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Economic News
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Stability in UK consumer confidence for March encouraging, GfK says
Thursday 28 Mar 2013
Consultancy GfK’s gauge of UK consumer confidence remained steady at -26 points for March. Read More
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UK GDP falls as tight credit weighs on consumption -UPDATE
Wednesday 27 Mar 2013
UK gross domestic product (GDP) dropped in the last quarter as industrial production and exports shrank, data showed Wednesday. Read More
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Bank of England identifies capital shortfall in UK banks
Wednesday 27 Mar 2013
The Bank of England’s Financial Policy Committee (FPC) has identified a 25 billion pound capital shortfall in UK financial institutions. Read More
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David Miliband leaves UK politics for US charity
Wednesday 27 Mar 2013
David Miliband, brother of Labour leader Ed Miliband, is stepping down as an MP to run New York charity, the International Rescue Committee (IRC). Read More
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Retail sales were weaker than expected in March, CBI says
Tuesday 26 Mar 2013
The Confederation of British Industry’s so-called 'diffusion index' for total retail sales fell to zero during the month of March. Read More
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UKAR repays four billion pounds to tax payers
Monday 25 Mar 2013
The UK government has been repaid four billion pounds by UK Asset Resolutions (UKAR), the bank that was established to wind-down the closed mortgage books held by Northern Rock and Bradford & Bingley ... Read More
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BBA posts fall in February mortgage numbers
Monday 25 Mar 2013
Mortage lending suffered a decline in February, the British Bankers' Association (BBA) said Monday, recording its lowest number of loans since July. Read More
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Arrival of 4G to deliver huge boost to economy
Monday 25 Mar 2013
Mobile shopping could more than double in 2013 as a result of 4G technology, research conducted on behalf of online retailer eBay has found. Read More
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Fitch Places United Kingdom on Rating Watch Negative
Monday 25 Mar 2013
Fitch Ratings placed the UK’s "AAA" Long-term Issuer Default Ratings on Rating Watch Negative on Friday March 22nd, indicating a heightened probability of a downgrade in the near term. Read More
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House prices stopped falling in England and Wales in March
Monday 25 Mar 2013
House prices in England and Wales stopped falling in March in year-on-year terms, to stand unchanged. Read More
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UK wholesale gas prices soar on technical fault at interconnector
Friday 22 Mar 2013
Wholesale gas prices in the UK have rocketed to a seven-year high after a technical fault caused a temporary shut down at one of the main import gas pipelines. Read More
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Retail sales rebound in February, data shows
Thursday 21 Mar 2013
Retail sales rose more than expected in February, boosted by strong demand for tablet devices, the Office for National Statistics (ONS) revealed Thursday. Read More
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BUDGET: Stamp duty on AIM traded shares to be abolished
Wednesday 20 Mar 2013
Stamp duty on growth markets such as AIM is to be abolished, the Chancellor George Osborne announced in his Budget on Wednesday. Read More
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BUDGET: Growth forecast cut, debt reduction delayed, OBR forecasts more jobs
Wednesday 20 Mar 2013
Chancellor George Osborne came to blows with the opposition at Wednesday’s UK Budget announcement as he said the economy will grow half as fast this year as previously expected. Read More
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BUDGET: Britain to tap into new sources of low cost energy
Wednesday 20 Mar 2013
In his Budget speech given in Parliament on Wednesday, Chancellor George Osborne announced plans for Britain to tap into new sources of low cost energy, such as shale gas. Read More
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BUDGET: Chancellor unveils plans for an 'aspiration nation'
Wednesday 20 Mar 2013
The 2013/14 Budget – for an “aspiration nation” - read out in the House of Commons by George Osborne on Wednesday, offered mixed bag and even a few surprises. Read More
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BUDGET: Osborne unveils corporation tax cuts
Wednesday 20 Mar 2013
Chancellor George Osborne said the government plans to cut the rate of corporation tax by another one per cent. Read More
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BUDGET: Live Budget updates
Wednesday 20 Mar 2013
13:30: George Osborne concludes by saying 2013 Budget is a budget for an aspiration nation. Read More
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BoE Governor King outvoted again, MPC minutes show
Wednesday 20 Mar 2013
The Bank of England's (BoE) latest meeting minutes reveal that none of the central bank's voting members have changed sides on quantitative easing. Read More
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Big banks boosted capital buffers in first half of 2012, says Basel
Tuesday 19 Mar 2013
The world’s largest banks boosted their core capital ratios significantly in the first half of 2012, according to the Basel Committee for Banking Supervision (BCBS) on Tuesday. Read More
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