UK Economics Correspondent, London
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Nov 5, 2014
Nov 5, 2014

UK’s rapid economic recovery set for end-of-year slowdown

LONDON (Reuters) – Britain’s rapid economic recovery could slow markedly in the final months of 2014 after uncertainty about the global economy started to hit domestic businesses last month, a closely watched survey showed on Wednesday.

Services companies such as banks, hotels and hairdressers which make up the bulk of Britain’s private sector saw growth slip to the lowest level since May 2013, according to the latest Markit/CIPS purchasing managers’ index (PMI).

Nov 5, 2014

UK’s rapid economic recovery set for end-of-year slowdown: survey

LONDON (Reuters) – Britain’s rapid economic recovery could slow markedly in the final months of 2014 after uncertainty about the global economy started to hit domestic businesses last month, a closely watched survey showed on Wednesday.

Services companies such as banks, hotels and hairdressers which make up the bulk of Britain’s private sector saw growth slip to the lowest level since May 2013, according to the latest Markit/CIPS purchasing managers’ index (PMI).

Nov 3, 2014

UK manufacturing surges, but weak exports cloud outlook

LONDON, Nov 3 (Reuters) – British manufacturing surged
unexpectedly last month as domestic strength helped factories
overcome the worst fall in export orders since January 2013,
caused by sagging demand from the euro zone.

Monday’s Markit/CIPS UK Manufacturing Purchasing Managers’
Index (PMI) rose to 53.2 from 51.5 to touch its highest level
since July, topping even the most optimistic of forecasts in a
Reuters poll and well above the 50 mark denoting expansion.

Oct 31, 2014
Oct 29, 2014
Oct 29, 2014
Oct 28, 2014
Oct 27, 2014

BoE’s Shafik sees no significant evidence of price pressures: FT

LONDON (Reuters) – The Bank of England will need to see more signs of price pressures building in Britain’s economy before it raises interest rates from record low levels, its deputy governor Minouche Shafik said on Monday.

In an interview with the Financial Times, Shafik said she saw “no significant evidence” that price pressures were mounting and that slack remained in the labor market – her most explicit comments on monetary policy since her appointment in August.

Oct 27, 2014

Bank of England’s Shafik sees no significant evidence of price pressures – FT

LONDON (Reuters) – The Bank of England will need to see more signs of price pressures building in Britain’s economy before it raises interest rates from record low levels, its deputy governor Minouche Shafik said on Monday.

In an interview with the Financial Times, Shafik said she saw “no significant evidence” that price pressures were mounting and that slack remained in the labour market – her most explicit comments on monetary policy since her appointment in August.