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 

Osborne to deliver budget statement on December 3

LONDON - The British government will release a half-yearly budget update and new fiscal forecasts on Dec. 3, Chancellor George Osborne said on Tuesday.

Money Home, Money 02 Sep 2014

UK inflation expectations for next 12 months edge up in August

LONDON - Britons' expectations for inflation over the next 12 months edged up in August to 2.3 percent from 2.2 percent in July, a monthly poll by YouGov showed on Tuesday.

Money Home, Money 02 Sep 2014
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UK construction growth strongest in seven months

LONDON - Construction output in Britain grew at its fastest pace in seven months in August, boosting job creation but also putting strain on suppliers, industry data showed on Tuesday.

02 Sep 2014
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UK manufacturing growth ebbs, denting hopes for balanced recovery

LONDON - Britain's manufacturing revival slowed sharply last month as the Ukraine crisis crimped demand from abroad, further denting hopes for a more balanced economic recovery.

01 Sep 2014

UK mortgage approvals fell in July

LONDON - British mortgage approvals fell slightly in July, matching expectations, according to official data on Monday that pointed to some moderation in the housing market.

Money Home, Money 01 Sep 2014

UK manufacturing growth cools as export orders slip

LONDON - Britain's main manufacturing trade association trimmed its growth forecast for 2014 on Monday after its members reported the first fall in export orders since early 2013.

01 Sep 2014
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Risk-averse UK investors slash equity holdings in August

LONDON - British investment managers slashed their equity holdings in August and bumped up their bets on bonds as heightened global tensions prompted a move away from risky assets, a poll showed.

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UK house prices surge unexpectedly in August - Nationwide

LONDON - British house prices rose during August at a much faster monthly pace than expected, according to a survey on Friday that contrasted with other signs of cooling in the housing market.

29 Aug 2014

UK consumer confidence rises more than expected in August -GfK

LONDON - British consumer morale strengthened more than expected in August, matching June's nine-year high, as Britons became more confident about the economy and their financial prospects, a survey showed on Friday.

29 Aug 2014

Opinion

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 

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