UK Economics Correspondent, London
Andy's Feed
Jan 7, 2015
Jan 7, 2015
Jan 7, 2015
Jan 6, 2015

UK services growth dips to 19-month low

LONDON (Reuters) – Britain’s economic recovery softened further as growth across services companies slowed sharply during December to its lowest level since mid-2013, a survey showed on Tuesday.

Sterling slipped to a 17-month low against the dollar after the Markit/CIPS UK Services Purchasing Managers’ Index (PMI), a closely-watched monthly survey, suffered its steepest decline in more than three years.

Jan 6, 2015

UK services growth dips to 19-month low – PMI

LONDON, Jan 6 (Reuters) – Britain’s economic recovery
softened further as growth across services companies slowed
sharply during December to its lowest level since mid-2013, a
survey showed on Tuesday.

Sterling slipped to a 17-month low against the dollar after
the Markit/CIPS UK Services Purchasing Managers’ Index (PMI), a
closely-watched monthly survey, suffered its steepest decline in
more than three years.

Jan 2, 2015

UK recovery more lopsided as manufacturing slips

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.

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.