LONDON, Sept 18 (Reuters) – British financial markets scaled
back expectations for the Bank of England to tighten monetary
policy on Friday after the U.S. Federal Reserve backed away from
raising interest rates, pushing both bond prices and sterling
British government bonds initially chalked up their
strongest one-day gains since early July, when Greece was
scrambling for fresh aid from creditors, while markets pushed
back bets on a BoE rate rise deep into the second half of 2016.
LONDON, Sept 16 (Reuters) – Bank of England Governor Mark
Carney on Wednesday stuck to his view that a decision on whether
to start raising interest rates will become clearer around the
end of the year, but two other rate-setters at the BoE sounded
closer to voting for a move.
Carney, in an annual report to parliament, repeated a
comment he made in July and again in August that strength in
Britain’s economy probably meant a decision on rates will come
into “sharper relief around the turn of this year”.
LONDON (Reuters) – British inflation fell back to zero in August after oil prices dropped at the fastest rate since the start of the year, keeping annual price growth far below the Bank of England’s target and an interest rate rise off the table for now.
Headline consumer price inflation (CPI) dipped into negative territory for the first time in more than 50 years in April, and has been 0.1 percent or lower over the past six months, despite solid economic growth and rising wages.
LONDON, Sept 11 (Reuters) – The amount of new housing built
in Britain fell for the first time in more than two years in
July, despite rising house prices, driving a broader decline in
construction that adds to signs that the country’s economy is
The official figures on Friday contrast with bumper profits
reported by house-builders and follow weak manufacturing figures
which have raised questions about whether growth is cooling as
the Bank of England comes nearer to raising interest rates.
LONDON (Reuters) – The Bank of England said on Thursday its rate-setters felt the threat to the world economy from China’s stock-market slump did not signal a slowdown for Britain, as they left interest rates at a record-low of 0.5 percent.
Policymakers voted 8-1 to keep rates unchanged, as expected, and they broadly agreed with Governor Mark Carney, who has said that, so far, China’s slowdown is unlikely to derail the plan to gradually raise British rates.
LONDON, Sept 10 (Reuters) – British house prices rose
strongly in August, pushed up by a lack of property coming onto
the market, according to two surveys published on Thursday,
adding urgency to a push by the government to encourage more
Mortgage lender Halifax and a group representing British
property valuers said house prices in August showed their
biggest monthly increase since May last year.
LONDON, Sept 8 (Reuters) – British lawmakers challenged
public officials on Thursday over whether they had allowed more
than 2 billion pounds ($3.1 billion) of government shares in
Royal Bank of Scotland to be sold too cheaply last
As global share prices started to come off their highs in
early August, the British government sold 5 percent of RBS at a
price worth a third less than it paid when it rescued the bank
with 46 billion pounds of public money at the peak of the
2007-09 financial crisis.
LONDON (Reuters) – British Prime Minister David Cameron pledged on Monday to take in up to 20,000 Syrian refugees over the next five years, responding to public clamor for his government to help those fleeing civil war in the country.
“We are proposing that Britain should resettle up to 20,000 Syrian refuges over the rest of this parliament. In doing so, we will continue to show the world that this country is a country of extraordinary compassion,” he told parliament.
LONDON, Sept 3 (Reuters) – Businesses in Britain’s services
sector recorded their slowest growth in more than two years last
month, mirroring signs of economic weakness in the United States
and China, a closely watched survey showed on Thursday.
Financial data company Markit, which compiled the figures,
said Britain’s overall economic growth rate was likely to slow
to 0.5 percent in the three months to September from an
above-average 0.7 percent in the second quarter.
LONDON, (Reuters) – Britain’s services sector recorded its weakest growth in more than two years last month, mirroring signs of economic weakness in the United States and China, a closely watched survey showed on Thursday.
Financial data company Markit, which compiled the figures, said Britain’s overall economic growth rate was likely to slow to 0.5 percent in the three months to September from an above-average 0.7 percent in the second quarter.