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Mar 27, 2014

Retail sales jump, boding well for first-quarter growth

LONDON (Reuters) – British retail sales rose much faster than forecast in February, suggesting that the economy’s solid recovery extended into the first quarter of the year, official data showed on Thursday.

Sales volumes compared with January increased at three times the pace expected in a Reuters poll, pushing up the pound. On a less volatile measure, over the three months to February they rose at their strongest pace since August last year.

Mar 27, 2014

UK retail sales jump in Feb, boding well for Q1 growth

LONDON, March 27 (Reuters) – British retail sales rose much
faster than forecast in February, suggesting that the economy’s
solid recovery extended into the first quarter of the year,
official data showed on Thursday.

Sales volumes compared with January increased at three times
the pace expected in a Reuters poll, pushing up the pound. On a
less volatile measure, over the three months to February they
rose at their strongest pace since August last year.

Mar 26, 2014

CBI slams Scotland’s plans for independence

LONDON (Reuters) – Britain’s top business lobby added its voice on Wednesday to warnings against a “yes” vote in September’s referendum on Scottish independence.

The Confederation of British Industry said the Scottish government had no credible plan for bringing down the budget deficit and lacked clarity on what currency it will use and on its future relationship with the European Union.

Mar 26, 2014

UK employers slam Scotland’s plans for independence

LONDON, March 26 (Reuters) – Britain’s top business lobby
added its voice on Wednesday to warnings against a “yes” vote in
September’s referendum on Scottish independence.

The Confederation of British Industry said the Scottish
government had no credible plan for bringing down the budget
deficit and lacked clarity on what currency it will use and on
its future relationship with the European Union.

Mar 25, 2014

UK inflation hits new four-year low, wages still lag

LONDON (Reuters) – British inflation fell to its lowest in more than four years in February, easing pressure on Britons’ living standards ahead of next year’s election and dipping further below the Bank of England’s 2 percent target.

Prices have been rising faster than pay almost continually since the start of the financial crisis in early 2008, and the fall in living standards despite recent strong economic growth is a major line of attack by the opposition Labour Party.

Mar 19, 2014

Lower UK gilt issuance reflects new pensioner bond, says debt agency head

LONDON (Reuters) – Britain’s plans to sell fewer bonds than forecast in the coming financial year partly reflects the introduction of a new pensioner bond, the head of the country’s debt agency said on Wednesday.

The UK Debt Management Office said earlier that Britain would sell 128.4 billion pounds ($213 billion) of government bonds in the 2014/15 fiscal year, down from 153.4 billion pounds in 2013/14 and below a forecast of 150.5 billion pounds in a Reuters poll.

Mar 14, 2014

Britain to sell fewer bonds in 2014-2015 on better economic outlook

LONDON (Reuters) – Britain will sell slightly fewer government bonds in its coming fiscal year as stronger economic growth and better public finances reduce its borrowing needs, a Reuters survey showed on Friday.

The median forecast from a poll of 14 primary dealers over the past week is for the Debt Management Office to issue 150.5 billion pounds ($251 billion) of gilts in the year starting in April – less than the 153.7 billion pounds that it plans to sell in 2013-2014.

Mar 12, 2014

British EU vote unlikely before 2020 if Labour wins power, Miliband says

LONDON (Reuters) – A future Labour government would only hold a referendum on Britain’s membership of the European Union before 2020 if more powers were transferred to Brussels, party leader Ed Miliband will say Wednesday.

Prime Minister David Cameron has promised to try to reach a new settlement with the EU before holding an in/out referendum by the end of 2017, provided he wins the May 2015 election.

Mar 6, 2014

Bank of England holds fire after forward guidance overhaul

LONDON (Reuters) – The Bank of England kept interest rates unchanged on Thursday, seeking to give the economy more time to build before removing its stimulus.

The BoE left its Bank rate at 0.5 percent, where it has stood since March 2009, during the depths of the financial crisis from which Britain’s economy has not yet fully recovered.

Mar 3, 2014

Manufacturing and lending data augur well for UK economy

LONDON, March 3 (Reuters) – British manufacturing
strengthened last month and mortgage approvals hit their highest
level in January since November 2007, data showed on Monday,
underlining the momentum behind the country’s economic recovery.

Hiring in factories picked up at the fastest rate since May
2011, according to a survey gauging manufacturing activity,
while new orders continued to pile in.

    • 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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