Economy
Public sector net borrowing surplus due to Royal Mail windfallThe UK’s public finances recorded a record surplus in April, but it was due to a £28 billion transfer in from the Royal Mail's pension assets latest figures reveal. |
Row erupts as Hague tells businesses to work harderWilliam Hague is demanding that businesses work harder to boost the economy, but the British Chambers of Commerce said firms are 'straining every sinew' to deliver. |
Interest rates ‘set to stay at all-time low until 2013’Bank of England Governor Sir Mervyn King is expected to hint in Wednesday’s quarterly inflation report that interest rates will stay put until the end of next year. |
West Midlands leading England’s private sector growthThe West Midlands is still England’s fastest growing region, even outstripping London, figures published today by Lloyds TSB reveal. |
Bank of England's Quarterly Inflation Report dominates week aheadWe preview the economic week ahead that sees unemployment figures, trade deficit data and the Bank of England's Quarterly Inflation Report released. |
Consumer confidence falls back in AprilConsumer sentiment took a tumble in April as Brits struggled with a shrinking economy and continuing fears over job security, a new report reveals. |
UK economy set to remain flat for six months, warns NIESRThe UK economy grew fractionally over the past three months but remains weak, latest estimates from the National Institute for Social and Economic Research show. |
Service sector grows for 16th consecutive monthBritain’s services sector activity grew at a slower rate than expected in April, dropping to the lowest level since November, according to new figures. |
ONS confirms UK double-dip recessionThe UK economy has slipped into a double-dip recession, says the Office for National Statistics but this could be revised as economists question construction data. |
Government borrows more than expected – but hits targetGovernment borrowing went up to £18.2 billion last month, despite experts’ predictions that it would fall, official figures released today reveal. |
Economy weak, but UK will avoid recession, says BCCThe UK looks set to avoid a double-dip recession as the economy picked up at the start of this year, according to the British Chambers of Commerce. |
Queen’s Jubilee holiday could damage the economy, warns KingGovernor of the Bank of England, Sir Mervyn King, has warned that the extra Bank Holiday for the Queen’s Diamond Jubilee could harm the economy. |
Britain’s GDP for Q4 2011 revised down to -0.3%, says ONSUK economic growth in the fourth quarter of 2011 has been revised down to -0.3 per cent, according to official figures out today. |
UK has 1 in 2 chance of losing its AAA status, says FitchA second credit ratings agency has warned that the UK could lose its triple A status. Fitch said there is a 50:50 chance of being downgraded. |
No double-dip recession but UK growth will be weak, says BCCBritain’s economic growth will be weaker than previously predicted, but a double-dip recession will be avoided, the British Chamber of Commerce said today. |
Consumer confidence stays at highest level since JunePeople in the UK are feeling more upbeat and confident about their finances than they were at this time last year, a new survey suggests. |
Moody’s: UK ‘could lose its AAA credit rating’Rating agency Moody's has warned it may cut the UK's triple-A rating amid concerns over weak growth prospects and the impact of the Eurozone crisis. |
Double-dip recession 'not inevitable', but study predicts stagnationWhile the economy may not grow in the first quarter of 2012, it is not a dead cert for recession. |
UK couples find money a leading cause of argumentsMoney is at the root of many arguments in Britain, particularly for the over-40s, new research has found. |
Public sector strikes 'could cost UK economy £500 million'Next week's strikes over pensions could be costly and cause chaos for millions of Britons, ministers have said. |
Mervyn King: Financial crisis the 'worst ever'Mervyn King, the governor of the Bank of England, has likened the current financial gloom to the Great Depression of the 1930s. |
Miliband: Labour will regain lost trust on the economyThe Labour leader, Ed Miliband, has attacked "asset strippers" and those with "vested interests" but admits Labour has to regain the trust of people on the economy. |
UK 2nd quarter GDP growth remains at 0.2%, says ONSThe Office for National Statistics has confirmed second quarter growth stood at 0.2 per cent between April and June. |
Manufacturers rethink investment plans as confidence dips - CBIUK manufacturers are revaluating their investment strategies as confidence falls for the first time in two years, according to a poll. |
NIESR: UK economy "largely stagnant"A leading thinktank has said the UK economy has been stagnant over the last year and that weak consumer spending is stifling growth. |
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