United Kingdom

Budget 2013


UK car exports offset domestic drop in September output rise

LONDON British car production rose by an annual 0.9 percent in September with a rise in exports compensating for a fall in demand at home, an industry body said on Thursday.

UK, Business 27 Oct 2016

UK commercial property sees partial recovery after Brexit slump - RICS

LONDON Demand from British businesses for commercial property has partly recovered from its slump after June's vote to leave the European Union and foreign investors are looking to take advantage of the weak pound, industry data showed on Thursday.

Business, UK 27 Oct 2016

UK employers urge Hammond to boost investment, infrastructure

LONDON Chancellor Philip Hammond should encourage businesses to invest and spend more on infrastructure when he delivers his first budget statement since Britain's vote to leave the European Union, an employers group said.

Business, UK 27 Oct 2016

UK economy escapes short-term Brexit hit, gets Nissan boost

LONDON Britain's economy slowed only slightly in the three months after the Brexit vote and carmaker Nissan said it would build more cars in the country, tempering fears about the immediate economic impact of the decision to leave the European Union. | Video

Business, UK, Money Home, Money 27 Oct 2016

Carney says cannot ignore 'fairly substantial' sterling drop

LONDON Chancellor Mark Carney said on Tuesday that there were limits to the central bank's ability to ignore the effect of sterling's slide on inflation, as policymakers consider whether to cut interest rates next week.

Business, UK, Money Home, Money 26 Oct 2016

Bank of England to hold rates next month; staying in EU best for UK trade - economists

LONDON The Bank of England is not now expected to ease policy until early 2017, according to economists in a Reuters poll who almost unanimously said staying in the European Union would be the best for the UK's long-term trading prospects.

Business, Money Home, Money 25 Oct 2016

British public's inflation fears show record jump - YouGov/Citi

LONDON The British public's expectation for inflation in a year's time recorded its sharpest jump in more than a decade this month, driven by fears of higher import prices, a closely watched survey by polling company YouGov said on Monday.

Business, UK, Money Home, Money 25 Oct 2016

Bank of England's Carney faces up to pressure from prices and politics

LONDON Two of the biggest bugbears for any central banker - political pressure and an impending surge in inflation - now loom larger over Bank of England Governor Mark Carney than at any time since he took over the central bank.

Business, Money Home, Money 24 Oct 2016

UK factories see stronger investment and exports, patchy orders - CBI

LONDON British manufacturers' investment intentions recovered over the past quarter as sterling's slide brightened export prospects, but skills shortages and rising costs are a growing worry, industry figures showed on Monday.

24 Oct 2016


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