UK Economics Correspondent, London
Andy's Feed
Jan 2, 2015

UK recovery more lopsided as manufacturing slips, consumer loans soar

LONDON (Reuters) – Hopes that Britain’s economic recovery will become less reliant on big-spending consumers ebbed further on Friday as data showed manufacturing growth weakened at the end of last year while lending to individuals soared.

Sterling hit a 16-month low after the Markit/CIPS UK Manufacturing Purchasing Managers’ Index, a closely-watched monthly business survey, hit a three-month low in December, missing all forecasts in a Reuters poll.

Dec 30, 2014

Health worker with Ebola transferred to London hospital

LONDON (Reuters) – A health worker who was the first person diagnosed in Britain with Ebola arrived at a London hospital from Scotland early on Tuesday for treatment after contracting the disease in West Africa.

The woman arrived at the Royal Free hospital, Britain’s designated Ebola treatment center, in an ambulance accompanied by several police vehicles, a Reuters witness said.

Dec 19, 2014

UK public finances improve in November, helped by forex fines

LONDON (Reuters) – Britain’s public finances improved in November helped by fines paid by banks for a foreign exchange scandal, giving some respite to finance minister George Osborne as he tries to show voters he can keep on bringing down the deficit.

Separately, retailers reported booming sales, underscoring how consumers are propelling Britain’s strong economic recovery.

Dec 18, 2014

‘Black Friday’ discounts lift UK retail sales growth to 10-year high

LONDON (Reuters) – British retail sales surged at their fastest annual rate in more than a decade last month, as U.S.-style “Black Friday” discounts drove record sales growth at electrical and department stores.

Strong economic growth and a recent drop in the price of essentials such as food and fuel appears to be finally starting to translate into higher spending on big-ticket items by many households, after years of falls in disposable income.

Dec 17, 2014
Dec 17, 2014
Dec 17, 2014
Dec 17, 2014

UK earnings rise again, helping Cameron in election pitch

LONDON (Reuters) – British workers’ earnings grew more than inflation again in October, giving a bit more help to Prime Minister David Cameron to tackle criticism of a cost-of-living crisis ahead of national elections in May.

Official data released on Wednesday also showed the unemployment rate did not fall as expected but remained unchanged at 6.0 percent in the three months to October, matching its lowest level in six years.

Dec 16, 2014

UK inflation falls sharply in November to 12-year low

LONDON (Reuters) – British inflation fell unexpectedly to its lowest level in more than 12 years in November, further easing a squeeze on consumers and leaving the Bank of England under no pressure to raise interest rates soon.

Reflecting a slide in global oil prices that has pushed down inflation around the world, and raised concerns about deflation in some countries, the consumer price index rose by an annual 1.0 percent in November, compared with 1.3 percent in October, the Office for National Statistics said on Tuesday.

Dec 11, 2014

Bank of England to publish minutes faster, cut number of policy meetings

LONDON, Dec 11 (Reuters) – The Bank of England said on
Thursday that it wanted to cut the number of monetary policy
meetings it holds to eight a year from 12, and that from August
2015 it would publish minutes of its discussions immediately
after policy decisions.

British finance minister George Osborne said he backed the
changes, which are the biggest adjustment to the organisational
framework for BoE monetary policy decisions since the central
bank gained independent power over policy in 1998.