United Kingdom



BoE's Vlieghe sees interest rates rising once or twice a year


LONDON Bank of England rate-setter Gertjan Vlieghe said on Friday that interest rates will probably need to rise once or twice a year over the next few years, comments that are likely to help cement investors' expectations of a BoE rate hike in May.


Chemical companies fear toxic consequences of Brexit 23 Mar 2018

KNUTSFORD, England Julian Sarkar has spent more than 10 years and around 600,000 euros (525,000 pounds) making his small British company compliant with strict European Union regulations to import chemicals into the bloc.


Bank of England splits on rates, paving way for May rise 22 Mar 2018

LONDON The Bank of England kept interest rates steady on Thursday but two policymakers unexpectedly voted for a hike, reinforcing the view among economists that borrowing costs will rise in May for only the second time since the 2008 financial crisis. | Video


UK retail sales jump in February as inflation slows 22 Mar 2018

LONDON British retail sales jumped in February, further adding to the case for the Bank of England to raise interest rates in May even if March's heavy snowfall is likely to take a chunk out of growth in the first quarter of 2018.


UK factory orders gauge falls to five-month low in March - CBI 22 Mar 2018

LONDON British factory orders lost further momentum this month but remained healthy by historic standards, a survey from the Confederation of British Industry showed on Wednesday.


UK wage growth near two-and-a-half year high, boosting chances of Bank of England rate hike 21 Mar 2018

LONDON British workers' overall pay rose at the fastest pace in more than two years during the three months to January, bolstering the chances that the Bank of England will raise borrowing costs in May.


Pay awards at British employers hit highest in over two years - IDR 21 Mar 2018

LONDON Pay awards by British employers are rising by the most in more than two years, according to a survey on Wednesday that suggests the Bank of England's expectations of higher pay are on track.


UK inflation slows in February as Brexit hit to pound fades 20 Mar 2018

LONDON British inflation was weaker than expected in February as the impact of the 2016 Brexit vote faded, easing some of the squeeze on households' spending power but doing little to change bets on a Bank of England rate rise in May. | Video

Brexit transition deal will let firms invest, hire - UK employers group 19 Mar 2018

LONDON A deal announced on Monday by the European Commission and Britain for a nearly two-year Brexit transition period will allow British firms to move ahead with investment and hiring decisions, an employers group said on Monday.


UK home-sellers raise prices by most since 2007 - Rightmove 19 Mar 2018

LONDON British home-sellers raised their asking price by 1.5 percent in March, the biggest monthly increase for the time of year since 2007, property website Rightmove said on Monday.

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