William's Feed
Feb 26, 2015

UK business investment slips as oil prices fall, trade boosts GDP

LONDON (Reuters) – British business investment fell at its sharpest rate in nearly six years late last year, after tumbling global oil prices hit the North Sea petroleum industry, but stronger exports helped make economic growth a bit more balanced.

Gross domestic product between October and December grew by a quarterly 0.5 percent, data showed, confirming a preliminary reading. That was the slowest growth rate in a year, although there have been signs the economy started 2015 more strongly.

Feb 25, 2015

Cameron still waiting for electoral gold from recovering economy

LONDON (Reuters) – British Prime Minister David Cameron could hardly have asked for a better run of economic numbers ahead of May’s tight election.

Yet he and his Conservative Party are nervously waiting to see if they can count on the turnaround in the economy to deliver electoral gold.

Feb 25, 2015

Britain’s Cameron still waiting for electoral gold from recovering economy

LONDON, Feb 25 (Reuters) – British Prime Minister David
Cameron could hardly have asked for a better run of economic
numbers ahead of May’s tight election.

Yet he and his Conservative Party are nervously waiting to
see if they can count on the turnaround in the economy to
deliver electoral gold.

Feb 24, 2015

Don’t use low inflation to curb pay, BoE’s Carney warns employers

LONDON (Reuters) – Bank of England chief Mark Carney warned employers on Tuesday not to use near-zero inflation as an excuse to offer staff low wage settlements, as that might derail Britain’s economic recovery.

British wages have only recently started to rise faster than inflation after years of real-term falls.

Feb 24, 2015

Don’t use low inflation to curb pay,Carney warns employers

LONDON (Reuters) – Bank of England chief Mark Carney warned employers on Tuesday not to use near-zero inflation as an excuse to offer staff low wage settlements, as that might derail Britain’s economic recovery.

British wages have only recently started to rise faster than inflation after years of real-term falls.

Feb 24, 2015

Inflation, other risks could mean UK rate hike in near future – BoE’s Forbes

LONDON, Feb 24 (Reuters) – British inflation pressures could
pick up quickly and other factors could also mean an interest
rate hike is needed “in the near future” but the Bank of England
is right to keep rates on hold for now, a BoE policymaker said
on Tuesday.

Kristin Forbes said in a speech that the risks from a return
of inflation, asset price bubbles in the financial sector and
levels of consumption and savings were “moderate and manageable”
at the moment.

Feb 18, 2015

UK earnings stretch lead over inflation, jobless rate falls

LONDON (Reuters) – British pay growth outstripped a dwindling inflation rate by the widest margin since before the financial crisis, several measures of earnings showed on Wednesday, giving many households a boost ahead of elections in May.

The Office for National Statistics also said the unemployment rate fell to 5.7 percent, its lowest level in more than six years, as the recovery in the country’s labor market extended its nearly two-year run.

Feb 17, 2015

British inflation hits record low, gives consumers pre-election boost

LONDON (Reuters) – British consumer price inflation eased last month to its lowest level since records began in 1989 and looks set to slow further, lifting voters’ disposable incomes as national elections approach.

Annual CPI fell to 0.3 percent in January, Tuesday’s official figures showed, as expected in a Reuters poll, from 0.5 percent in December.

Feb 14, 2015

Former HSBC chairman steps down from City lobby group after leaks

LONDON, Feb 14 (Reuters) – A former boss of HSBC,
Stephen Green, has stepped down from his position with a
financial services lobby group after allegations that the bank
helped people dodge taxes.

Green, who is under increasing pressure over the HSBC
revelations, quit as chairman of TheCityUK’s advisory council,
an unpaid position, the organisation said on Saturday.

Feb 12, 2015

Bank of England sees strong growth but ready to cut rates if needed

LONDON (Reuters) – The Bank of England said it expects stronger growth on the back of lower oil prices but it sees little need to raise interest rates this year and could even cut them if inflation proves weaker than expected, new forecasts showed on Thursday.

BoE Governor Mark Carney said he expected inflation to fall below zero in the coming months due to weak oil, but stressed that this by itself did not mean that the economy had entered deflation.