ARTICLES RELATING TO UK ECONOMY

UK's rapid economy recovery may slow down

2014-11-05 16:35

Britain's rapid economic recovery could slow in the final months of 2014 after uncertainty about the global economy started to hit domestic businesses.

Scots impatient for new powers

2014-09-19 10:43

Scotland has spurned independence in a historic referendum that threatened to rip the UK apart, sow financial turmoil and diminish Britain's global clout.

UK services firms on three-month low - survey

2014-08-26 10:38

Growth in services companies that form the bulk of Britain's economy has slowed in the three months to August, according to a survey.

BoE may lower jobless rate guidance

2014-01-03 20:30

Reports say the Bank of England may have to lower the unemployment rate threshold that it has said would trigger discussion of an interest rate rise.

Bank of England in no rush to hike rates

2013-11-13 15:33

The UK unemployment rate will fall much faster than previously expected, but the Bank of England says it is in no hurry to raise interest rates.

Middle class mysteries

2013-06-30 10:01

Chrystia Freeland explores the pros and cons of flexible labour markets.

UK manufacturing contracts slightly

2013-05-01 11:57

British manufacturing contracted by the narrowest of margins in April, and much less than expected, the first major set of data for the second quarter of the year showed.

British manufacturing output slumps

2013-03-12 14:28

Britain's manufacturing output slumped by 1.5% in January compared with December, dealing a fresh blow to the country's hopes of avoiding a fresh recession.

Britain clings to austerity

2013-02-24 13:00

British finance minister George Osborne insists that he will not abandon his deficit-cutting drive after Moody's stripped the country of its coveted triple-A debt rating.

Osborne sticking with UK austerity plan

2012-12-02 13:32

British finance minister George Osborne says that he will stick with his deficit-reduction programme when he presents a half-yearly fiscal statement this week.

Olympics lift Britain out of recession

2012-10-25 11:56

Britain has stormed out of its longest double-dip recession since the 1950s after its economy returned to growth in the third quarter with a robust gain of 1%.

British unemployment drops to 7.9%

2012-10-17 12:31

The number of unemployed people in recession-hit Britain fell by 50 000 to 2.53 million in the quarter to August, official data show.

Britain to unveil 'business bank'

2012-09-24 11:17

British business minister Vince Cable will launch plans to inject £1bn into a new "business bank" in a bid to cut borrowing costs for firms.

Emergency tax on cards for UK rich

2012-08-29 09:05

British Deputy Prime Minister Nick Clegg says the country's wealthiest must shoulder a bigger burden while the country fights an "economic war".

Britain sinks deeper into recession

2012-07-25 11:29

Britain's economy shrank far more than expected in the second quarter of 2012, battered by everything from an extra holiday to budget austerity.

UK recession deepens

2012-05-24 12:00

Britain fell deeper into recession than initially thought in the first quarter of 2012, upping chances that the central bank could inject more stimulus into the economy.

Lloyds warns of long UK recovery

2012-05-01 11:12

British bank Lloyds warned of a "long and difficult" path to economic recovery as it set aside an extra £375m to compensate people mis-sold insurance.

Britain budget to drive down deficit

2012-03-21 12:38

The British government unveils its third austerity budget in a row to cut a huge deficit but was expected to lower the top rate of income tax for the highest earners.

UK youth unemployment hits record high

2012-03-14 12:31

Britain's jobless rate stayed at 8.4% while that of youth rose above 20%, to a new high in January.

Lib Dems target rich with 'tycoon tax'

2012-03-12 10:58

Britain's Liberal Democrats have proposed tougher taxes on the rich as part of the party's bid to regain flagging support.

BoE ups QE to shield economy from eurozone

2012-02-09 15:30

The Bank of England has extended its quantitative easing programme by £50bn and left interest rates at an historic low, in a bid to shore up the economic recovery.

 

UK home owners wary of rate hikes

2014-10-02 13:22

Almost a fifth of British mortgage holders say they would "really struggle" with any increase in interest rates.

Scots on a knife-edge

2014-09-11 07:07

Will Scotland vote for a Disunited Kingdom of Little Britain, asks Leopold Scholtz.

Prepared firms cash in on UK recovery

2014-04-27 16:37

Precision engineering firm JJ Churchill invested heavily in machinery even as orders plunged, betting that when demand returned it would be ready for it.

UK wages unlikely to rise before mid-2014

2013-11-14 11:50

Britons should not expect their wages to rise in real terms until mid-2014 despite a strengthening economy, says Bank of England governor Mark Carney.

Doubts over UK 'no work' contracts

2013-07-12 09:26

The rapid growth of 'zero-hours contracts' helps explain how Britain's barely growing economy can provide a record number of jobs, but not eveyone is a fan.

UK’s Labour moots new company tax plan

2013-05-19 17:32

Britain's opposition Labour party, tapping into widening public anger over corporate tax avoidance, wants the government to push for new international rules.

Britain awaits tough new budget

2013-03-20 08:08

Britain's government is set to unveil plans to grow the country's recession-threatened economy, despite insisting on greater state savings.

UK sterling takes a pounding

2013-03-12 13:32

Sterling slipped to a fresh two-and-a-half year low against the dollar after dismal British manufacturing data revived fears of another recession.

Britain on brink of new recession

2013-01-25 13:50

The UK economy shrank 0.3% in the final quarter of 2012, a year in which it recorded zero growth, placing the country on the brink of recession.

UK over-50s ignorant about retirement

2012-12-02 09:36

Britain's over-50s are in blissful ignorance of how little their pension pots will pay out and need an urgent financial health check, an industry report says.

Britain set to officially exit recession

2012-10-21 00:42

Britain is set to confirm its official exit from a deep recession, although a return to growth would not signal a rosy future for the country's economy, a say analysts.

UK scraps 'flawed' £6bn rail deal

2012-10-03 11:32

Britain has cancelled a £6bn deal to award one of the country's biggest railway franchises to FirstGroup, blaming officials for mistakes in the bidding process.

UK economy misses out on Olympic gold

2012-08-12 16:01

Analysts say while Britain's construction sector benefited hugely before the Olympics, the sporting spectacle had not delivered significant financial rewards.

BoE injects £50bn to boost UK economy

2012-07-05 14:02

The Bank of England will launch a round of monetary stimulus by restarting its printing presses and buying £50bn of asset purchases with newly created money.

Britain to cut top income tax rate to 45%

2012-03-21 16:53

British finance minister George Osborne says that the government will cut the top rate of income tax to 45%.

Britain to consider privatising roads

2012-03-19 07:55

The UK will examine the potential for privatising parts of its road network as it looks at ways of upgrading infrastructure, Prime Minister David Cameron says.

Lloyds, RBS announce 1 900 job cuts

2012-03-13 16:59

Unions want the British government to intervene in plans by Lloyds and Royal Bank of Scotland, which are partly state-owned, to axe 1900.

UK slammed for 'slave labour' scheme

2012-02-26 12:08

Britain's government has been accused of introducing "slave labour" through a scheme that can see unemployed youth lose their benefits if they quit a work experience placement.

UK 'will stick to debt-cutting plans'

2012-02-14 12:06

UK Finance Minister George Osborne vows Britain won't stray from its debt-cutting measures, after Moody's threatened to downgrade the nation's credit rating.

Now UK rail chief waives annual bonus

2012-02-06 17:24

The head of Britain's Network Rail has given up his annual bonus amid public anger over high pay for executives at state-supported firms.

RBS chief waives bonus

2012-01-30 07:23

The CEO of Royal Bank of Scotland has decided to waive a bonus worth almost £1m, after the handout angered Britons bearing the brunt of government austerity measures.

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