United Kingdom

David Milliken

Bank of England rate cut hangs in balance as Carney bows out

24 Jan 2020

LONDON The Bank of England is closer to cutting interest rates next week than at any time in the last three years, as governor Mark Carney chairs his last policy meeting and Britain finally leaves the European Union.

UK jobs boom returns as Bank of England considers rate cut

21 Jan 2020

LONDON British job growth was the strongest in nearly a year in the three months to November, according to data that could weaken the case for an interest rate cut by the Bank of England next week.

Labour's Long-Bailey launches leadership bid with call for 'new professionalism'

17 Jan 2020

LONDON Britain's Labour Party needs to do more to promote aspiration and look more like a government-in-waiting, the party's business spokeswoman, Rebecca Long-Bailey, said when she formally launched her leadership campaign on Friday.

Bank of England's Saunders warns of risk of low inflation trap

15 Jan 2020

BANGOR, Northern Ireland Bank of England interest-rate setter Michael Saunders warned on Wednesday that Britain risks getting stuck in a low-inflation trap if the central bank does not take early action to boost the economy.

UK economic growth weakest since 2012 in November

13 Jan 2020

LONDON Britain's economy grew at its weakest annual pace in more than seven years in November, raising expectations that the Bank of England will cut interest rates later this month. | Video

Bank of England's Tenreyro joins rate cut talk

10 Jan 2020

LONDON Bank of England policymaker Silvana Tenreyro said she would be inclined to back an interest rate cut in the coming months if growth does not pick up, adding to suggestions that the central bank is edging towards pumping more stimulus into the economy.

Business optimism sees record post-election rebound - Deloitte

10 Jan 2020

LONDON Optimism at major British companies has improved by the largest margin in at least 11 years after Prime Minister Boris Johnson won a sweeping election victory last month, according to a survey from accountants Deloitte.

Carney says BoE could cut interest rates if weakness persists

09 Jan 2020

LONDON Bank of England Governor Mark Carney said on Thursday that the central bank could cut interest rates if it looks like weakness in the economy will persist.

Harry and Meghan step back from senior roles in surprise move

09 Jan 2020

LONDON Prince Harry and his wife Meghan will step back from senior roles in Britain's royal family and spend more time in North America, they said on Wednesday, an announcement that appears to have taken his grandmother, Queen Elizabeth, by surprise. | Video

UK car sales hit six-year low on Brexit and emissions uncertainty

06 Jan 2020

LONDON The number of new cars sold in Britain last year fell to its lowest since 2013, as consumers held back from purchases amid increased restrictions on diesel vehicles and ongoing economic uncertainty in the run-up to Brexit.

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