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 - Britons' expectations for an interest rate hike over the next year are on the rise even as their inflation forecasts have fallen, a quarterly poll commissioned by the Bank of England showed on Friday.
LONDON - British house prices jumped sharply in February, rising at the fastest monthly pace since May 2009, mortgage lender Halifax reported on Thursday.
LONDON - The Bank of England kept interest rates unchanged on Thursday, seeking to give the economy more time to build before removing its stimulus.
LONDON - Kath Caldwell worries she may have been wrong to encourage her children to go to university.
LONDON - British new car registrations in February were 3 percent higher than a year earlier at 68,736, the Society of Motor Manufacturers and Traders said on Thursday.
LONDON - British companies hired staff at the fastest pace in at least 16 years last month, according to a business survey on Wednesday that showed strong economic growth has carried over into the first quarter.
LONDON - The strong pace of growth in Britain's construction sector eased off last month, hurt by heavy rain and floods which affected house-building, a survey showed on Tuesday.
LONDON - London's financial services sector created 25 percent more jobs in February than a year ago, new data showed on Monday, showing the industry may be recovering from the restructuring and redundancies prompted by the financial crisis.
LONDON - British manufacturing strengthened last month and mortgage approvals hit their highest level in January since November 2007, data showed on Monday, underlining the momentum behind the country's economic recovery.
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