UK Economics Correspondent, London
Andy's Feed
Feb 17, 2015

British inflation hits record low, gives consumers pre-election boost

LONDON (Reuters) – British consumer price inflation eased last month to its lowest level since records began in 1989 and looks set to slow further, lifting voters’ disposable incomes as national elections approach.

Annual CPI fell to 0.3 percent in January, Tuesday’s official figures showed, as expected in a Reuters poll, from 0.5 percent in December.

Feb 13, 2015
Feb 12, 2015
via MacroScope

RIP forward guidance (2013 – 2015)

Today marked the first time since its launch that forward guidance wasn’t mentioned by the Bank of England in its quarterly inflation report, or by Governor Mark Carney in his opening remarks.

Feb 11, 2015
Feb 11, 2015
Feb 9, 2015
Feb 6, 2015

Oil import surge widens UK trade gap, but exports also grow

LONDON (Reuters) – Britain’s trade in goods deficit widened sharply in December on a surge in oil imports, making the trade gap for last year as a whole the biggest since 2010.

There were signs of a shift in the trade balance in the final quarter, when the goods deficit narrowed by the largest amount in three years as export volumes rose at their fastest since the second quarter of 2013.

Feb 6, 2015
Feb 6, 2015
Feb 6, 2015