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Jan 25, 2013

Britain at risk of sliding towards renewed recession

LONDON (Reuters) – Britain will find out later on Friday whether its economy shrank again late last year, raising the risk that it is heading for its third recession since the 2008 financial crisis.

Forecasts from economists polled by Reuters centre on a 0.1 percent fall in gross domestic product between October and December compared with the previous quarter, when Britain briefly returned to growth.

Jan 25, 2013

British economy at risk of renewed recession

LONDON (Reuters) – Britain will find out later on Friday whether its economy shrank again late last year, raising the risk that it is heading for its third recession since the 2008 financial crisis.

Forecasts from economists polled by Reuters centre on a 0.1 percent fall in gross domestic product (GDP) between October and December compared with the previous quarter, when Britain briefly returned to growth.

Jan 25, 2013

British economy at risk of sliding towards renewed recession

LONDON (Reuters) – Britain will find out later on Friday whether its economy shrank again late last year, raising the risk that it is heading for its third recession since the 2008 financial crisis.

Forecasts from economists polled by Reuters center on a 0.1 percent fall in gross domestic product (GDP) between October and December compared with the previous quarter, when Britain briefly returned to growth.

Jan 23, 2013

December jobless falls to lowest since mid-2011

LONDON (Reuters) – British unemployment fell for the 10th quarter running at the end of last year and jobless claims hit their lowest since mid-2011 in December, a rare bright spot as the economy flirts with another recession.

The falls, which follow other numbers that have suggested the economy shrank again at the end of 2012, strengthen the case for the Bank of England to hold fire on any further bond-buying to bolster growth.

Jan 23, 2013

Jobless claims fall to lowest since mid-2011

LONDON (Reuters) – Unemployment fell for the 10th quarter running at the end of last year and jobless claims hit their lowest since mid-2011 in December, a rare bright spot as the economy flirts with another recession.

The falls, which follow other numbers that have suggested the economy shrank again at the end of 2012, strengthen the case for the Bank of England to hold fire on any further bond-buying to bolster growth.

Jan 23, 2013

Government borrows more, threatening new budget target

LONDON (Reuters) – Britain’s government borrowed slightly more than expected in December as the economy continued to struggle, thwarting efforts to erase a large budget deficit and adding to pressure on the country’s top credit rating.

Just over a month after official borrowing forecasts for 2012-13 were revised, economists said the figures showed Chancellor George Osborne was almost certain to miss his new annual target, further endangering a deficit-cutting drive that is already running two years behind.

Jan 22, 2013

Britain borrows more, threatening new budget target

LONDON (Reuters) – Britain’s government borrowed slightly more than expected in December as the economy continued to struggle, thwarting efforts to erase a large budget deficit and adding to pressure on the country’s top credit rating.

Just over a month after official borrowing forecasts for 2012-13 were revised, economists said the figures showed the Chancellor, George Osborne, was almost certain to miss his new annual target, further endangering a deficit-cutting drive that is already running two years behind.

Jan 22, 2013

Public borrowing higher than expected in December

LONDON (Reuters) – Britain’s government borrowed slightly more than expected in December as the economy continued to struggle, thwarting efforts to erase a large budget deficit and adding to pressure on the UK’s credit rating.

The Office for National Statistics said on Tuesday public sector net borrowing excluding financial sector interventions, the government’s preferred measure, rose last month to 15.419 billion pounds from 14.848 billion pounds in December 2011.

Jan 18, 2013

New Bank of England official raises stimulus doubts

LONDON (Reuters) – Restarting the Bank of England’s asset purchase program any time soon would give little help to Britain’s economy and risks raising inflation, new central bank policymaker Ian McCafferty said on Friday.

In his first speech since joining the bank’s Monetary Policy Committee (MPC) in September, McCafferty also said that he was concerned inflation would be slow to fall over the next two years and that pent-up wage pressures were building.

Jan 18, 2013

UK retail sales disappoint in December

LONDON, Jan 18 (Reuters) – British retail sales dashed hopes
on Friday of a Christmas boost for a struggling economy, falling
on the month in December and growing the least on the year since
April.

The latest official figures support the view that British
national output shrank in the fourth quarter and point to a
gloomy consumer mood that has shut three well-known chains since
the beginning of the year.

    • About Olesya

      "Olesya Dmitracova joined Reuters as a graduate trainee. She has spent a year in the Reuters Moscow bureau covering general and political news in Russia and the CIS. Since 2007 she’s been based in London, first as an investment banking reporter and since 2009, covering humanitarian crises and corruption issues worldwide for AlertNet and TrustLaw websites run by the Thomson Reuters Foundation. Before joining Reuters, Olesya had worked for the BBC World Service and regional media in Britain."
      Joined Reuters:
      2005
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