RELATED NEWS

Friday December 09 2016
UK Trade Deficit Narrows Sharply As Exports Jump 4.6%  
The trade deficit in the United Kingdom narrowed by £3.8 billion to £2.0 billion in September 2016 from an upwardly revised £5.8 billion in the previous month. It was the smallest trade gap since May this year, as exports increased by 4.6 percent, boosted by a 8.7 percent rise in the export of goods, while imports declined by 3.6 percent.
Friday November 25 2016
UK GDP Annual Growth Confirmed at 1-Year High  
UK's gross domestic product expanded 2.3 percent year-on-year in the third quarter of 2016, accelerating from a 2.1 percent growth in the previous period and in line with preliminary estimate. It was the strongest reading since the second quarter of 2015, boosted by net external demand and gross fixed capital formation.
Friday November 25 2016
UK Q3 GDP Growth Confirmed at 0.5%  
The British economy advanced 0.5 percent on quarter in the three months to September of 2016, slowing from a 0.7 percent expansion in the previous period and in line with the preliminary estimate. Net external demand was the main driver of growth, while household expenditure and fixed investment rose at a slower pace.
Wednesday November 16 2016
UK Unemployment Rate Falls to 11-Year Low  
UK jobless rate declined to 4.8 percent in the three months to September 2016 from 4.9 percent in the April to June period and 5.3 percent a year earlier. The figure came in better than market expectations of 4.9 percent to hit the lowest level since July to September 2005, as the number of unemployed went down while the number of people in work increased.
Tuesday November 15 2016
UK Inflation Rate Edges Down to 0.9% in October  
British consumer prices rose 0.9 percent in the year to October 2016, compared with a 1 percent growth in the year to September and below market expectations of 1.1 percent gain. Prices for motor fuels, housing and furniture increased while cost of clothing fell.
Wednesday November 09 2016
UK Trade Deficit Widens Sharply in September  
The trade gap in the United Kingdom widened by GBP 1.4 billion to GBP 5.2 billion in September from August of 2016, reaching the highest in three months. Exports fell 0.4 percent while imports jumped 2.5 percent, hitting a record high and boosted by purchases of ships, material manufactures, road vehicles and oil.
Thursday November 03 2016
UK Leaves Monetary Policy Unchanged  
The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on November 3rd, 2016, in order to meet the 2 percent inflation target, in a way that helps to sustain growth and employment. Meanwhile, the Committee has dropped its plans for another rate cut as the inflation rate is expected to rise way above the central bank's target over the next three years. Policymakers also said rates could move in either direction depending on changes to the economic outlook.
Thursday October 27 2016
UK Annual GDP Growth at 1-Year High of 2.3%  
The UK economy advanced 2.3 percent year-on-year in the three months to September of 2016, better than a 2.1 percent expansion in the previous period and above market expectations of 2.1 percent, preliminary estimates showed. It is the best performance since the second quarter of 2015 and the first GDP figure covering a full quarter following the EU referendum, suggesting growth continues to be broadly unaffected.
Thursday October 27 2016
UK GDP Growth Beats Expectations  
The UK economy advanced 0.5 percent on quarter in the three months to September of 2016, slowing from a 0.7 percent expansion in the previous period but better than market expectations of 0.3 percent, preliminary estimates showed. It is the first GDP figure covering a full quarter following the EU referendum, suggesting growth continues to be broadly unaffected with a strong performance in the services industries offsetting falls in other industrial groups.
Wednesday October 19 2016
UK Unemployment Rate Holds Steady at 4.9%  
UK jobless rate remained unchanged at 4.9 percent for the fourth consecutive month in the three months to August 2016, in line with market expectations. It stood at its lowest level in eleven years, as the number of people in work and the number of unemployed people increased, while the number of economically inactive people fell.
Tuesday October 18 2016
UK Inflation Rate Rises to Nearly 2-Year High in September  
British consumer prices rose 1% in the year to September 2016, following 0.6% growth in August and above market expectations of 0.9% gain. It was the highest inflation rate since November 2014 boosted by higher cost of clothing, motor fuels and hotels amid a weaker pound.
