Economics Correspondent
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Nov 6, 2013

UK industrial output rebounds

LONDON (Reuters) – British industrial output grew more strongly than expected in September as it bounced back from a fall the previous month, providing some reassurance that the country’s economic recovery is not being driven only by consumption.

Output in the industrial sector – which makes up about a sixth of Britain’s economy – climbed 0.9 percent during the month and was pushed up most strongly by manufacturing, the Office for National Statistics said.

Oct 31, 2013

Britain considers taxing foreign property investors as house prices soar

LONDON, Oct 31 (Reuters) – Britain is considering slapping
capital gains tax on foreign property investors, local media
reported on Thursday, hours after data showed house prices
rising at the fastest pace in over three years.

Such a move could ease fears of a housing bubble,
particularly in London, where demand from cash-rich Russian
oligarchs and Middle East investors among others has helped lift
prices more than 10 percent in a year.

Oct 23, 2013

Government on track to beat budget forecast as revenues pick up

LONDON (Reuters) – Higher tax revenues boosted Britain’s public finances in September, putting the Conservative-led government on track to comfortably undershoot its borrowing forecast this year.

Britain’s deficit narrowed to 11.1 billion pounds in September, based on a widely used measure which strips out some of the effects of bank bailouts.

Oct 22, 2013

Britain on track to beat budget forecast as revenues pick up

LONDON (Reuters) – Higher tax revenues boosted Britain’s public finances in September, putting the Conservative-led government on track to comfortably undershoot its borrowing forecast this year.

Britain’s deficit narrowed to 11.1 billion pounds ($17.9 billion) in September, based on a widely used measure which strips out some of the effects of bank bailouts.

Oct 16, 2013

UK jobless claimant count plunges, unemployment steady

LONDON (Reuters) – The number of people in Britain claiming jobless benefits had its biggest fall in more than 16 years last month but the jobless rate held steady, underscoring the Bank of England’s message that unemployment is likely to fall only slowly.

Data released on Wednesday also showed wages falling further behind inflation, something likely to be seized on by the opposition Labour party which has made living standards a central theme of its 2015 election campaign.

Oct 9, 2013

Government launches home loan guarantee plan as property prices climb

LONDON (Reuters) – The government kicked off a flagship scheme on Tuesday to help people get on the property ladder, defying critics who believe the mortgage guarantees could fuel another housing bubble as the country’s economy picks up speed.

Hours before the government launched “Help to Buy,” a survey suggested British house prices were rising at their fastest pace in 11 years. Also on Tuesday, the International Monetary Fund sharply raised its forecasts for economic growth in Britain.

Oct 8, 2013

Britain launches home loan guarantee plan as property prices climb

LONDON, Oct 8 (Reuters) – Britain launched a flagship scheme
on Tuesday to help people get on the property ladder, defying
critics who believe the state-backed mortgage programme could
fuel another housing bubble.

“Help to Buy” was launched hours after a survey suggested
British house prices were rising at their fastest pace in 11
years.

Oct 8, 2013

Britain launches mortgage guarantee plan, sets out rules for banks

LONDON, Oct 8 (Reuters) – Britain launched a flagship
programme to help people buy their own homes on Tuesday,
offering banks the chance of providing high loan-to-value
mortgages without having to set aside punitive amounts of
capital.

The scheme, which allows home-buyers to put down a deposit
of as little as 5 percent, has raised fears that housing prices
may be heading for a new boom-bust cycle.

Oct 7, 2013

Britain launches mortgage plan, tries to sign up more banks

LONDON, Oct 8 (Reuters) – Britain will on Tuesday launch a
much debated programme to help people buy their own homes and
set out the small print it hopes will persuade more of the
country’s big banks to take part.

RBS and Lloyds, both of which are
part-owned by the government, have said they will start
marketing state-backed “Help to Buy” mortgages this week.
Smaller lenders Virgin Money and Aldermore have also agreed to
sign up.

Sep 19, 2013

UK retail sales growth slows in August after strong July

LONDON, Sept 19 (Reuters) – British retail sales were
surprisingly weak in August as consumers reined in spending,
particularly on food, after a July splurge.

The release – the first UK economic indicator in a while to
come in below forecasts – pushed an otherwise strong pound to a
session low and lifted British government bonds.

    • About Christina

      "Christina Fincher is an economics correspondent based in London. She joined Reuters 12 years ago and has spent much of that time covering financial markets -- foreign exchange, fixed income and credit. Prior to that she worked as a translator for FT Information, where she worked with both French and Italian."
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