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 


Royal Mail sale could have raised extra 180 million pounds - official report

LONDON - The privatisation of Britain's Royal Mail could have raised an extra 180 million pounds, according to a government-commissioned report that largely endorsed the cautious approach by ministers in the 2-billion-pound sale.

12:31pm GMT

UK car production seen flat in 2014 as November exports weaken

LONDON - British car production will remain flat in 2014, an industry body said on Thursday, as a drop in exports due to weak foreign demand saw output fall in November.

7:48am GMT

UK earnings recovery might not help Cameron much before election

LONDON - The wages of British workers are rising and inflation is tumbling, but a turnaround in living standards may prove to be too little, too late for Prime Minister David Cameron as a general election approaches.

Money Home, Money 7:17am GMT

UK households' optimism over finances hits six-year high

LONDON - British households were more optimistic in December about their financial prospects in the coming 12 months than at any point in the last six years, a monthly survey showed on Wednesday.

Money Home, Money 17 Dec 2014

Bank of England policymakers see oil price fall lowering short-term inflation

LONDON - Bank of England policymakers focused heavily on falling oil prices in their December meeting, and the majority who have been voting to keep interest rates on hold appeared slightly more united.

Money Home, Money 17 Dec 2014

UK inflation falls sharply in November to 12-year low

LONDON - British inflation fell unexpectedly to its lowest level in more than 12 years in November, further easing a squeeze on consumers and leaving the Bank of England under no pressure to raise interest rates soon.

Money Home, Money 16 Dec 2014

Plunging oil prices could boost geopolitical tensions - BoE report

LONDON - Plunging oil prices could heighten geopolitical tensions, trigger defaults by U.S. shale oil and gas firms and destabilise euro zone inflation expectations, the Bank of England warned on Tuesday.

16 Dec 2014

UK government seeks to lock in budget goals as election nears

NEW YORK/POOLE, England - Britain's government promised on Monday to put its ambitious budget targets on a more formal footing, in a largely political move by Conservative Chancellor George Osborne to embarrass the Labour party.

16 Dec 2014

Eyeing 2015 election, Cameron unveils new house buying scheme

LONDON - Tens of thousands of young Britons will be offered the chance to buy their first home with a hefty discount by Prime Minister David Cameron on Monday, a scheme he hopes will boost his re-election chances for May next year.

Money Home, Money 15 Dec 2014


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