Friday October 07 2016
UK Trade Deficit Widens in August  
The trade gap in the United Kingdom widened by GBP 2.5 billion to GBP 4.7 billion in August from July of 2016. Imports jumped 5.5 percent boosted by electrical machinery and aircraft while exports edged up a meager 0.1 percent.
Friday September 30 2016
UK Annual GDP Growth Revised Down to 2.1% in Q2  
The British economy advanced 2.1 percent year-on-year in the second quarter of 2016, 0.1 percentage point lower than previously estimated, and following a 2 percent expansion in the previous period. Consumer spending and investment accelerated, final figures showed.
Friday September 30 2016
UK GDP Growth Revised Up to 0.7% in Q2  
UK's gross domestic product expanded 0.7 percent quarter-on-quarter in the three months to June of 2016, revised up from 0.6 percent previously estimated and higher than a 0.4 percent gain in the previous period. It was the 14th consecutive quarter of expansion, as household spending and fixed investment were the main drivers of growth, final figures showed.
Thursday September 15 2016
UK Holds Base Rate at Record Low of 0.25%  
The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on September 15th 2016, in order to bring inflation back to 2% target and to support growth and employment. The central bank also said that a majority of members would support a further rate cut in November if the outlook at that time is consistent with the August Inflation Report projections.
Wednesday September 14 2016
UK Unemployment Rate Unchanged at 4.9%  
UK jobless rate held steady at 4.9 percent in the three months to July of 2016, the same as in the previous period and in line with market expectations. The number of unemployed declined, employment increased and the employment rate remained at the highest since the series began although wage growth slowed.
Tuesday September 13 2016
UK Inflation Rate Holds Steady at 0.6% YoY in August  
British consumer prices rose 0.6% in the year to August 2016, unchanged from July while markets were expecting a 0.7% gain amid a weaker pound. Transport prices rose further and cost of food fell at a slower pace while lower prices for housing and clothing weighed on inflation.
Friday September 09 2016
UK Trade Deficit Narrows as Exports Climb 1.9% MoM  
The trade deficit in the United Kingdom narrowed by £1.1 billion to £4.5 billion in July 2016 from an upwardly revised £5.6 billion in June. Exports increased by 1.9 percent, boosted by a 3.4 percent rise in the export of goods, while imports declined by 0.5 percent. Between the 3 months to April 2016 and the 3 months to July 2016, the total trade deficit widened by £5.1 billion to £14.1 billion, the widest deficit since the 3 months to December 2013.
Friday August 26 2016
UK Annual GDP Growth Confirmed at 2.2% in Q2  
The British economy advanced 2.2 percent year-on-year in the second quarter of 2016, following a 2 percent expansion in the previous period and in line with preliminary figures. Consumer spending and investment accelerated, figures from the second estimate showed.
Friday August 26 2016
Consumer Spending Boosts UK GDP Growth in Q2  
The British economy expanded 0.6 percent on quarter in the three months to June of 2016, higher than a 0.4 percent growth in the previous quarter and in line with the preliminary reading. Household spending boosted growth and investment rebounded, figures from the second estimate showed.
Wednesday August 17 2016
UK Jobless Rate Steady at 11-Year Low  
The unemployment rate in the United Kingdom came in at 4.9 percent in the three months to June 2016, unchanged from the previous period and in line with market expectations. It remained at the lowest level since July to September 2005, as the number of unemployed reached the lowest since March to May 2008 while the number of people in work increased.
Tuesday August 16 2016
UK Inflation Rate at 20-Month High of 0.6%  
Consumer prices in the UK increased 0.6% yoy in July, first month after the UK voted to leave the EU, following a 0.5% rise in June and beating market expectations of a 0.5% gain. It was the highest number since November of 2014 boosted by rise in the cost of transportation, alcohol and hotel and restaurant.
Tuesday August 09 2016
UK Trade Deficit Widens to 1-Year High in June  
The trade deficit in the United Kingdom widened sharply by £0.9 billion to £5.1 billion in June 2016 from an upwardly revised £4.2 billion in May. It was the biggest deficit since July last year, as exports increased by 2.4 percent while imports increased at a faster 4 percent to a record high of £48.9 billion.
