United Kingdom

Budget 2013


Politicians condemn 'quiet scandal' of British bank closures

LONDON British politicians have urged banks to provide more services in poor areas after a Reuters article showed the largest are disproportionately closing branches in the lowest-income areas while expanding in wealthier ones.

Business, UK 30 Jun 2016

UK consumer confidence tumbles after Brexit vote - YouGov/CEBR

LONDON Confidence among British consumers fell sharply in the days after the country decided to leave the European Union, according to a survey published on Thursday which gave a first glimpse of how the shock referendum result has affected households.

Business, UK, Money Home, Money 30 Jun 2016

Consumer borrowing growth hit 10-year high before Brexit storm

LONDON British consumer borrowing expanded at the fastest annual rate since 2005 in May, but analysts said this could be a high watermark before the shock of last week's vote to leave the European Union spreads through the economy.

Business, Money Home, Money 29 Jun 2016

UK annual house price growth picked up in June, Brexit effect uncertain - Nationwide

LONDON Annual growth in British house prices picked up to a three-month high in June in the run-up to the Brexit vote, which has unclear implications for the housing market, mortgage lender Nationwide said Wednesday.

Business, Money Home, Money 29 Jun 2016

UK will need to raise taxes after EU vote - Osborne

LONDON Britain will need to raise taxes and cut spending later this year to stabilise the public finances after last week's shock vote to leave the European Union, Chancellor George Osborne said on Tuesday. | Video

Business, UK, Money Home, Money 28 Jun 2016

UK retail sales grew slowly ahead of EU referendum - CBI

LONDON - British shop sales growth slowed slightly ahead of last week's referendum on European Union membership, an industry survey showed on Tuesday.

28 Jun 2016

Ratings agencies rip into UK's credit score after Brexit vote

LONDON Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy.

Business, UK 28 Jun 2016

Ratings agency Moody's says Britain at risk of credit downgrade

LONDON Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc.

Business, UK 25 Jun 2016

Leading UK fund manager Buxton sees Britain entering recession

LONDON Britain's decision to leave the European Union is likely to result in the country entering into recession, said Richard Buxton, head of UK equities at Old Mutual Global Investors.

25 Jun 2016


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