UK Economics Correspondent, London
Andy's Feed
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.

Mar 26, 2015

UK retail sales improve in Feb, boding well for economy

LONDON, March 26 (Reuters) – British retail sales rose at
the fastest pace in three months in February, beating
expectations and suggesting Britain’s consumer-led economic
recovery remains strong ahead of national elections in May.

Retail sales rose 0.7 percent last month, their best growth
since November and up from 0.1 percent in January, the Office
for National Statistics said on Thursday. Economists polled by
Reuters had expected growth of 0.4 percent.

Mar 24, 2015

Scotland’s Salmond targets Westminster seat for next nationalist push

INSCH, Scotland (Reuters) – Scotland may have said ‘No’ to independence last year, but Alex Salmond, who has campaigned for 30 years to break away from the United Kingdom, believes a tie-breaker British election next month could offer a chance to put the question again.

Since Scots voted 55-45 percent to preserve the United Kingdom in last September’s referendum, the country has seen a surge in nationalism. At the same time Britain’s two biggest political parties Labour and the Conservatives are neck and neck, watching a wider disaffection splinter their support.