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Economic News

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  Budget preview: The election starts here

  Friday 19 Mar 2010

  It won’t be mentioned, but like the proverbial elephant in the room, the election will dominate next week’s Budget. Read More

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  Bank of England's Sentance sees double-dip risk

  Friday 19 Mar 2010

  Andrew Sentence, a member of the Bank of England’s Monetary Policy Committee (MPC), has said there was still some risk of a double-dip recession, suggesting that there are unlikely to be any change... Read More

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  Carmakers crank up production in Feb

  Thursday 18 Mar 2010

  UK car production rose for the fourth month in a row in February, surging 63% as the weak pound made British goods more attractive to overseas buyers. Read More

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  Mortgage lending recovers slightly

  Thursday 18 Mar 2010

  Mortgage lending edged back up in February after a sharp fall in January that followed the end of a stamp duty holiday, new figures from the Council of Mortgage Lenders (CML) show. Read More

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  Darling on course to beat deficit forecast

  Thursday 18 Mar 2010

  Britain’s public finances were in a better state than expected in February, making it highly likely the country’s annual deficit will be far less than forecasts of a mighty £178bn. Read More

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  EU criticises UK and others over deficits

  Wednesday 17 Mar 2010

  Britain's growth forecasts are too optimistic and it is not doing enough to cut debts, a widely-leaked report by the European Commission affirmed today. Read More

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  No surprises as BoE votes 9-0 to hold rates

  Wednesday 17 Mar 2010

  The Bank of England has confirmed that its Monetary Policy Committee (MPC) voted unanimously in favour of keeping interest rates unchanged at its meeting earlier this month. Read More

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  UK unemployment falls sharply

  Wednesday 17 Mar 2010

  The number of people claiming unemployment benefits fell unexpectedly last month, figures from the Office of National Statistics (ONS) show. Read More

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  Sterling shrugs off critical EU report

  Tuesday 16 Mar 2010

  The Chief Secretary to the Treasury, Liam Byrne, has hit back at suggestions in a leaked European Commission report that the UK government’s strategy for reducing the budget deficit is not ambitiou... Read More

• OFT wants overdraft opt-out

  Tuesday 16 Mar 2010

  The Office of Fair Trading has proposed new guidelines for banks to improve their dealings with current account customers, but consumer groups again expressed disappointment over the measures. Read More

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  DCLG confirms January house price boom

  Tuesday 16 Mar 2010

  House prices jumped 2.2% in January, according to the Department for Communities and Local Government, with low interest rates and affordable prices driving growth. Read More

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  EU warns Britain over deficit

  Tuesday 16 Mar 2010

  Prime minister Gordon Brown will be told by the European Commission to take more action to reduce Britain's soaring debt burden, according to early drafts of Brussels' latest assessment of the UK's... Read More

• Fickle Britons ditch pitta for garlic bread

  Monday 15 Mar 2010

  Garlic bread and lip gloss are in, pitta bread and lipstick are out, following the latest revisions to the basket of goods used to calculate UK inflation. Read More

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  MPC member's comments rattle sterling

  Monday 15 Mar 2010

  Comments by Bank of England Monetary Policy Committee Kate Barker over the week-end put a dent in sterling’s value this morning. Read More

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  House price growth stalls

  Monday 15 Mar 2010

  The recent recovery in UK house prices appears to have run out of steam as asking prices rose by the smallest amount on record for the month of March. Read More

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  Financial Services Authority turns proactive

  Friday 12 Mar 2010

  The Financial Services Authority (FSA) is to begin a pro-active approach to root out mis-selling in the financial services market. Read More

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  FSA to be more proactive on mis-selling

  Friday 12 Mar 2010

  Financial products could be vetted before they are allowed to go on sale under new proposals unveiled by the Financial Services Authority. Read More

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  Mortgage lending halves in January

  Friday 12 Mar 2010

  Further evidence that housing activity suffered a dramatic downturn at the start of this year emerged today, with the weather and cut in the stamp duty threshold to blame. Read More

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  Lehman 'gimmicks' disguised insolvency

  Friday 12 Mar 2010

  Former bosses at Lehman Brothers have been heavily criticised for employing an accounting "gimmick" that managed to hide the failed bank’s insolvency. Read More

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  Scottish Power to cut gas bills

  Thursday 11 Mar 2010

  Scottish Power has become the latest energy supplier to cut gas bills, lowering them by 8%. Read More