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
LONDON - British retail sales bounced back this month after a weak March, helped by sales from a later-than-usual Easter, the Confederation of British Industry said on Monday.
LONDON - British car production returned to growth in March after some automakers completed retooling to make new models, an industry body said on Thursday, in another sign of momentum in the country's manufacturing sector.
LONDON - Britain's economic recovery is gaining momentum but Bank of England policymakers held different views about the amount of slack in the economy and the medium-term inflation outlook, minutes from their April 9 meeting showed.
LONDON - Britain's hefty budget deficit has fallen to its lowest since the financial crisis, official data showed on Wednesday, helping the government argue it is delivering on a key economic pledge a year before a national election.
LONDON - The British public's expectations for inflation over the coming year fell to 2.0 percent this month from 2.1 percent in March, its lowest level since late 2009, a monthly survey by polling company YouGov showed on Wednesday.
LONDON - The number of British companies increasing their marketing spend grew at its strongest pace in 14 years in the first quarter, signalling optimism that Britain's recovery from recession is gaining momentum, an industry survey showed on Thursday.
LONDON - Britain’s unemployment rate unexpectedly dropped in the three months to February, reviving speculation the Bank of England will start raising interest rates earlier than it has signalled.
LONDON - A strike at Scotland's only oil refinery contributed to a sharp slowdown in economic growth at the end of 2013 at a time when the rest of the British economy was booming, data showed 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