UK Economics Correspondent, London
Andy's Feed
Apr 21, 2015

Insight – New risks as young Londoners priced out of housing market

LONDON (Reuters) – Last weekend, London couple Vicki Clayton and James Renhard left behind cramped bedrooms that smelt of smoke, housemates who stole their food and a landlord who kept his deposit, and moved into a rented flat of their own.

Buying a home is not an option.

“I don’t know where the extra money to put away for a deposit is going to come from,” said Renhard, 34, a law graduate who works as a website editor. “Aside from a mystery benefactor or a lottery win.”

Apr 21, 2015

New risks as young Londoners priced out of housing market

LONDON, April 21 (Reuters) – Last weekend, London couple
Vicki Clayton and James Renhard left behind cramped bedrooms
that smelt of smoke, housemates who stole their food and a
landlord who kept his deposit, and moved into a rented flat of
their own.

Buying a home is not an option.

“I don’t know where the extra money to put away for a
deposit is going to come from,” said Renhard, 34, a law graduate
who works as a website editor. “Aside from a mystery benefactor
or a lottery win.”

Apr 17, 2015

Insight – In Labour’s Scottish bastion, nationalists prepare an upset

GLASGOW/LONDON (Reuters) – In Scotland’s biggest city, nationalists have triggered a once-in-a-century shift in political loyalties that could dash Labour leader Ed Miliband’s dreams of winning the May 7 election and thrust secessionist ‘kingmakers’ to the heart of British power.

The shifting currents in Glasgow, the citadel of Scottish socialism for more than a century, show the seriousness of the nationalists’ bid to end Labour’s dominance of Scotland, a significant change in recent British political history.

Apr 17, 2015

In Labour’s Scottish bastion, nationalists prepare an upset

GLASGOW/LONDON April 17 (Reuters) – In Scotland’s biggest
city, nationalists have triggered a once-in-a-century shift in
political loyalties that could dash Labour leader Ed Miliband’s
dreams of winning the May 7 election and thrust secessionist
‘kingmakers’ to the heart of British power.

The shifting currents in Glasgow, the citadel of Scottish
socialism for more than a century, show the seriousness of the
nationalists’ bid to end Labour’s dominance of Scotland, a
significant change in recent British political history.

Apr 10, 2015

UK economy heading for Q1 slowdown as election approaches

LONDON (Reuters) – Britain’s economic growth probably slowed in early 2015, official data showed on Friday, potentially making it harder for Prime Minister David Cameron to persuade voters to trust his party to run the economy.

Industrial output barely grew in February, hit by a big fall in oil and gas production, and construction output shrank, according to official data that was weaker than forecast.

Apr 10, 2015

UK economy heading for first-quarter slowdown as election approaches

LONDON (Reuters) – Britain’s economic growth probably slowed in early 2015, official data showed on Friday, potentially making it harder for Prime Minister David Cameron to persuade voters to trust his party to run the economy.

Industrial output barely grew in February, hit by a big fall in oil and gas production, and construction output shrank, according to official data that was weaker than forecast.

Apr 9, 2015

UK trade deficit worsens in February

LONDON (Reuters) – Britain’s trade deficit widened more than expected in February, official figures showed on Thursday, suggesting the strong pace of economic recovery could cool slightly ahead of next month’s election.

The trade in goods deficit widened to a seven-month high in February and the value of monthly exports hit a more than four-year low. Furthermore, trade data for January was revised to show a weaker start to the year than previously thought.

Apr 9, 2015

UK trade deficit worsens in Feb as exports sag to 4-year low

LONDON (Reuters) – Britain’s trade deficit widened more than expected in February, official figures showed on Thursday, suggesting the strong pace of economic recovery could cool slightly ahead of next month’s national election.

The trade in goods deficit widened to a seven-month high in February and the value of monthly exports hit a more than four-year low. Furthermore, trade data for January was revised to show a weaker start to the year than previously thought.

Apr 7, 2015

Bank of England to keep close eye on UK current account deficit

LONDON (Reuters) – Britain’s large current account deficit could damage market sentiment towards the country if the economic environment deteriorates, the Bank of England said on Tuesday.

Minutes from the BoE’s Financial Policy Committee meeting on March 24 showed members were worried about Britain’s current account deficit, noting it was high by historical standards.

Mar 31, 2015

UK growth revised higher at end of 2014, boosted by exports

LONDON (Reuters) – Britain’s economy expanded at a faster pace than previously thought at the end of last year, helped by strong growth in exports, a boost for Prime Minister David Cameron before a national election on May 7.

Finance minister George Osborne also seized on data on Tuesday that showed household incomes rising at the fastest annual pace in more than four years.