UK Economics Correspondent, London
Andy's Feed
Dec 11, 2014
Dec 10, 2014
Dec 10, 2014

UK government plans to slash state spending unrealistic, say economists – Reuters poll

LONDON (Reuters) – Chancellor George Osborne’s plans to cut state spending to its lowest since the 1930s are unrealistic, according to a firm majority of economists polled by Reuters.

With less than five months before the next general election, Osborne last week sought to impress voters with new plans to put Britain’s budget back in the black before the end of the decade.

Dec 10, 2014
Dec 10, 2014
Dec 10, 2014

Poll – Government plans to slash state spending unrealistic, say economists

LONDON (Reuters) – Chancellor George Osborne’s plans to cut state spending to its lowest since the 1930s are unrealistic, according to a firm majority of economists polled by Reuters.

With less than five months before the next general election, Osborne last week sought to impress voters with new plans to put Britain’s budget back in the black before the end of the decade.

Dec 9, 2014

Factory output slides, but economy unlikely to slow much

LONDON (Reuters) – British manufacturing slumped unexpectedly in October after a strong September, but economists said the country’s economic recovery still looked set to slow only slightly at the end of 2014.

Sterling fell as data showed manufacturing production tumbled 0.7 percent, its first monthly decline since May, hit by a 4.5 percent fall in computer, electronic and optical products, possibly reflecting weak demand among German electronics firms.

Dec 5, 2014
via MacroScope

More Brits than ever have no idea where rates are going

So much for forward guidance. More Britons have no idea where interest rates are heading than since records began 15 years ago, according to the latest Bank of England/GfK NOP survey.

The poll of almost 2,000 people showed Britain’s public last month scaled back expectations that the Bank will raise rates from their record low 0.5 percent, where they’ve been for nearly six year. But there was a striking degree of uncertainty lurking underneath the headline findings:

Dec 5, 2014
Dec 5, 2014