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 


UK living standards back to pre-crisis level -think tank

LONDON - British living standards are back to pre-financial crisis levels but are still slightly below their peak before the country's last national election in May 2010, a leading think tank said on Wednesday.

7:42am GMT

UK inflation expectations fall again to six-year low-Citi/Yougov

LONDON - The British public's expectations for inflation in the next 12 months fell to their lowest level in more than six years in February and longer-term inflation expectations were stable at a record low, according to a survey published on Tuesday.

03 Mar 2015

Top UK economic forecaster says sharp inflation rise a risk

LONDON - British inflation may rebound more sharply than many people think if economic growth picks up, according to the most accurate forecaster in Reuters Polls on 2014 UK economic data.

02 Mar 2015

Annual house price growth weakest since September 2013

LONDON - British house prices fell in February for the first time in five months, taking the annual rate of increase to its lowest since September 2013, figures from mortgage lender Nationwide showed on Monday.

Money Home, Money 02 Mar 2015

UK consumer confidence holds at high level in February - GfK

LONDON - British consumer confidence held steady at a high level this month as low inflation and rising wages made Britons more confident about their finances, according to a poll published on Friday.

27 Feb 2015

British wage growth has turned around - Bank of England's Forbes

LONDON - British wage growth has turned around and will feed through to higher inflation at some point, meaning the Bank of England will have to start thinking about raising interest rates, policymaker Kristin Forbes said in an interview published on Friday.

27 Feb 2015

UK business investment slips as oil prices fall, GDP growth steady at +0.5 pct

LONDON - Investment by businesses in Britain fell at its sharpest rate in nearly six years in the last quarter of 2014, hit by lower investment in the petroleum sector as global oil prices fell.

26 Feb 2015

UK consumers more confident as pay grows, inflation falls - survey

LONDON - British consumers have turned more upbeat as faster pay growth and very low inflation make them more confident about their finances, a poll showed on Thursday, little more than two months before a national election.

26 Feb 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