Edition:
United Kingdom

Budget 2013

Photo

Drop in online shopping knocks UK retail sales in August

LONDON British retail sales unexpectedly fell in August after shoppers bought less online than the month before, when an annual promotion by Amazon appeared to have encouraged them to splash out, official figures showed on Thursday.

19 Sep 2019
Photo

UK inflation falls to lowest since 2016 in pre-Brexit boost to consumers

LONDON Consumer prices in Britain rose last month at the slowest rate since December 2016, a pre-Brexit boost to the spending power of households who are also seeing the fastest wage growth in 11 years. | Video

Business, Money, Money Home 18 Sep 2019
Photo

More British consumers living on financial knife edge, debt charity warns

LONDON A growing number of consumers are over-indebted and ill-equipped to cope with an economic shock, Britain's largest debt charity, StepChange, has warned after a record number of calls to its national helpline in the first half of this year.

Business, Money, Money Home 18 Sep 2019
Photo

UK companies would incur tariff costs after no-deal Brexit - survey

LONDON Almost 40% of British businesses with suppliers in the European Union have signed "Brexit clauses" to allow prices or other terms to be renegotiated if trade tariffs return after a no-deal departure from the bloc, a survey showed on Wednesday.

18 Sep 2019
Photo

Stretched households could mean lengthy UK downturn, if it comes

LONDON If Britain falls into recession soon, perhaps after a no-deal Brexit, it might prove to be a lengthy one because the country's financially stretched households are unlikely to be able to lead a recovery.

Photo

Brexit jitters cause rare September fall in UK house prices - Rightmove

LONDON Asking prices for houses in Britain have suffered their first September fall in nine years as worries about Brexit caused buyers to hesitate and sellers to keep properties off the market, property website Rightmove said on Monday.

UK, Business, Money, Money Home 16 Sep 2019
Photo

UK employers cut growth forecasts as Brexit, global slowdown weigh

LONDON The British Chambers of Commerce cut its forecast for economic growth this year and 2020 on Monday, blaming a slower global economy, U.S.-China trade tensions and the persistent drag from Brexit.

16 Sep 2019
Photo

EU businesses warn no-deal Brexit would be disaster

BRUSSELS Britain's exit from the European Union without a divorce agreement would be a disaster and must be ruled out, Europe's biggest business organisation said on Monday, as EU officials warn this worst-case scenario is increasingly likely.

16 Sep 2019
Photo

UK freelancer earnings stagnate in second quarter - survey

LONDON Earnings of highly skilled freelancers in Britain stagnated in the second quarter as Brexit uncertainty hit demand for their work, according to a survey that contrasted with strengthening pay growth among employees.

Business, Money, Money Home 13 Sep 2019