William's Feed
Aug 13, 2014

Bank of England’s Carney wrong-foots investors again

LONDON, Aug 14 (Reuters) – Bank of England Governor Mark
Carney is gaining a reputation for upsetting the financial
markets.

Coming from a policymaker who championed predictability when
he arrived in London a year ago, his apparently alternating
signals on interest rates have left many investors perplexed.

Aug 10, 2014

UK truckers busy as recovery builds, but pay still in the slow lane

LONDON, Aug 10 (Reuters) – Truck drivers in the Midlands
region of England have not been this busy for six years, but
there’s little sign of it in their pockets. It’s a theme
repeated across the country, as workers’ pay has failed to
reflect Britain’s surprisingly strong economic recovery.

“There is an absolutely huge shortage of drivers in the
Midlands,” said Neil Renwick, 46, a self-employed driver of
44-tonne vehicles who has been crisscrossing Britain for nearly
30 years.

Aug 8, 2014

Chelsea look to Fabregas as key to new season

LONDON (Reuters) – Chelsea fans have grown used to seeing new faces in their team at the start of each season but this year it is a familiar one that they are probably most excited about.

Cesc Fabregas was one of the stars of the Premier League during his eight years with London rivals Arsenal before he rejoined Barcelona, his boyhood club, in 2011.

Aug 8, 2014

Soccer-Chelsea look to Fabregas as key to new season

LONDON, Aug 8 (Reuters) – Chelsea fans have grown used to seeing new faces in their team at the start of each season but this year it is a familiar one that they are probably most excited about.

Cesc Fabregas was one of the stars of the Premier League during his eight years with London rivals Arsenal before he rejoined Barcelona, his boyhood club, in 2011.

Aug 7, 2014

Bank of England holds steady as rates debate heats up

LONDON (Reuters) – The Bank of England kept interest rates at their record low on Thursday, giving Britain’s fast economic recovery more time to build even as differences among its policymakers become more apparent.

The BoE’s Monetary Policy Committee left Bank Rate at 0.5 percent, the level it has maintained since the depths of the financial crisis more than five years ago.

Aug 6, 2014

Bank of England seen split, but no rate hike for now

LONDON, Aug 7 (Reuters) – The Bank of England looks likely
to start the ball rolling towards its first interest rate hike
since 2007 when it wraps up a policy meeting on Thursday.

The two-day meeting is likely to have produced the first
split over rates in more than three years, with at least one
member of the Monetary Policy Committee (MPC) voting for higher
borrowing costs, according to a Reuters poll.

Jul 29, 2014

UK mortgage approvals turn around

LONDON (Reuters) – British mortgage approvals rose for the first time in five months in June, suggesting lenders were getting back into their stride after the introduction of more stringent tests for borrowers earlier this year.

The Bank of England, which is keeping a close eye on Britain’s fast-recovering housing market, said mortgage approvals jumped 8 percent from May to 67,196 last month.

Jul 29, 2014

UK mortgage approvals turn around, jump 8 pct in June

LONDON, July 29 (Reuters) – British mortgage approvals rose
for the first time in five months in June, suggesting lenders
were getting back into their stride after the introduction of
more stringent tests for borrowers earlier this year.

The Bank of England, which is keeping a close eye on
Britain’s fast-recovering housing market, said mortgage
approvals jumped 8 percent from May to 67,196 last month.

Jul 28, 2014

IMF says UK interest rates should stay low for now

LONDON, July 28 (Reuters) – The Bank of England won backing
from the International Monetary Fund on Monday for keeping
interest rates low, even as the IMF welcomed signs that
Britain’s surprisingly strong economic recovery is broadening.

In a report that will please finance minister George
Osborne, who last year clashed with the Fund over his policies,
the IMF said the government had struck the right approach to
bringing down Britain’s budget deficit, although it might have
to consider raising more tax revenues in future.

Jul 25, 2014

Britain’s recovery pushes economy past pre-crisis peak

LONDON (Reuters) – Britain’s economy is now bigger than it was before the financial crisis struck six years ago after strong growth in the second quarter that keeps it on track to lead the way among developed countries this year.

The return to its pre-crisis size comes years after other major economies passed the same landmark but will be a relief for the government ahead of a national election in 2015.