UK Economics Correspondent, London
Andy's Feed
Dec 5, 2014
Dec 5, 2014
Dec 5, 2014
Dec 4, 2014

Bank of England keeps rates on hold at record low

LONDON (Reuters) – The Bank of England kept interest rates at a record low on Thursday as policymakers gave more weight to the risks from low inflation and a weak global economic outlook than to a strong recovery at home.

The BoE’s Monetary Policy Committee, as expected, left its Bank rate at 0.5 percent, where it has been since the depths of the financial crisis nearly six years ago, and made no statement.

Dec 3, 2014

Treasury says will pay off World War One-era debt in full next March

LONDON (Reuters) – Britain will pay off all of its debt used to fund World War One next March, when it redeems a government bond first issued more than 80 years ago to help pay for the conflict.

The finance ministry said on Wednesday that it would redeem the 1.9 billion pound ($3 billion), 3.5 percent War Loan — a perpetual bond which means it has no fixed maturity date — on March 9 next year.

Dec 3, 2014
Dec 3, 2014

Britain says will pay off World War One-era debt in full next March

LONDON (Reuters) – Britain will pay off all of its debt used to fund World War One next March, when it redeems a government bond first issued more than 80 years ago to help pay for the conflict.

The finance ministry said on Wednesday that it would redeem the 1.9 billion pound ($3 billion), 3.5 percent War Loan — a perpetual bond which means it has no fixed maturity date — on March 9 next year.

Nov 26, 2014
Nov 26, 2014
Nov 25, 2014