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Apr 23, 2015

UK voters left in dark on post-election fiscal plans: think tank

LONDON (Reuters) – Britain’s main political parties are not letting voters know how they would run public finances after the May 7 election, the Institute for Fiscal Studies, an independent think tank, said on Thursday.

The election offers voters the biggest degree of choice over taxation and spending since at least 1992, as Britain’s political leaders take different approaches to one of the biggest budget deficits in the rich world.

Apr 23, 2015

UK’s Osborne avoids deficit slip-up, retail sales unexpectedly fall

LONDON (Reuters) – British finance minister George Osborne met his latest deficit reduction target, avoiding embarrassment two weeks before the election, but weak retail sales figures raise the risk that growth has slowed.

Osborne said the budget numbers showed the Conservative-led coalition’s policies were working. The opposition Labour party said his plans for more spending cuts would do serious damage to public services.

Apr 17, 2015

British unemployment rate at multi-year low ahead of election

LONDON (Reuters) – Britain’s economy created the largest number of new jobs in nearly a year and unemployment hit its lowest rate since mid-2008, official labor market data showed on Friday, the last such report before a closely fought election on May 7.

Prime Minister David Cameron hailed the numbers, which cover the three months to February, as underlining his government’s “jobs miracle”.

Apr 17, 2015

British unemployment rate at multi-year low ahead of election

LONDON (Reuters) – Britain’s economy created the largest number of new jobs in nearly a year and unemployment hit its lowest rate since mid-2008, official labor market data showed on Friday, the last such report before a closely fought election on May 7.

Prime Minister David Cameron hailed the numbers, which cover the three months to February, as underlining his government’s “jobs miracle”.

Apr 16, 2015

UK voters count cost of living standards pain

BEDWORTH, England, April 16 (Reuters) – Joe Terrence is the
kind of voter, fed up with falling living standards, that David
Cameron must try to win over if he is to remain Britain’s prime
minister next month.

“I almost voted for Cameron last time around. I felt that
there needed to be a change,” the 37 year-old parcel delivery
worker said as he ate a sandwich, oozing baked beans, at a
roadside cafe in this former mining town.

Apr 10, 2015

UK economy heading for Q1 slowdown as election approaches

LONDON (Reuters) – Britain’s economic growth probably slowed in early 2015, official data showed on Friday, potentially making it harder for Prime Minister David Cameron to persuade voters to trust his party to run the economy.

Industrial output barely grew in February, hit by a big fall in oil and gas production, and construction output shrank, according to official data that was weaker than forecast.

Apr 10, 2015

UK economy heading for first-quarter slowdown as election approaches

LONDON (Reuters) – Britain’s economic growth probably slowed in early 2015, official data showed on Friday, potentially making it harder for Prime Minister David Cameron to persuade voters to trust his party to run the economy.

Industrial output barely grew in February, hit by a big fall in oil and gas production, and construction output shrank, according to official data that was weaker than forecast.

Apr 9, 2015

UK trade deficit worsens in February

LONDON (Reuters) – Britain’s trade deficit widened more than expected in February, official figures showed on Thursday, suggesting the strong pace of economic recovery could cool slightly ahead of next month’s election.

The trade in goods deficit widened to a seven-month high in February and the value of monthly exports hit a more than four-year low. Furthermore, trade data for January was revised to show a weaker start to the year than previously thought.

Apr 9, 2015

UK trade deficit worsens in Feb as exports sag to 4-year low

LONDON (Reuters) – Britain’s trade deficit widened more than expected in February, official figures showed on Thursday, suggesting the strong pace of economic recovery could cool slightly ahead of next month’s national election.

The trade in goods deficit widened to a seven-month high in February and the value of monthly exports hit a more than four-year low. Furthermore, trade data for January was revised to show a weaker start to the year than previously thought.

Apr 9, 2015

Bank of England keeps rates on hold as it awaits inflation signs

LONDON (Reuters) – The Bank of England kept interest rates at their record low on Thursday as policymakers wait to see whether a tumble in inflation is short-lived or turns into a bigger threat for the British economy.

In its last interest rate decision before a national election on May 7, the Bank left its benchmark borrowing rate at 0.5 percent, its level since the height of the global financial crisis in 2009.