William's Feed
Jul 23, 2014

Bank of England eyes wage puzzle as it mulls when to raise rates

LONDON (Reuters) – Bank of England officials discussed in July whether there was a case for an early rate rise to cool Britain’s economy, but were held back in part by strikingly low wage growth and signs of weakness abroad.

The nine members of the Monetary Policy Committee were unanimous when they voted to keep interest rates on hold at their July 9-10 meeting, as forecast by a Reuters poll.

Jul 22, 2014

UK June public finances show government slipping off target

LONDON (Reuters) – Britain’s public finances showed a bigger than expected deficit in June, continuing a weak start to the tax year and leaving Chancellor George Osborne with a lot of catching up to do to meet his fiscal goals.

The government failed to reduce public borrowing during the first three months of the 2014/15 fiscal year, possibly limiting its ability to offer any tax cuts or other voter-friendly surprises ahead of a national election in May next year.

Jul 16, 2014

British pay growth slows to record low even as jobless rate falls

LONDON (Reuters) – British workers’ earnings grew at the slowest rate on record in the three months to May, one gauge showed, even as unemployment fell further, giving the Bank of England pause for thought as it prepares to start raising interest rates.

Official data released on Wednesday showed earnings excluding bonuses rose by an annual 0.7 percent in the three months through May.

Jul 15, 2014

UK inflation jumps in June, rate hike bets brought forward

LONDON, July 15 (Reuters) – British inflation surged to a
five-month high last month and house prices rose at their
fastest rate in years, prompting investors to increase bets on
an interest rate rise before the end of 2014.

Underlining the challenge facing the Bank of England as it
tries to manage Britain’s accelerating economic recovery,
consumer prices rose 1.9 percent on the year in June, official
ONS data showed.

Jul 8, 2014

UK sees surprise slump in May factory output

LONDON, July 8 (Reuters) – British factory output suffered
an unexpected slump in May, echoing a similar decline in German
industrial production, according to official data on Tuesday
that raises questions about the pace of the country’s recovery.

Factory output dropped by 1.3 percent in May, its biggest
fall since January 2013 and in sharp contrast to economists’
forecasts for a solid 0.4 percent increase, the Office for
National Statistics (ONS) said.

Jul 4, 2014

France’s Deschamps rues missed chances, lack of experience

RIO DE JANEIRO (Reuters) – France coach Didier Deschamps said missed chances and a lack of big-game experience among his players gave Germany a vital edge to knock Les Bleus out of the World Cup.

France impressed earlier in the competition by cruising through their group matches and beating Nigeria 2-0 in the first knock-out round.

Jul 4, 2014

Soccer-France’s Deschamps rues missed chances, lack of experience

RIO DE JANEIRO, July 4 (Reuters) – France coach Didier Deschamps said missed chances and a lack of big-game experience among his players gave Germany a vital edge to knock Les Bleus out of the World Cup.

France impressed earlier in the competition by cruising through their group matches and beating Nigeria 2-0 in the first knock-out round.

Jul 3, 2014

Germany’s big-game experience may give them edge: Deschamps

RIO DE JANEIRO (Reuters) – Germany’s experience of playing high-pressure games might give them an edge when they line up against France in a World Cup quarter-final at the Maracana on Friday, France coach Didier Deschamps said.

“Germany is very accustomed to this competition,” Deschamps told reporters on Thursday. “Experience is more on their side, but we will play our game.”

Jul 3, 2014

Soccer-Germany’s big-game experience may give them edge-Deschamps

RIO DE JANEIRO, July 3 (Reuters) – Germany’s experience of playing high-pressure games might give them an edge when they line up against France in a World Cup quarter-final at the Maracana on Friday, France coach Didier Deschamps said.

“Germany is very accustomed to this competition,” Deschamps told reporters on Thursday. “Experience is more on their side, but we will play our game.”

Jul 3, 2014

FIFA anti-discrimination boss laments lack of abuse-spotters

RIO DE JANEIRO (Reuters) – FIFA’s anti-discrimination chief hit out at world soccer’s governing body on Thursday for not deploying staff specifically to tackle racist or homophobic abuse among fans at World Cup matches.

Jeffrey Webb said there was a “disconnect” between FIFA’s stated aim of stamping out discrimination at games and its failure to back a proposal to use trained staff in Brazil to investigate and report on cases.