Chancellor George Osborne turned to the Bank of England on Wednesday to help galvanise a stagnant economy which he said would grow this year at just half the rate previously expected. Full Article
LONDON - If Scotland votes for independence next week, existing consensus forecasts predicting Britain will enjoy some of the best economic growth in the developed world could well be scuppered, a Reuters poll found.
LONDON - British construction output stagnated in July as a rapid expansion in house building started to level off, causing annual growth to sink to an eight-month low.
LONDON - The Bank of England may start to raise interest rates next spring if the labour market continues to recover from the financial crisis, Governor Mark Carney said on Tuesday.
LONDON - The pace of Britain's economic recovery picked up slightly in the three months to August, the National Institute of Economic and Social Research (NIESR) said on Tuesday.
LONDON - British industrial output rose the most in six months in July thanks to strong electricity and gas output, but the recent trend remains weak and the country's trade deficit widened, official data showed on Tuesday.
LONDON - Scotland's nationalists may have to add the creation of a central bank and a currency to their plan to build a new country, if they win next week's independence referendum.
LONDON - Investors pushed back expectations of when the Bank of England will raise interest rates on Monday after a poll showed the pro-Scottish independence camp with a lead for the first time.
LONDON - An independent Scotland could lay claim to a part of the United Kingdom's 310-tonne gold reserves if votes go in favour of the "Yes" campaign this month, with ownership of Britain's bullion hoard up for negotiation along with other assets.
LONDON - British house prices barely rose during August, according to a survey from mortgage lender Halifax on Monday that added to other signs of moderation in the housing market.
Chancellor George Osborne looks to the Bank of England for more help. Full analysis from the NAB trading floor with currency strategist Nick Parsons and head of market economics Tom Vosa. Video
We’re now in a world where the wonkiest columnist in the driest newspaper in Britain is stating his case far more simply and clearly than a populist PR man turned PM. Commentary
When words and actions don’t match up, the problem is usually overly ambitious promises. In the debate on economic policy in the UK, the failure is in the present – the government’s description of fiscal and monetary policy flies in the face of reality. Commentary
Does devaluation still work? In the era after the financial crisis of 2007-08, there is mounting evidence that devaluation may not be able to help kick-start a stalled economy as readily as it may once have done. Commentary
To tackle debt Osborne needs to protect tax revenue. To maximise revenue, and appease recession-restless voters, he needs to promote economic growth. He could do all three by stamping on the UK’s property transaction tax and closing a crucial loophole. Commentary
You may say that our dreadful growth is the result of a lack of fiscal strategy, but this would be wrong. The trouble is that the economic strategy Osborne has adopted takes a long time to bear fruit and is fairly anti-growth, at least for the first few years. Commentary