United Kingdom

Andy Bruce

UK inflation ticks higher as pandemic pushes up some prices

18 Nov 2020

LONDON British inflation picked up by a little more than expected in October as the COVID-19 pandemic continued to affect the cost of goods, with clothing and food prices rising during the month, official data showed on Wednesday.

Bank of England's Ramsden sees plus for economy from vaccine news

18 Nov 2020

LONDON Bank of England Deputy Governor Dave Ramsden said on Tuesday that positive news about COVID-19 vaccines could help to reduce the risks facing Britain's economy but the central bank was unlikely to revise up its forecasts as a result.

BoE's Bailey urges banks to commit to post-COVID recovery

17 Nov 2020

LONDON Britain's economy is undergoing lasting changes as a result of the COVID-19 pandemic and the financial services industry must make a "major commitment" to support the investment that will be needed, Bank of England Governor Andrew Bailey said.

UK's lagging economy lost more speed in September, worse ahead

12 Nov 2020

LONDON Britain's economy grew by a slower than expected 1.1% in September from August, lagging other rich nations as it struggled to recover from the shock of the pandemic even before the latest COVID-19 lockdown.

BoE mulls yield curve control but sees no need for now - Bailey

12 Nov 2020

LONDON The Bank of England has discussed using yield curve control in its search for new ways of boosting its firepower, but there is little need for it at the moment, Governor Andrew Bailey said on Thursday.

UK redundancies hit record high as job market slumps in third quarter

10 Nov 2020

LONDON British employers laid off a record number of staff in the third quarter and the jobless rate jumped as the labour market weakened before finance minister Rishi Sunak made a U-turn on COVID support measures. | Video

English COVID infections stabilize at around 50,000 per day: ONS estimate

06 Nov 2020

LONDON New COVID-19 infections in England have stabilized at around 50,000 a day, the Office for National Statistics said on Friday, indicating a levelling-off in the steep rise of cases even before England was pushed into a second national lockdown.

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