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 


Bank of England, stung by scandals, flags market concerns

LONDON - The Bank of England is warning about potential irregularities in financial markets on a regular basis as it tries to address the problems that dragged it into recent market scandals, a senior BoE official said.

27 Mar 2015

UK retail sales improve in Feb, boding well for economy

LONDON - British retail sales rose at the fastest pace in three months in February, beating expectations and suggesting Britain's consumer-led economic recovery remains strong ahead of national elections in May.

26 Mar 2015

UK retail sales growth rebounds in March - CBI

LONDON - British retail sales growth rebounded in March after almost grinding to a halt in February, although optimism about sales in the coming month waned, an industry survey showed on Thursday.

26 Mar 2015

UK mortgage approvals rise for second month in February

LONDON - Mortgages approved by British banks rose in February for a second month in a row, adding to signs that a slowdown in the British housing market may have bottomed out, the British Bankers' Association said on Wednesday.

Money Home, Money 26 Mar 2015

Bank of England policymakers see scant need for rate cut

LONDON - Three Bank of England policymakers said on Wednesday they saw little chance of a cut in interest rates in the face of tumbling inflation, distancing themselves from the position of the central bank's chief economist.

Money Home, Money 26 Mar 2015

Cameron uses last parliament clash before election to rule out tax rise

LONDON - Prime Minister David Cameron used his last debate in parliament before a national election on May 7 to try to push his Conservative Party ahead of opposition Labour in stagnant opinion polls by ruling out a rise in value added tax.

Money Home, Money 25 Mar 2015

UK inflation expectations rise for first time since August

LONDON - The British public's expectations for inflation in the next 12 months and further ahead rose this month for the first time since August, according to a survey published on Wednesday.

Money Home, Money 25 Mar 2015

Bank of England's Shafik says interest rates likely to rise

- Interest rates in Britain are likely to rise despite inflation falling to zero, Bank of England Deputy Governor Minouche Shafik told Kent Business in comments reported on Wednesday.

Money Home, Money 25 Mar 2015

Britain sees no inflation in February for first time on record

LONDON - British inflation vanished last month, hitting zero for the first time on record, official figures showed on Tuesday. | Video

24 Mar 2015


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