William's Feed
Dec 19, 2014

UK public finances improve in November, helped by forex fines

LONDON (Reuters) – Britain’s public finances improved in November helped by fines paid by banks for a foreign exchange scandal, giving some respite to finance minister George Osborne as he tries to show voters he can keep on bringing down the deficit.

Separately, retailers reported booming sales, underscoring how consumers are propelling Britain’s strong economic recovery.

Dec 18, 2014

UK earnings recovery might not help Cameron much before election

LONDON (Reuters) – The wages of British workers are rising and inflation is tumbling, but a turnaround in living standards may prove to be too little, too late for Prime Minister David Cameron as a general election approaches.

Earnings, excluding bonuses, grew by more than inflation for a second straight month in October after lagging behind prices for five years, data showed on Wednesday.

Dec 17, 2014

UK earnings rise again, helping Cameron in election pitch

LONDON (Reuters) – British workers’ earnings grew more than inflation again in October, giving a bit more help to Prime Minister David Cameron to tackle criticism of a cost-of-living crisis ahead of national elections in May.

Official data released on Wednesday also showed the unemployment rate did not fall as expected but remained unchanged at 6.0 percent in the three months to October, matching its lowest level in six years.

Dec 16, 2014

UK inflation falls sharply in November to 12-year low

LONDON (Reuters) – British inflation fell unexpectedly to its lowest level in more than 12 years in November, further easing a squeeze on consumers and leaving the Bank of England under no pressure to raise interest rates soon.

Reflecting a slide in global oil prices that has pushed down inflation around the world, and raised concerns about deflation in some countries, the consumer price index rose by an annual 1.0 percent in November, compared with 1.3 percent in October, the Office for National Statistics said on Tuesday.

Dec 13, 2014

Chelsea rely on Hazard’s fresh legs to stay out in front

LONDON (Reuters) – Chelsea winger Eden Hazard repaid his manager Jose Mourinho for giving him a break in the sun by scoring one goal and creating the other in a scrappy 2-0 home win over 10-man Hull City in the Premier League on Saturday.

Hazard, who was rested for the midweek Champions League win over Sporting Lisbon, scored with a rare header after seven minutes.

Dec 13, 2014

Soccer-Chelsea rely on Hazard’s fresh legs to stay out in front

LONDON, Dec 13 (Reuters) – Chelsea winger Eden Hazard repaid his manager Jose Mourinho for giving him a break in the sun by scoring one goal and creating the other in a scrappy 2-0 home win over 10-man Hull City in the Premier League on Saturday.

Hazard, who was rested for the midweek Champions League win over Sporting Lisbon, scored with a rare header after seven minutes.

Dec 12, 2014

S&P doubts UK deficit target, says more tax revenue may be needed

LONDON (Reuters) – Ratings agency Standard & Poor’s said on Friday Britain’s public borrowing was likely to be higher than the government had forecast and the country might need to find ways to raise more tax revenue to balance the books.

Finance minister George Osborne has said he intends to balance Britain’s budget over the coming years through spending cuts alone, a pledge which will be central to the campaign of Prime Minister David Cameron ahead of national elections in May.

Dec 11, 2014

Bank of England to publish minutes faster, cut number of policy meetings

LONDON, Dec 11 (Reuters) – The Bank of England said on
Thursday that it wanted to cut the number of monetary policy
meetings it holds to eight a year from 12, and that from August
2015 it would publish minutes of its discussions immediately
after policy decisions.

British finance minister George Osborne said he backed the
changes, which are the biggest adjustment to the organisational
framework for BoE monetary policy decisions since the central
bank gained independent power over policy in 1998.

Dec 9, 2014

Factory output slides, but economy unlikely to slow much

LONDON (Reuters) – British manufacturing slumped unexpectedly in October after a strong September, but economists said the country’s economic recovery still looked set to slow only slightly at the end of 2014.

Sterling fell as data showed manufacturing production tumbled 0.7 percent, its first monthly decline since May, hit by a 4.5 percent fall in computer, electronic and optical products, possibly reflecting weak demand among German electronics firms.

Dec 4, 2014

UK budget plan could change state beyond recognition – think tank

LONDON (Reuters) – Britain’s public sector could “change beyond all recognition” by the end of the decade as a result of deep spending cuts planned by Chancellor George Osborne for after May’s election, a leading economic think tank said on Thursday.

Analysing the scale of a spending squeeze outlined by Osborne on Wednesday, the Institute for Fiscal Studies said cuts to public services could be deeper than the spending reductions carried out so far in his austerity push.