United Kingdom

Budget 2013


Pro-Brexit economists urge UK to unilaterally scrap tariffs

LONDON Britain should be prepared to scrap all tariffs on imports unilaterally when it leaves the European Union to give consumers and the broader economy a boost, even if it hurts some businesses, economists who favour Brexit said on Thursday.

UK, Business 17 Feb 2017

EU workers in Britain drop in late 2016 after Brexit vote

LONDON A steady rise in the number of European Union migrants working in Britain stalled at the end of 2016, suggesting the Brexit vote, and the subsequent fall in the value of the pound, might have made the country less attractive as a place to work.

Business, UK, Money, Money Home 16 Feb 2017

UK wage growth slows in late 2016, employment picks up

LONDON British workers saw their pay grow more slowly than expected at the end of last year, official data showed on Wednesday, ahead of a likely squeeze on their living standards from higher inflation in 2017.

UK, Business, Money, Money Home 16 Feb 2017

UK households feel pinch from inflation's rise - survey

LONDON British households felt their living costs rose at the fastest pace in nearly four years this month as the post-Brexit vote pickup in inflation curbed consumers' appetite for big spending, a survey by data firm Markit showed on Wednesday.

Business, UK, Money, Money Home 16 Feb 2017

Tone of British-EU divorce talks to decide path for UK growth - Reuters poll

LONDON The tone of Britain's divorce negotiations with the European Union will be the main factor influencing the economy this year, according to economists polled by Reuters who also say the Bank of England will leave policy steady at least until 2019.

Business, UK 14 Feb 2017

Fuel price surge sends inflation to highest since June 2014

LONDON British consumer prices rose last month at the fastest pace since June 2014 and are set to rise further, propelled by higher global oil prices and the Brexit-fuelled fall in the pound, official data showed on Tuesday.

Business, UK 14 Feb 2017

UK consumer spending growth slows to five-month low - Visa

LONDON British households kept a tighter grip on their credit cards last month as spending grew at one of the slowest annual rates of the past three years, data from Visa showed on Monday, adding to signs that consumer spending is starting to lose momentum.

Business, UK 13 Feb 2017

Britain's economy likely expanded 0.7 percent in three months to January - NIESR

LONDON Britain's economy likely expanded by 0.7 percent in the three months to January, quickening slightly from the fourth quarter, the National Institute of Economic and Social Research said on Friday.

Business, UK 10 Feb 2017

Manufacturing jump shows economy ended 2016 strongly despite Brexit vote

LONDON British manufacturing grew more strongly than expected in December, showing the economy remained resilient to the end of the year despite June's Brexit vote shock, although 2017 looks likely to be more difficult. | Video

10 Feb 2017


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