LONDON, March 15 (Reuters) – The Bank of England’s chief
economist warned against “dangerous talk” of tolerating higher
inflation, days before Britain’s finance minister is expected to
pave the way for the bank to take a more active approach to
boosting growth.

With the government pledging to persevere with its austerity
drive, attention has turned to whether Britain’s central bank
will be given greater scope to stimulate an economy on the verge
of another recession.

LONDON, March 12 (Reuters) – British manufacturing output
fell in January at the fastest pace since June, reinforcing
fears that the economy has tipped into its third recession since
the 2008 financial crisis.

The decline in manufacturing, and downbeat GDP estimates
from a respected thinktank, will add to pressure on finance
minister George Osborne to come up with measures to revive
growth in his annual budget next week.

LONDON (Reuters) – British manufacturing output fell in January at the fastest pace since June, reinforcing fears that the economy has tipped into its third recession since the 2008 financial crisis.

The unexpected decline in manufacturing will put further pressure on Chancellor George Osborne to come up with measures to revive growth in his budget statement next week.

LONDON (Reuters) – Chancellor George Osborne has limited options for pulling the economy out of its rut when he presents his fourth annual budget on March 20.

Faced with the risk of a third British recession since the 2008 financial crisis, Osborne is under growing pressure to act and he is expected to announce some measures to help investment in infrastructure, possibly offset by spending cuts elsewhere.

LONDON (Reuters) – The risk that Britain is entering its third recession in four years grew on Friday with figures showing that manufacturing shrank unexpectedly last month and mortgage approvals for home buyers dropped in January

Gross domestic product fell at the end of last year, bringing Britain within sight of another recession and the latest data suggested the central bank may need to do yet more to revive the economy.

LONDON (Reuters) – The risk that Britain is entering its third recession in four years grew on Friday with figures showing that manufacturing shrank unexpectedly last month and mortgage approvals for home buyers dropped in January

Gross domestic product fell at the end of last year, bringing Britain within sight of another recession and the latest data suggested the central bank may need to do yet more to revive the economy.

LONDON (Reuters) – Britain’s economy contracted by 0.3 percent in the last quarter of 2012 as first thought, keeping alive the danger of a third recession since 2008, although yearly growth was revised up, data showed on Wednesday.

The weak economy and its detrimental impact on the government’s fiscal targets prompted rating agency Moody’s to strip Britain of one of its coveted triple-A credit ratings last week.

LONDON (Reuters) – Britain’s economy contracted by 0.3 percent in the last quarter of 2012 as first thought, keeping alive the danger of a third recession since 2008, although yearly growth was revised up, data showed on Wednesday.

The weak economy and its detrimental impact on the government’s fiscal targets prompted rating agency Moody’s to strip Britain of one of its coveted triple-A credit ratings last week.

LONDON (Reuters) – Britain said on Friday it hopes to set up a currency swap line with China soon to help finance trade, a move that will enhance London’s drive to become a leading offshore centre for yuan trade.

China, in an effort to internationalize the yuan and eventually make it a world reserve currency, has already agreed swap lines with more than 15 other countries, mostly emerging markets.

LONDON (Reuters) – The number of people in work in Britain hit an all-time high late last year, highlighting the continued resilience of the labour market in the face of a stagnant economy.

The number of people in work rose to 29.730 million in the three months to December, the highest since records began in 1971, the Office for National Statistics said on Wednesday.