Thursday August 04 2016
BoE Cuts Bank Rate to Record Low of 0.25%  
The Bank of England has launched a huge new stimulus package on August 4th in order to mitigate the damage the Brexit vote would have on the UK economy. The package includes: a 25 basis point cut in Bank Rate to 0.25%; a new Term Funding Scheme to reinforce the pass-through of the cut in Bank Rate; the purchase of up to £10 billion of UK corporate bonds; and an expansion of the asset purchase scheme for UK government bonds of £60 billion to £435 billion.
Wednesday July 27 2016
UK GDP Annual Growth at 1-Year High of 2.2% in Q2  
The UK’s economy advanced 2.2 percent year-on-year in the second quarter of 2016, accelerating from a 2 percent rise in the previous period and beating market expectations of a 2 percent growth. It is the best performance in a year. Services and industrial production expanded at a faster pace while construction fell for the first time in three years, preliminary estimates showed.
Wednesday July 27 2016
UK GDP Growth Beats Expectations in Q2  
The UK’s economy advanced 0.6 percent on quarter in the three months to June of 2016, higher than a 0.4 percent expansion in the previous period and better than market expectations of 0.4 percent. Industrial production rebounded and posted the biggest gain since 1999, boosted by mining, quarrying and manufacturing while services growth slowed and construction shrank for the second quarter, preliminary estimates showed.
Wednesday July 20 2016
UK Unemployment Rate Down to 11-Year Low of 4.9%  
The unemployment rate in the UK declined to 4.9 percent in the three months to May, the lowest figure since October of 2005. The number of unemployed reached the lowest since 2008, the employment rate increased to a fresh record high of 74.4 percent while earnings rose almost in line with expectations.
Tuesday July 19 2016
UK Inflation Rate Above Expectations  
Consumer prices in the United Kingdom went up 0.5 percent year-on-year in June of 2016, accelerating from a 0.3 percent increase in the previous two months and higher than market expectations of a 0.4 percent gain. Cost of housing and utilities increased for the first time in three months and recreation and culture recorded the biggest gain since October of 2014.
Thursday July 14 2016
BoE Leaves Rates on Hold  
The Bank of England unexpectedly left the Bank rate unchanged at 0.5 percent and the stock of purchased assets at £375 billion at its July meeting, the first rate decision after the Brexit vote. Markets were expecting a 25bps cut, but only one MPC member voted for it. Most members expect monetary policy to be loosened in August, according to the statement said.
Friday July 08 2016
UK Trade Deficit Widens in May  
The trade gap in the United Kingdom widened slightly by GBP 0.6 billion to GBP 2.3 billion in May from April of 2016. Exports fell the most in ten months and imports declined for the first time this year.
Thursday June 30 2016
BoE Carney Hints at Summer Stimulus  
The Bank of England is prepared to take whatever action is needed to support UK economy and it will likely have to cut interest rates over the summer, Bank of England Governor Carney said in a speech on June 30th. The Bank will also consider a host of other measures and policies to promote monetary and financial stability, he added.
Thursday June 30 2016
UK GDP Annual Growth Rate Confirmed at 2%  
The UK’s economy advanced 2 percent year-on-year in the first three months of 2016, unchanged from the second estimate but higher than a downwardly revised 1.8 percent growth in the previous period. Consumer spending and exports went up faster than initially estimated while the fall in business investment was twice the expected, final figures showed.
Thursday June 30 2016
UK GDP Grows 0.4% in Q1 ahead of Brexit Vote  
The UK’s economy expanded 0.4 percent on quarter in the first three months of 2016, in line with preliminary estimates and slowing from an upwardly revised 0.7 percent expansion in the last quarter of 2015. Consumer spending was the main driver of growth while business investment shrank more than expected and exports declined the most in six quarters, final figures showed.
Thursday June 16 2016
BoE Leaves Monetary Policy Unchanged  
The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on June 16th, 2016 as widely expected. Policymakers reinforced that the most significant risks concern the UK referendum on EU membership.
Wednesday June 15 2016
UK Unemployment Rate at 10-Year Low  
British unemployment rate decreased to 5 percent in the three months to April of 2016 from 5.1 percent in the previous five periods. It is the lowest figure since October of 2005 as the number of unemployed fell to a 7-year low, the employment rate remained a record high 74.2 percent and pay growth picked up.
