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 

British house prices show surprise fall in June

LONDON - British house prices unexpectedly fell last month, taking the annual rate of price increases to its lowest in two years, mortgage lender Nationwide said on Thursday.

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UK inflation expectations rise in June

LONDON - The British public's expectations for inflation in the next 12 months rose in June, according to a survey published on Wednesday.

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UK productivity returns to modest growth in first quarter

LONDON - British economic productivity returned to modest growth in the first three months of the year, official data showed on Wednesday, giving some encouragement to the Bank of England as it holds interest rates at a record low.

01 Jul 2015
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UK economic growth revised up, buoyed by consumer spending

LONDON - Britain's economy enjoyed a stronger start to the year than previously thought, buoyed by big-spending consumers and an upturn in business investment, but weak exports continued to act as a drag on growth.

30 Jun 2015
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UK consumer confidence surges to 15-year high in June

LONDON - British consumer morale surged to its highest in over 15 years this month as shoppers said they were ready to spend, a survey showed on Tuesday, adding to signs that growth is picking up after a weak start to the year.

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UK mortgage approvals fall unexpectedly in May

LONDON - British mortgage approvals fell unexpectedly in May, Bank of England data showed on Monday, countering other recent signs that activity in the housing market has picked up in recent months.

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UK retail sales growth eases in June from five-month peak

LONDON - British retail sales growth eased in June from a five-month high reached during the previous month, although it remained above average for the time of year, an industry survey showed on Thursday.

25 Jun 2015

UK car production up in May as domestic demand surges

LONDON - British car production rose in May compared to the same month last year due to a double-digit rise in demand from domestic buyers, an industry body said on Thursday.

25 Jun 2015
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Bank of England's Weale says jobs market "fizzing", eyes rate hike

LONDON - Britain's labour market is "fizzing away nicely" and wages are growing faster than expected, Bank of England policymaker Martin Weale said in an interview with the Financial Times in its Wednesday edition, indicating that he might soon vote for a rate rise.

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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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