UK Economics Correspondent, London
Andy's Feed
Jun 26, 2014
Jun 26, 2014
Jun 25, 2014

Gilt market can cope with any outcome to Scottish referendum – UK debt chief

LONDON, June 25 (Reuters) – Britain’s government bond market
will be able to handle any volatility surrounding the referendum
on Scottish independence, the head of the UK Debt Management
Office (DMO) said on Wednesday.

The UK debt agency acknowledged that the Sept. 18
independence vote could cause volatility, Robert Stheeman told a
Euromoney conference, but he said that markets were “incredibly
efficient” in reacting to such major events.

Jun 25, 2014

Bank of England nudges back early rate hike bets

LONDON (Reuters) – Bank of England Governor Mark Carney pushed back slightly on Tuesday against expectations that the bank will raise interest rates before the end of the year, saying Britain’s economy still has plenty of slack to work through.

He also said financial markets underestimate how much uncertainty there is in the economy.

Jun 24, 2014

Bank of England nudges back early rate hike bets, says markets underestimate uncertainty

LONDON, June 24 (Reuters) – Bank of England Governor Mark
Carney pushed back slightly on Tuesday against expectations that
the bank will raise interest rates before the end of the year,
saying Britain’s economy still has plenty of slack to work
through.

He also said financial markets underestimate how much
uncertainty there is in the economy.

Jun 23, 2014
Jun 23, 2014
Jun 20, 2014
Jun 20, 2014

UK May public finances show little sign of lower borrowing

LONDON (Reuters) – Britain’s public finances showed little or no fall in underlying borrowing two months into the fiscal year, suggesting the government will have to increase the pace of deficit reduction to meet its latest borrowing targets.

Official data on Friday showed headline measures of borrowing were sharply higher than a year ago – largely due to one-off effects – and only weak growth in tax receipts despite a stronger economy.

Jun 20, 2014