UK Economics Correspondent, London
Andy's Feed
May 8, 2015

Scottish nationalists crush opponents, setting stage for new indepedence bid

GLASGOW/ABERDEEN (Reuters) – Scottish nationalists rampaged to victory north of the border in Britain’s national election, obliterating their opponents and setting the stage for a new battle over independence.

In an epic performance, the Scottish National Party (SNP) ousted the leader of the Labour party in Scotland, defeated a senior Labour figure in Paisley, and took former Prime Minister Gordon Brown’s onetime stronghold in Kirkcaldy.

May 1, 2015

British manufacturing cools before closely fought election

LONDON, May 1 (Reuters) – British manufacturing growth
slowed sharply in April, a survey showed on Friday, underlining
the uneven nature of an economic recovery that is at the heart
of a national election just six days away.

Separate data showed consumer lending rising sharply,
suggesting that the recovery is being driven by spending.

Apr 29, 2015

UK house price growth hits 10-month high in April

LONDON (Reuters) – British house prices rose in April at the fastest monthly pace since last June, a survey from mortgage lender Nationwide showed on Wednesday, in another sign the housing market might be starting to regain momentum.

Nationwide said house prices rose 1.0 percent in April, topping all forecasts in a Reuters poll of economists and compared with growth of 0.1 percent in March.

Apr 29, 2015

UK house price growth hits 10-month high in April -Nationwide

LONDON, April 29 (Reuters) – British house prices rose in
April at the fastest monthly pace since last June, a survey from
mortgage lender Nationwide showed on Wednesday, in another sign
the housing market might be starting to regain momentum.

Nationwide said house prices rose 1.0 percent in April,
topping all forecasts in a Reuters poll of economists and
compared with growth of 0.1 percent in March.

Apr 28, 2015

Sterling dips after UK growth data falls short

LONDON (Reuters) – Sterling fell from seven-week highs against the dollar on Tuesday after data showed the UK economy grew slower than expected in the first quarter.

The slide in quarterly gross domestic product growth to 0.3 percent — half that of the last three months of last year and below forecasts of 0.5 percent — quelled any expectations for a rise in interest rates this year.

Apr 21, 2015

Insight – New risks as young Londoners priced out of housing market

LONDON (Reuters) – Last weekend, London couple Vicki Clayton and James Renhard left behind cramped bedrooms that smelt of smoke, housemates who stole their food and a landlord who kept his deposit, and moved into a rented flat of their own.

Buying a home is not an option.

“I don’t know where the extra money to put away for a deposit is going to come from,” said Renhard, 34, a law graduate who works as a website editor. “Aside from a mystery benefactor or a lottery win.”

Apr 21, 2015

New risks as young Londoners priced out of housing market

LONDON, April 21 (Reuters) – Last weekend, London couple
Vicki Clayton and James Renhard left behind cramped bedrooms
that smelt of smoke, housemates who stole their food and a
landlord who kept his deposit, and moved into a rented flat of
their own.

Buying a home is not an option.

“I don’t know where the extra money to put away for a
deposit is going to come from,” said Renhard, 34, a law graduate
who works as a website editor. “Aside from a mystery benefactor
or a lottery win.”

Apr 17, 2015

Insight – In Labour’s Scottish bastion, nationalists prepare an upset

GLASGOW/LONDON (Reuters) – In Scotland’s biggest city, nationalists have triggered a once-in-a-century shift in political loyalties that could dash Labour leader Ed Miliband’s dreams of winning the May 7 election and thrust secessionist ‘kingmakers’ to the heart of British power.

The shifting currents in Glasgow, the citadel of Scottish socialism for more than a century, show the seriousness of the nationalists’ bid to end Labour’s dominance of Scotland, a significant change in recent British political history.

Apr 17, 2015

In Labour’s Scottish bastion, nationalists prepare an upset

GLASGOW/LONDON April 17 (Reuters) – In Scotland’s biggest
city, nationalists have triggered a once-in-a-century shift in
political loyalties that could dash Labour leader Ed Miliband’s
dreams of winning the May 7 election and thrust secessionist
‘kingmakers’ to the heart of British power.

The shifting currents in Glasgow, the citadel of Scottish
socialism for more than a century, show the seriousness of the
nationalists’ bid to end Labour’s dominance of Scotland, a
significant change in recent British political history.

Apr 10, 2015

UK economy heading for Q1 slowdown as election approaches

LONDON (Reuters) – Britain’s economic growth probably slowed in early 2015, official data showed on Friday, potentially making it harder for Prime Minister David Cameron to persuade voters to trust his party to run the economy.

Industrial output barely grew in February, hit by a big fall in oil and gas production, and construction output shrank, according to official data that was weaker than forecast.