Budget 2013

UK public's inflation expectations hit 8-month high in July

LONDON - The British public's expectations for inflation in the next 12 months rose last month to their highest level since November 2014, according to a survey published on Tuesday.

Money Home, Money 12:17pm BST

Sterling strength gives Bank of England rate-setters a headache

LONDON - As the Bank of England moves closer to raising interest rates for the first time since 2007, the strength of sterling is causing disagreement among its policymakers over when to pull the trigger.

Five things to watch on Bank of England's "Super Thursday"

LONDON - The Bank of England will for the first time release a slew of key reports alongside its monthly monetary policy decision on Thursday, meaning investors and the public will have to contend with a flood of information usually released separately.

03 Aug 2015

New Bank of England policymaker says to cut all hedge fund ties

LONDON - New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all links with his previous employer, one of the world's biggest hedge funds, to avoid "any mistaken impression" of a conflict of interest.

03 Aug 2015

Global economic woes dent strong UK consumer sentiment

LONDON - British consumer morale eased in July as concerns about Greece and the global economy weighed on Britons' outlook for the economic situation over the next year, a survey showed on Friday.

Money Home, Money 31 Jul 2015

Edging towards rate hike, BoE sets out money market reform plan

LONDON - The Bank of England set out plans on Thursday to reform a key benchmark for interbank borrowing costs, a measure of financial conditions that will come into sharper focus as the central bank comes closer to its first interest rate increase in nearly a decade.

Money Home, Money 30 Jul 2015

UK mortgage lending jumps in June, business lending plunges

LONDON - British mortgage lending picked up strongly in June, adding to signs that the housing market is regaining momentum, but a sharp drop in lending to businesses was a reminder that the economic recovery has yet to find a sounder footing.

Money Home, Money 29 Jul 2015

UK July retail sales growth slows, outlook weakens - CBI

LONDON - British annual retail sales growth slowed in July, despite a big rise in clothing purchases, and is expected to weaken further next month, a survey by the Confederation of British Industry showed on Wednesday.

29 Jul 2015

Taylor Wimpey, Foxtons say buyer interest heats up post-election

LONDON - Housebuilder Taylor Wimpey and London estate agent Foxtons said activity in the property market had stepped up since May's general election, with buyers' confidence boosted by sustainable levels of price inflation and low mortgage rates.

Money Home, Money 29 Jul 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