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United Kingdom

Economy

 

Britain's current account deficit was bigger than thought in 2015 - ONS

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LONDON Britain's current account deficit, the largest of any major economy last year, was even bigger in 2015 than previously thought, according to new estimates from the Office for National Statistics.

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Financial squeeze on UK households eases from three-year peak - Markit 7:52am BST

LONDON The squeeze on British households' financial situation eased this month as slowing inflation and greater job security improved conditions from a three-year low recorded in July, a consumer survey showed on Monday.

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British retail sales slow in July after strong second quarter 17 Aug 2017

LONDON British retail sales growth slowed broadly as expected in July after a strong second quarter, as shoppers cut back on purchases of most goods other than food, adding to worries about a fall in consumer demand caused by higher inflation.

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British consumers try to cut costs at fastest pace in two years - Nielsen survey 17 Aug 2017

LONDON More Britons tried to rein in their spending in the second quarter of this year than at any time since 2015 as rising inflation squeezed household incomes, according to a survey published on Thursday.

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UK exporters' confidence softens, says British Chambers of Commerce 17 Aug 2017

LONDON The British Chambers of Commerce said on Thursday that exporters' confidence has softened slightly, due to concerns about currency fluctuations and a shortage of skilled workers.

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UK unemployment falls to lowest since 1975, wage growth still muted 16 Aug 2017

LONDON Britain's labour market confounded a sluggish economy in the second quarter as the unemployment rate fell to its lowest since 1975.

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UK inflation holds steady in July as price pressures ease 15 Aug 2017

LONDON British consumer price inflation unexpectedly held steady last month, bucking market expectations for a renewed rise, after fuel prices fell and the effect of the pound's tumble after last year's Brexit vote started to fade.

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Approaching a cliff edge? British business begs for clarity after Brexit maelstrom 10 Aug 2017

LONDON After the maelstrom of Prime Minister Theresa May's election crisis and a struggle in government over the shape of Brexit, business chiefs have a simple request for Britain: Give clarity on how the EU divorce might look.

Momentum in UK economy fades in three months to July - NIESR 10 Aug 2017

LONDON British economic growth has softened again following a modest improvement in the second quarter, the National Institute of Economic and Social Research (NIESR) estimated on Thursday.

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UK house price growth weakest in over four years - RICS 10 Aug 2017

LONDON British house prices rose at their slowest rate in over four years last month, while the number of sales slowed due to a limited supply of property and continued political uncertainty, a property industry body said on Thursday.

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