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Aug 28, 2015

Britain’s economic growth accelerates, helped by trade

LONDON (Reuters) – Britain’s economy gathered speed in the second three months of 2015, boosted by a jump in exports and business investment in the latest sign that the recovery is broadening out.

Official figures on Friday showed gross domestic product rose by 0.7 percent in the second quarter, confirming a preliminary reading, and up from 0.4 percent in the first quarter.

Aug 28, 2015

Britain’s economic growth accelerates in second quarter, helped by trade

LONDON (Reuters) – Britain’s economy gathered speed in the second three months of 2015, boosted by a jump in exports and business investment in the latest sign that the recovery is broadening out.

Official figures on Friday showed gross domestic product rose by 0.7 percent in the second quarter, confirming a preliminary reading, and up from 0.4 percent in the first quarter.

Aug 21, 2015

Surging tax take sends UK to first July budget surplus in 3 years

LONDON, Aug 21 (Reuters) – Britain’s public finances
recorded their first July surplus in three years, as the
country’s economic upturn spurred the strongest income tax
receipts for the month since records began in 1997.

Finance minister George Osborne welcomed Friday’s official
figures, which also showed July was the 12th successive month of
falling year-to-date public sector net borrowing, excluding
banks.

Aug 18, 2015

UK inflation inches up in July, core inflation hits five-month high

LONDON (Reuters) – British consumer prices rose in July and core inflation hit a five-month high, triggering market bets on the Bank of England moving slightly faster than previously expected once it starts raising interest rates.

The timing of the first hike remains unclear, however, comments from economists suggested.

Aug 17, 2015

BoE’s Forbes highlights policy paradox for UK rate-setters

LONDON, Aug 17 (Reuters) – Bank of England official Kristin
Forbes has become the latest rate-setter to highlight the bank’s
central dilemma: how to square a strong domestic economy, which
points to higher interest rates, with global disinflationary
forces.

Forbes sent the pound higher against the euro after she
warned Britain’s economic recovery could be damaged if the BoE
waits too long before raising interest rates.

Aug 12, 2015

Lower bonuses hit UK wage growth, jobless rate steady

LONDON (Reuters) – British wage growth fell to a three-month low in June and rapid gains in employment seen over the past couple of years ground to a halt, official figures showed Wednesday, reinforcing the view that the Bank of England is in no rush to raise interest rates.

Headline annual earnings growth fell sharply to 2.4 percent in the three months to June from 3.2 percent in the three months to May, the Office for National Statistics said, after a fall in bonuses took a bigger toll than economists had forecast.

Aug 7, 2015

UK trade gap narrows in second-quarter but rebound seen fleeting

LONDON (Reuters) – Britain’s trade deficit with the rest of the world narrowed markedly in the second quarter and looks set to boost economic growth, although analysts warned that the improvement may not last.

Official figures on Friday showed the biggest surge in goods export volumes in more than nine years in the three months to the end of June, while Britain’s total goods and services deficit fell to its lowest level in four years.

Aug 7, 2015

UK trade gap narrows but rebound seen fleeting

LONDON (Reuters) – Britain’s trade deficit with the rest of the world narrowed markedly in the second quarter and looks set to boost economic growth, although analysts warned that the improvement may not last.

Official figures on Friday showed the biggest surge in goods export volumes in more than nine years in the three months to the end of June, while Britain’s total goods and services deficit fell to its lowest level in four years.

Jul 29, 2015

UK mortgage lending jumps in June, business lending plunges

LONDON (Reuters) – British mortgage lending picked up strongly in June, adding to signs that the housing market is regaining momentum, but a sharp drop in lending to businesses was a reminder that the economic recovery has yet to find a sounder footing.

The value of mortgage lending rose by the largest amount in almost seven years, while there was a renewed rise in mortgage approvals, Bank of England figures on Wednesday showed.

Jul 3, 2014

UK services sector growth slows in June, but Q2 prospects still bright

LONDON (Reuters) – Growth in Britain’s dominant services industry slowed more than expected in June, but the economy as a whole appears to have expanded robustly over the past three months, a survey showed on Thursday.

British government bonds outperformed and sterling eased off recent near-six-year highs after the monthly services purchasing managers’ index (PMI) dropped to a three-month low of 57.7 -having hit its highest so far this year in May.

    • About Ana

      "Ana Nicolaci da Costa is UK Economics Correspondent, covering monetary and fiscal policy in London. Ana previously worked as Reuters' Economics Correspondent in Brasilia and covered European markets, including the euro zone debt crisis. She began working for Reuters in 2004 in London, after an internship at the Financial Times. Ana has a Master's degree from the University of London and studied political science as an undergraduate at the University of Nottingham and Institut d'Etudes Politiques de Paris."
      Joined Reuters:
      2004
      Languages:
      English, Portuguese, French, German, Spanish
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