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Jan 3, 2013

British banks set to lend more helped by BoE scheme

LONDON, Jan 3 (Reuters) – British banks plan to boost the
supply of credit in the first quarter of 2013, a survey found,
showing how a new Bank of England scheme is addressing a problem
that many blame for holding back the economy.

Banks polled for the BoE’s quarterly Credit Conditions
Survey said they would significantly increase the availability
of mortgages in the first three months of 2013 after a record
rise in the three months to Dec. 11.

Dec 21, 2012

UK budget deficit worsens, credit rating at risk

LONDON (Reuters) – Britain’s budget deficit worsened in November, data showed on Friday, increasing the risk it will lose its top-notch credit rating and overshoot this year’s borrowing forecast.

The data – which showed public sector net borrowing, excluding financial sector interventions, hit 17.5 billion pounds ($28.5 billion) last month – is gloomy news for Britain’s coalition government.

Dec 21, 2012

UK data point to meager growth, public finances worsen

LONDON (Reuters) – Britain’s dominant services sector posted meager growth in October, which may be just enough for the economy as a whole to avoid contraction in the last three months of 2012.

However, public borrowing figures also released on Friday showed that finance minister George Osborne has a lot of catching up to do to meet updated forecasts published earlier this month given the poor economic outlook.

Dec 20, 2012

Flat retail sales raise risk of GDP contraction in fourth quarter

LONDON (Reuters) – British retail sales were flat in November, despite a boost from tablet computers, reflecting still weak consumer confidence and increasing the chance that the broader economy will contract in the final quarter of 2012.

Retail sales volumes were stagnant on the month to give an annual rise of just 0.9 percent, the Office for National Statistics said on Thursday – below economists’ forecasts for both monthly and annual sales growth.

Dec 20, 2012

Flat UK Nov retail sales raise risk of GDP contraction in fourth qtr

LONDON, Dec 20 (Reuters) – British retail sales were flat in
November, despite a boost from tablet computers, reflecting
still weak consumer confidence and increasing the chance that
the broader economy will contract in the final quarter of 2012.

Retail sales volumes were stagnant on the month to give an
annual rise of just 0.9 percent, the Office for National
Statistics said on Thursday – below economists’ forecasts for
both monthly and annual sales growth.

Dec 20, 2012

Flat UK November retail sales raise risk of GDP contraction in fourth quarter

LONDON (Reuters) – British retail sales were flat in November, despite a boost from tablet computers, reflecting still weak consumer confidence and increasing the chance that the broader economy will contract in the final quarter of 2012.

Retail sales volumes were stagnant on the month to give an annual rise of just 0.9 percent, the Office for National Statistics said on Thursday – below economists’ forecasts for both monthly and annual sales growth.

Dec 19, 2012

BoE offers glum outlook for 2013

LONDON (Reuters) – The economy is likely to remain stagnant in the near term but inflation will probably exceed 2 percent in the next year and also faces further risks from higher food prices, Bank of England policymakers said on Wednesday.

After its December 5-6 meeting, the BoE’s Monetary Policy Committee decided to keep its main interest rate at a record-low 0.5 percent and its bond purchases at 375 billion pounds as expected, with stubborn inflation trumping worries about a sluggish economy.

Dec 19, 2012

Bank of England offers glum outlook for 2013 – minutes

LONDON (Reuters) – Britain’s economy is likely to remain stagnant in the near term but inflation will probably exceed 2 percent in the next year and also faces further risks from higher food prices, Bank of England policymakers said on Wednesday.

After its December 5-6 meeting, the BoE’s Monetary Policy Committee decided to keep its main interest rate at a record-low 0.5 percent and its bond purchases at 375 billion pounds as expected, with stubborn inflation trumping worries about a sluggish economy.

Dec 19, 2012

BoE offers glum outlook for 2013 – minutes

LONDON (Reuters) – Britain’s economy is likely to remain stagnant in the near term but inflation will probably exceed 2 percent in the next year and also faces further risks from higher food prices, Bank of England policymakers said on Wednesday.

After its December 5-6 meeting, the BoE’s Monetary Policy Committee decided to keep its main interest rate at a record-low 0.5 percent and its bond purchases at 375 billion pounds as expected, with stubborn inflation trumping worries about a sluggish economy.

Dec 18, 2012

UK inflation unexpectedly stays at highest since May

LONDON, Dec 18 (Reuters) – UK inflation stayed at its
highest level since May last month, confounding forecasts it
would ease and potentially giving the Bank of England less room
to resume quantitative easing to support the struggling economy.

The data released on Tuesday, showing annual consumer price
inflation held at 2.7 percent after a surprise jump in October,
will reinforce Bank of England concerns that price pressures may
prove persistent and restrain consumer spending.

    • 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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