LONDON, July 31 (Reuters) – British house prices stagnated
in July after strong growth last month, cooled by tougher checks
on mortgage lending, a survey from lender Nationwide showed on
House prices gained just 0.1 percent month-on-month, the
slowest pace since April last year and down from 1.0 percent in
U.S. Q2 advance GDP 4.0%, much higher than the Reuters median of 3.0%. Forecasts from 97 economists ranged from 2.3% to 5.2%.
But it seemed a little less sure on how forward guidance – the Bank’s cornerstone policy since Governor Mark Carney took charge last year – has fared so far.
LONDON (Reuters) – Britain’s economy is now bigger than it was before the financial crisis struck six years ago after strong growth in the second quarter that keeps it on track to lead the way among developed countries this year.
The return to its pre-crisis size comes years after other major economies passed the same landmark but will be a relief for the government ahead of a national election in 2015.