UK Economics Correspondent, London
Andy's Feed
Nov 21, 2014
via MacroScope

Teachers, leisure workers the biggest losers from UK’s wage woes

Teaching staff and leisure workers have taken the biggest hit to their take home pay in real termsĀ over the last three years, according to the latest edition of Britain’s most comprehensive survey of the labour market.

The Office for National Statistics’ Annual Survey of Hours and Earnings (ASHE) showed that median gross weekly earnings for teaching and educational professionals have increased just 0.5 percent between 2011 and 2014, compared with a 7.4 percent rise in inflation from April 2011 to April 2014 — the reference dates for the survey.

Nov 21, 2014

UK public finances improve in October, remain far off-track

LONDON (Reuters) – Britain’s public finances improved slightly in October but finance minister George Osborne is still unlikely to meet his budget goals before next year’s general election.

Osborne said in March he aimed to slim the budget deficit by more than 10 percent over the following 12 months, helped by Britain’s fast-recovering economy.

Nov 21, 2014

UK public finances improve, but remain far off-track

LONDON (Reuters) – Britain’s public finances improved slightly in October but Chancellor George Osborne is still unlikely to meet his budget goals before next year’s general election.

Osborne said in March he aimed to slim the budget deficit by more than 10 percent over the following 12 months, helped by Britain’s fast-recovering economy.

Nov 20, 2014
Nov 20, 2014
Nov 19, 2014

Differences appear within majority of BoE rate-setters

LONDON (Reuters) – Differences over the risks to Britain’s economy surfaced this month among the Bank of England officials who have voted to keep interest rates on hold, complicating the outlook for monetary policy.

Minutes of the Monetary Policy Committee’s Nov. 5-6 meeting showed its members voted 7-2 for the fourth month in a row to maintain rates at their record low 0.5 percent, where they have been since early 2009 when the financial crisis was raging.

Nov 19, 2014

Differences appear within majority of Bank of England rate-setters

LONDON (Reuters) – Differences over the risks to Britain’s economy surfaced this month among the Bank of England officials who have voted to keep interest rates on hold, complicating the outlook for monetary policy.

Minutes of the Monetary Policy Committee’s Nov. 5-6 meeting showed its members voted 7-2 for the fourth month in a row to maintain rates at their record low 0.5 percent, where they have been since early 2009 when the financial crisis was raging.

Nov 18, 2014
Nov 18, 2014

Inflation edges up in October from five-year low

LONDON (Reuters) – British inflation edged up in October from a five-year low but prices are expected to weaken again soon, underscoring why the Bank of England is signalling it won’t start to raise interest rates until well into next year.

Consumer prices rose by an annual 1.3 percent in October, in line with economists’ forecasts in a Reuters poll and slightly higher than September’s 1.2 percent, the Office for National Statistics said on Tuesday.

Nov 18, 2014

British inflation edges up in October from five-year low

LONDON, Nov 18 (Reuters) – British inflation edged up in
October from a five-year low but prices are expected to weaken
again soon, underscoring why the Bank of England is signalling
it won’t start to raise interest rates until well into next
year.

Consumer prices rose by an annual 1.3 percent in October, in
line with economists’ forecasts in a Reuters poll and slightly
higher than September’s 1.2 percent, the Office for National
Statistics said on Tuesday.