LONDON British consumers will be cautious about spending this year as inflation soars, but the country will avoid recession as the Bank of England is expected to maintain its ultra-easy policy stance, a Reuters poll found.
LONDON British workers saw their pay grow at the fastest pace in more than a year in the three months to November, official data showed on Wednesday, adding to signs that the country's economy ended 2016 strongly despite the shock of the Brexit vote.
LONDON Rising inflation weighed on the financial outlook of British households in January, a survey showed on Wednesday, an early sign that price pressures caused by sterling's fall after the Brexit vote may be starting to worry consumers.
LONDON British inflation rose more strongly than expected in December to hit its highest level since mid-2014, propelled by the Brexit-fuelled fall in the value of sterling which looks set to hit consumers' spending power harder in the coming months. | Video
LONDON British businesses are increasingly cautious about their investment plans as they worry about how the country's planned departure from the European Union will affect the economy this year, a survey showed on Tuesday.
LONDON A post-Brexit vote slump in demand for bank lending among small and medium-sized British firms continued into the last three months of 2016 and banks expect small companies will remain reluctant to borrow in early 2017, the Bank of England said.
LONDON British unemployment is unlikely to rise this year by as much as the Bank of England forecast two months ago, and should instead stay close to its current 11-year low, one of the bank's policymakers said on Friday.
LONDON Bank of England Governor Mark Carney said it would be a "big call" for the central bank to rein in rapid growth in consumer lending, which picked up strongly last year and brought some echoes of the period before the global financial crisis.
LONDON Britain's economy likely expanded by 0.5 percent in the final three months of last year, slowing slightly from the third quarter, the National Institute of Economic and Social Research said on Wednesday.
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