LONDON - British labour costs rose during the second quarter at their fastest pace in more than two years, official data showed on Thursday, reinforcing the view that the Bank of England is edging closer to raising interest rates.
WASHINGTON/FRANKFURT - Central bankers who led the charge to pull the global economy from a cliff during the financial crisis now risk becoming bit players, ill-equipped to snap the world out of sluggish growth and its addiction to cheap credit.
LONDON - The 'People's Quantitative Easing' plan set out by the new leader of the Labour Party is too radical for most economists, but some say the idea of central banks printing money for government spending is not unthinkable.
LONDON - Growth in Britain's private sector slowed in the three months to September as the manufacturing sector stagnated for the first time in more than two years, according a survey by the Confederation of British Industry (CBI).
LONDON - Britain's hefty current account deficit with the rest of the world narrowed much more sharply than expected after a surge in exports in the three months to June, but a slowing global economy may make this hard to sustain.
LONDON - British house price growth accelerated in September and there were signs the market in London is heating up again, mortgage lender Nationwide said on Wednesday, adding to evidence the housing market has regained momentum.
LONDON - British consumer morale fell more than expected in September as people worried about China's economic slowdown and Europe's migration crisis, a survey showed on Wednesday.
LONDON - British retail sales growth beat expectations this month by a comfortable margin, a survey by the Confederation of British Industry showed on Tuesday.
LONDON - British mortgage lending increased by the greatest amount since 2008 after lenders approved the largest number of mortgages in more than a year and a half, adding to signs Britain's housing market is heating up.
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