Budget 2013

With growth halved, Chancellor Osborne turns to Bank of England for help

Britain's Chancellor of the Exchequer, George Osborne, holds up his budget case for the cameras as he stands outside number 11 Downing Street, before delivering his budget to the House of Commons, in central London March 20, 2013. REUTERS/Stefan Wermuth

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 

UK mortgage approvals pick up in December, consumer credit slows

LONDON - British mortgage approvals rose in December for the first time since June, the Bank of England said on Friday, suggesting that a steady slowdown in the number of loans for home purchases could be bottoming out.

Money Home, Money 30 Jan 2015
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UK house price growth slows again in January

LONDON - British house price growth slowed on an annual basis for a fifth month in a row in January, further reducing the risk of a bubble in the housing market, figures from mortgage lender Nationwide showed on Thursday.

Money Home, Money 29 Jan 2015

UK inflation expectations hit 6-year low in January

LONDON - The British public's expectations for inflation in the next 12 months fell to their lowest level in six years in January, while longer-term inflation expectations hit a record low, according to a survey on Tuesday.

Money Home, Money 29 Jan 2015

UK retail sales growth slows less than expected in January - CBI

LONDON - British retail sales growth slowed by less than expected in January, helped by the biggest rise in clothing sales in almost two years, an industry survey showed on Thursday.

29 Jan 2015

Bank of England's Haldane says no rush to raise rates

LONDON - The Bank of England is in no rush to hike interest rates and when it does, the increase could be as slow as half a percentage point a year, the central bank's chief economist Andy Haldane said in an interview published on Wednesday.

Money Home, Money 28 Jan 2015
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British growth slows, but 2014 still fastest in seven years

LONDON - Britain's economic growth slowed more than expected in the final three months of last year, but with annual growth still at its fastest since 2007 the data gave ammunition to both sides of the political divide heading into May's election.

27 Jan 2015

Britain's Black Friday genie now out of the bottle

LONDON - Britons literally fell over themselves for "Black Friday" bargains in November, so retailers need to make the discount day imported from across the Atlantic work for the industry.

27 Jan 2015
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UK banks approve fewest mortgages since April 2013

LONDON - British banks approved 35,667 mortgages for house purchase in December, the lowest number since April 2013, as the housing market continued to slow, the British Bankers' Association said on Tuesday.

Money Home, Money 27 Jan 2015
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Eyeing May re-election, Cameron says voters "deserve" tax cuts

LONDON - Prime Minister David Cameron said on Monday voters deserved to be rewarded with tax cuts "after years of sacrifice," pledging to reduce taxes if he won a general election in May.

Money Home, Money 26 Jan 2015

Opinion

Felix Salmon

Britain’s fiscal failure

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 

Edward Hadas

Policy rhetoric flies in the face of reality

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 

Peter Gumbel

A devalued pound can’t save the economy

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 

Robert Cole

Homeowner tax switch would help

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 

Kathleen Brooks

In defence of Osborne

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 

Laurence Copeland

Budget day cheer is here again

Budget Day again, and the pressure on Chancellor George Osborne is rising ominously. There is little agreement about what needs to be done, but complete agreement that something has to change because the state of Britain’s economy is simply awful.  Commentary 

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