Tuesday June 14 2016
UK Inflation Rate Steady at 0.3%  
Consumer prices in the United Kingdom increased 0.3 percent year-on-year in May of 2016, the same as in April and below market expectations of a 0.4 percent increase. Transport prices declined less while food deflation deepened.
Thursday June 09 2016
UK Trade Deficit Narrows for 3rd Month  
British trade gap declined to GBP 3294 million in April of 2016 from a downwardly revised GBP 3532 million shortfall in March. It is the lowest deficit since September last year as exports of both goods and services recorded the biggest rise in more than six years, boosted by sales of chemicals, machinery, oil, cars, clothing, beverages and aircraft.
Thursday May 26 2016
UK Annual GDP Growth Revised Down to 2%  
The British economy expanded 2 percent year-on-year in the first three months of 2016, lower than a 2.1 percent initial estimate and a 2.1 percent rise in the previous period. It is the weakest growth rate in three years, due to a slowdown in household consumption, exports and a fall in business investment.
Thursday May 26 2016
UK GDP Growth Confirmed at 0.4% QoQ in Q1  
The British economy expanded 0.4 percent on quarter in the first three months of 2016, slowing from a 0.6 percent growth in the previous period and matching preliminary estimates. Household spending continued to support growth while exports shrank and business investment contracted for the second straight quarter amid uncertain results for the EU Membership referendum.
Wednesday May 18 2016
UK Jobless Rate Remains Unchanged at 5.1% for the 5th Month  
British unemployment rate was recorded at 5.1 percent in the three months to March of 2016, unchanged from the previous four periods. While the number of unemployed fell slightly, the number of employed increased, bringing the employment rate to a record high of 74.2 percent.
Tuesday May 17 2016
UK Inflation Rate Slows for 1st Time in 7 Months  
Consumer prices in the United Kingdom went up 0.3% yoy in April, slowing from a 15-month high of 0.5% in March and lower than market expectations of a 0.5% gain. It is the first drop in inflation rate since September as cost of air fares, vehicles, fuels and lubricants and electricity declined.
Thursday May 12 2016
BoE Leaves Rates at Record Low of 0.5%  
The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on May 12th, 2016 as widely expected. The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on May 12th, 2016 as widely expected. Policymakers lowered growth forecasts, saying there are increasing signs that uncertainty associated with the EU referendum has begun to weigh on activity but left inflation projections roughly unchanged.
Tuesday May 10 2016
UK Trade Deficit Narrows to 3-Month Low  
British trade gap declined for the second straight month to GBP 3.83 billion in March of 2016 from a downwardly revised GDP 4.3 billion deficit in February as exports gained the most in six months. However, the gap for the first quarter was the highest in eight years as weak external demand weighed on exports.
Wednesday April 27 2016
British Economy Expands 2.1% YoY in Q1  
The UK GDP advanced 2.1 percent year-on-year in the first three months of 2016, the same as in the previous period and better than market expectations of a 2 percent expansion, preliminary estimates showed. Yet, it is the lowest performance in three years as industrial output grew only slightly and construction fell while the services sector boosted the expansion.
Wednesday April 27 2016
UK GDP Growth Slows to 0.4% in Q1  
The British economy expanded 0.4 percent on quarter in the first three months of 2016, slowing from a 0.6 percent growth in the previous period and in line with market expectations, preliminary figures showed. The services sector led the expansion industrial production, construction and agriculture shrank.
Wednesday April 20 2016
UK Unemployment Rate Steady at 5.1%  
British jobless rate came in at 5.1 percent in the three months to February of 2016, the same as in the previous three periods, staying at the lowest in nearly ten years. Figures came in line with market expectations although the number of people unemployed increased for the first time since mid-2015 and the employment gain was the weakest since June.
Thursday April 14 2016
BoE Leaves Rates On Hold  
The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on April 14th, 2016 as widely expected. Policymakers said there had been signs that uncertainty surrounding the referendum on UK membership of the European Union had begun to weigh on growth. At its March meeting, the central bank had already noted that the UK’s EU referendum could delay spending decisions and depress growth.
