UK Economics Correspondent, London
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Nov 28, 2014

House price inflation slows to 11-month low

LONDON (Reuters) – The annual rate of increase in British house prices fell to its lowest level in nearly a year this month as the property market continued to lose momentum, figures from mortgage lender Nationwide showed on Friday.

Nationwide said house prices rose 8.5 percent in the year to November, the smallest increase since December last year, and well below June’s near 10-year peak of 11.8 percent.

Nov 28, 2014

UK house price inflation slows to 11-month low – Nationwide

LONDON, Nov 28 (Reuters) – The annual rate of increase in
British house prices fell to its lowest level in nearly a year
this month as the property market continued to lose momentum,
figures from mortgage lender Nationwide showed on Friday.

Nationwide said house prices rose 8.5 percent in the year to
November, the smallest increase since December last year, and
well below June’s near 10-year peak of 11.8 percent.

Nov 28, 2014

UK house price inflation slows to 11-month low – Nationwide

LONDON, Nov 28 (Reuters) – The annual rate of increase in
British house prices fell to its lowest level in nearly a year
this month as the property market continued to lose momentum,
figures from mortgage lender Nationwide showed on Friday.

Nationwide said house prices rose 8.5 percent in the year to
November, the smallest increase since December last year, and
well below June’s near 10-year peak of 11.8 percent.

Nov 27, 2014

Bank of England scheme fails to increase lending to small UK firms

LONDON (Reuters) – A flagship Bank of England scheme failed to boost lending to small British businesses in the third quarter although the decline was less marked than earlier in the year.

The Funding for Lending Scheme (FLS) was launched in mid-2012 to provide cheap money to banks on condition that they lend to British businesses and households. It was amended at the start of 2014 to focus on small business lending.

Nov 27, 2014

BoE scheme fails to increase lending to small UK firms

LONDON, Nov 27 (Reuters) – A flagship Bank of England scheme
failed to boost lending to small British businesses in the third
quarter although the decline was less marked than earlier in the
year.

The Funding for Lending Scheme (FLS) was launched in
mid-2012 to provide cheap money to banks on condition that they
lend to British businesses and households. It was amended at the
start of 2014 to focus on small business lending.

Nov 27, 2014

UK’s Osborne seeks sweet spot between budget pain and electoral gain

LONDON (Reuters) – British finance minister George Osborne will try next week to convince voters only he can be trusted to run the economy, delivering an uncompromising fiscal plan in a budget update six months before national elections.

Osborne will focus his Autumn Statement on Britain’s return to growth, while sketching out enough sense of economic danger to dissuade the electorate from supporting his rivals.

Nov 26, 2014

UK business investment unexpectedly drops in Q3

LONDON (Reuters) – British business investment unexpectedly fell in the third quarter of 2014 and growth relied heavily on household spending once again, raising fresh questions about the resilience of the economy’s recovery.

Wednesday’s more detailed breakdown of what drove growth in the three months to September confirmed that gross domestic product grew 0.7 percent during the quarter, unchanged from last month’s preliminary estimate.

Nov 26, 2014

Business investment unexpectedly drops in third-quarter, GDP unrevised

LONDON (Reuters) – British business investment unexpectedly fell in the third quarter of 2014 and growth relied heavily on household spending once again, raising fresh questions about the resilience of the economy’s recovery.

Wednesday’s more detailed breakdown of what drove growth in the three months to September confirmed that gross domestic product grew 0.7 percent during the quarter, unchanged from last month’s preliminary estimate.

Nov 25, 2014

Bank of England’s Forbes sees stronger world economy than peers

LONDON (Reuters) – A Bank of England policymaker said on Tuesday she thought the outlook for the global economy might not be as weak as some of her colleagues believe and could be less of a drag on Britain’s recovery than the bank has forecast.

Kristin Forbes is among seven members of the nine-strong Monetary Policy Committee who have voted in recent months to keep interest rates at crisis-era lows, although signs of differences between them emerged in BOE minutes last week.

Nov 12, 2014

Bank of England sees inflation below one percent, slower rate rises

LONDON (Reuters) – British inflation is likely to fall below 1 percent in the next six months, the Bank of England said on Wednesday, encouraging investors to build on their bets that it will not raise interest rates until late next year.

Sterling weakened and British government bonds prices rose as the forecasts were published and as the Bank’s governor, Mark Carney, pointed to “troubling” development in the euro zone, home to Britain’s main trading partners, where the economy is at risk of falling back into recession.[GBP/]

    • About David

      "David keeps a close watch on the UK economy, the Bank of England and the British government debt market. Previously he worked in Frankfurt, covering the European Central Bank and euro zone economy, and in Brussels where he reported on everything from EU summits to Belgian supermarkets."
      Languages:
      English, French, German
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