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Apr 24, 2013

Britain’s ills on display in rising car sales

LONDON (Reuters) – One of Britain’s few economic bright spots – a 13-month run of increased car sales – may actually say more about the country’s ills than it does about its growth prospects.

Much of the rise has been caused by a banking scandal, high fuel prices, erosion of savings and widening income inequality.

Apr 24, 2013

Analysis: Britain’s ills on display in rising car sales

LONDON (Reuters) – One of Britain’s few economic bright spots – a 13-month run of increased car sales – may actually say more about the country’s ills than it does about its growth prospects.

Much of the rise has been caused by a banking scandal, high fuel prices, erosion of savings and widening income inequality.

Apr 18, 2013

Cold weather hurts retail sales

LONDON (Reuters) – Unusually cold weather hurt British retail sales in March, but the fall was small enough to leave the possibility that the economy as a whole avoided shrinking in the first three months of the year.

Retail sales volumes slipped 0.7 percent on the month after strong growth in February to stand 0.5 percent lower on the year, the Office for National Statistics said on Thursday.

Apr 18, 2013

Cold weather hurts British retail sales

LONDON, April 18 (Reuters) – Unusually cold weather hurt
British retail sales in March, but the fall was small enough to
leave the possibility that the economy as a whole avoided
shrinking in the first three months of the year.

Retail sales volumes slipped 0.7 percent on the month after
strong growth in February to stand 0.5 percent lower on the
year, the Office for National Statistics said on Thursday.

Apr 17, 2013

British jobless rate rises, pay growth at record low

LONDON (Reuters) – Britain’s unemployment rate rose in February and pay excluding bonuses posted the smallest increase on record, suggesting that cracks are starting to show in the so far surprisingly resilient labor market.

The Office for National Statistics said on Wednesday that the main jobless rate rose to 7.9 percent in the three months ending in February – the highest rate since the three months to August 2012, when it was also 7.9 percent.

Apr 17, 2013

Jobless rate rises, pay growth at record low

LONDON (Reuters) – The unemployment rate rose in February and pay excluding bonuses posted the smallest increase on record, suggesting that cracks are starting to show in the so far surprisingly resilient labour market.

The Office for National Statistics said on Wednesday that the main jobless rate rose to 7.9 percent in the three months ending in February – the highest rate since the three months to August 2012, when it was also 7.9 percent.

Apr 16, 2013

UK inflation holds steady, IMF cuts growth outlook

LONDON, April 16 (Reuters) – British inflation held steady
in March at its highest level since last May, keeping up the
pressure on households, and the International Monetary Fund
sharply cut its growth outlook for the country.

Annual consumer price inflation held at 2.8 percent, the
same as in February and above the Bank of England’s 2 percent
target, although finance minister George Osborne has given the
bank leeway to focus more on growth and allow some inflation
overshoots.

Apr 16, 2013

UK inflation holds steady, oil price pressures ease

LONDON, April 16 (Reuters) – British consumer price
inflation held steady in March at its highest level since last
May, while lower oil prices suggested future rises in inflation
may be smaller than feared, official data showed on Tuesday.

Annual consumer price inflation held at 2.8 percent, the
same as in February and above the Bank of England’s 2 percent
target, although the finance minister has given the bank leeway
to focus more on growth and allow for such inflation overshoots.

Apr 9, 2013

Pick-up in UK industry signals fragile economic recovery

LONDON, April 9 (Reuters) – British industry bounced back
surprisingly strongly in February, pointing to a nascent
economic recovery that may nonetheless need more help from the
central bank to gather pace.

A 1 percent rise in industrial output from January lifted
production in February slightly above its average level in the
last quarter of 2012 when the economy shrank.

Apr 9, 2013

Factory rebound, energy use boost UK industry

LONDON (Reuters) – British industrial output rose much more than expected in February, driven by a rebound in manufacturing and higher demand for energy during the unusually cold month, official data showed on Tuesday.

The improvement in industry, which late last year was the main drag on the economy, allays fears of another economic contraction in the January-March period, which would tip Britain into its third recession in less than five years.

    • 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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