UK Economics Correspondent, London
Andy's Feed
Oct 24, 2014

Rapid UK recovery starts to slow from previous red-hot pace

LONDON (Reuters) – Britain still looks on track to outpace other advanced economies this year after rapid growth eased only slightly in the three months to September, but a euro zone slowdown could hamper the recovery in the run-up to next May’s election.

Official data on Friday showed the economy expanded by 0.7 percent in the third quarter, compared with 0.9 percent the quarter before – in line with forecasts in a Reuters poll.

Oct 24, 2014
Oct 24, 2014
Oct 24, 2014
Oct 24, 2014

Rapid UK economic growth slows slightly in Q3

LONDON (Reuters) – Britain’s rapid economic recovery eased in the three months to September, as services output growth slowed and manufacturing expanded at the weakest pace in 18 months, official data showed on Friday.

Gross domestic product expanded by 0.7 percent in the third quarter, compared with 0.9 percent the quarter before, in line with forecasts in a Reuters poll and above its long-run average.

Oct 24, 2014

Rapid UK economic growth slows slightly in third-quarter

LONDON (Reuters) – Britain’s rapid economic recovery eased in the three months to September, as services output growth slowed and manufacturing expanded at the weakest pace in 18 months, official data showed on Friday.

Gross domestic product expanded by 0.7 percent in the third quarter, compared with 0.9 percent the quarter before, in line with forecasts in a Reuters poll and above its long-run average.

Oct 24, 2014
Oct 23, 2014

UK’s rebounding economy sees slowing industrial orders, retail sales

LONDON, Oct 23 (Reuters) – Britain’s brisk economic recovery
is showing more signs of cooling after shoppers bought less,
exporters took a hit from Europe’s slump and banks approved the
fewest mortgages in more than a year.

Data released on Thursday underscored why the Bank of
England is signalling that it is in no rush to raise interest
rates, even as Britain’s economic growth continues to outpace
that of most other industrialised nations.

Oct 17, 2014

UK budget watchdog puts focus on labour market for new tax forecasts

LONDON (Reuters) – Britain’s independent budget watchdog said on Thursday it will work with tax authorities to look at how strong jobs growth but weak earnings have dented income tax revenues, before it makes new forecasts in December.

Labour income accounts for more than 40 percent of Britain’s tax revenue, and much of it has disappointed in the current 2014/15 financial year.

Oct 16, 2014