UK Economics Correspondent, London
Andy's Feed
Jun 17, 2014
Jun 17, 2014
Jun 17, 2014
Jun 17, 2014

UK inflation falls to 4 1/2-year low in May, but house prices soar

LONDON, June 17 (Reuters) – British inflation slumped to a 4
1/2-year low last month but house prices surged in April,
according to data that clouded the view for Bank of England
policymakers gauging Britain’s economic recovery.

Consumer price inflation dropped to 1.5 percent in May from
1.8 percent in April, its lowest since October 2009, after the
first year-on-year fall in food prices since 2006, the Office
for National Statistics said on Tuesday.

Jun 17, 2014
Jun 17, 2014
Jun 12, 2014

Cable urges BoE to clamp down on risky mortgages

LONDON (Reuters) – Business minister Vince Cable on Thursday urged the Bank of England on clamp down on mortgages with high loan-to-income ratios to stop booming house prices from harming the economy.

Speaking ahead of keynote annual addresses to London’s financial community by Chancellor George Osborne and Bank of England Governor Mark Carney, Cable said he was “concerned” about rising house prices.

Jun 12, 2014

UK business minister urges BoE to clamp down on risky mortgages

LONDON, June 12 (Reuters) – British business minister Vince
Cable on Thursday urged the Bank of England on clamp down on
mortgages with high loan-to-income ratios to stop booming house
prices from harming the economy.

Speaking ahead of keynote annual addresses to London’s
financial community by finance minister George Osborne and Bank
of England Governor Mark Carney, Cable said he was “concerned”
about rising house prices.

Jun 12, 2014
Jun 12, 2014

Housing upturn not like booms of the past – BoE’s Broadbent

LONDON (Reuters) – Britain’s housing market upturn bears little resemblance to the debt-fuelled booms of the past, Bank of England policymaker Ben Broadbent said on Wednesday, adopting a more relaxed tone on housing risks than some of his peers.

Last week the International Monetary Fund urged Britain to cool its housing market, and figures from mortgage lender Halifax showed house prices rose at the fastest annual rate in more than six years in May.