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United Kingdom

Andy Bruce

Relief for UK consumers as inflation drops more than expected

10:33am BST

LONDON British inflation fell more than expected in September to a three-month low, offering some relief to consumers who have been squeezed financially since the Brexit vote.

Relief for UK consumers as inflation drops more than expected

10:32am BST

LONDON British inflation fell more than expected in September to a three-month low, offering some relief to consumers who have been squeezed financially since the Brexit vote.

Post-Brexit trade deals unlikely to help UK economy much - OBR

11 Oct 2018

LONDON Britain's plan to strike trade deals around the world, a key plank of the government's strategy for life outside the European Union, is unlikely to help the economy much, the country's official budget forecaster said on Thursday.

UK banks expect biggest mortgage lending cutback since 2008: Bank of England

11 Oct 2018

LONDON Increasingly cautious British lenders expect to scale back mortgage lending in the next three months by the greatest extent since the depths of the financial crisis in late 2008, a Bank of England survey showed on Thursday.

UK economy's summer surge turns out stronger than expected

10 Oct 2018

LONDON The British economy's summer surge turned out to be stronger than expected as hot weather spurred consumer spending, although a weak August hinted at slower growth ahead of Brexit next year, data showed on Wednesday. | Video

Bumper harvest gives English winemakers extra fizz

09 Oct 2018

LONDON Forget green fields and clouds. Blazing sunshine and rows of grapevines are now a growing part of the English countryside, leading to a rise in locally produced sparkling wine - boosted this year by a bumper harvest. | Video

UK economy shows steady growth, Brexit concerns weigh on firms - PMI

03 Oct 2018

LONDON Britain's economy appears to have kept up most of its steady growth in the July-September period, but uncertainty among companies remained high six months ahead of Brexit, a business survey showed on Wednesday.

UK firms cut investment as Brexit nears, current account gap widens

28 Sep 2018

LONDON British companies cut their investment in the second quarter of 2018, when Brexit was less than a year away, and the country's balance of payments shortfall grew more than expected, official data showed.

Bank of England can unwind QE without hurting economy - Vlieghe

25 Sep 2018

LONDON The Bank of England can reverse its huge bond-buying stimulus programme without sharply pushing up long-term interest rates and hurting the economy, as long it explains the plan properly and moves only gradually, a top BoE policymaker said on Tuesday.

World still waiting for wages boost despite stronger economy: Hays

24 Sep 2018

LONDON A meaningful boost to wage growth still looks elusive for most countries despite a robust global economy over the last year, an annual report on the world's labor market showed on Monday.

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