Tuesday April 12 2016
UK Inflation Rate at 15-Month High  
Consumer prices in the United Kingdom went up 0.5 percent year-on-year in March of 2016, following a 0.3 percent rise in the previous two months and compared to market expectations of a 0.4 percent increase. It is the highest inflation rate since December of 2014, due to rising cost for housing and utilities, restaurants and hotels and clothing and footwear while transport fell at a slower pace.
Friday April 08 2016
UK Trade Deficit Narrows in February  
British trade gap narrowed to GDP 4.84 billion in February of 2016 from an upwardly revised GBP 5.2 billion deficit in the previous month as exports recovered and imports were flat. However, the trade in goods deficit was the widest ever for a February month and the trade gap with the European Union increased to a fresh record high of GBP 8.6 billion.
Thursday March 31 2016
British Economy Advances 2.1% YoY in Q4  
The British economy expanded 2.1 percent year-on-year in the last three months of 2015, higher than preliminary estimates of 1.9 percent and slightly below an upwardly revised 2.2 percent gain in the third quarter of the year. Exports and consumption of non-profit institutions increased more than anticipated, offsetting lower growth rates for household spending and investment.
Thursday March 31 2016
UK GDP Growth Revised Up  
The British economy advanced 0.6 percent on quarter in the last three months of 2015, higher than a 0.5 percent estimate earlier released and compared to a 0.4 percent growth in the previous quarter. Consumer demand remained the main driver of growth and the negative impact from trade came lower than expected while the drag from business investment was larger.
Tuesday March 22 2016
UK Inflation Rate Steady at 0.3%  
Consumer prices in the United Kingdom went up 0.3 percent year-on-year in February of 2016, the same as in January and below market expectations of 0.4 percent. On a monthly basis, consumer prices rose 0.2 percent, rebounding from a 0.8 percent decline in the previous month.
Thursday March 17 2016
BoE Leaves Monetary Policy Unchanged  
The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on March 17th, 2016 as widely expected. Policymakers said inflation remains weak and noted that the uncertainty surrounding the referendum on UK membership of the European Union may delay spending decisions and depress growth.
Wednesday March 16 2016
UK Unemployment Rate Stable at 5.1%  
British jobless rate came in at 5.1 percent in the three months to January of 2016, the same as in the previous two periods, staying at the lowest in nearly ten years. Pay growth including bonus went up 2.1 percent and excluding bonus it went up 2.2 percent, above expectations.
Friday March 11 2016
UK Trade Deficit Narrows to 4-Month Low  
British trade gap narrowed to GBP 3.45 billion in January of 2016 from an upwardly revised GBP 3.69 billion shortfall in December. It is the lowest trade deficit in four months, due to a drop in imports of unspecified goods and fuels. However, the country's trade deficit in goods with the European Union widened to GBP 8.1 billion, the largest gap on record.
Thursday February 25 2016
UK Annual GDP Growth Eases to 1.9%  
The British economy advanced 1.9 percent year-on-year in the last three months of 2015, slowing from a 2.1 percent growth in the previous period, in line with preliminary estimates. It is the worst performance since the first three months of 2013 mainly due to a slowdown in gross fixed capital formation and exports, figures from ONS second estimate showed.
Thursday February 25 2016
Household Spending Drives UK GDP Growth in Q4  
The British economy advanced 0.5 percent on quarter in the last three months of 2015, in line with the preliminary estimate. Growth was mainly driven by household spending while gross fixed capital formation and exports decreased, figures from ONS second estimate showed.
Wednesday February 17 2016
UK Unemployment Rate Steady at 5.1%  
British jobless rate came in at 5.1 percent in the three months to December of 2015, the same as in the previous period, staying at the lowest in nearly ten years. Pay growth including bonus eased to 1.9 percent while excluding bonus it went up 2 percent, above expectations.
Tuesday February 16 2016
UK Inflation Rate at 12-Month High  
Consumer prices in the United Kingdom increased 0.3 percent year-on-year in January of 2016, following a 0.2 percent rise in the previous month and matching preliminary estimates. It is the highest figure since January of 2015 due to rising housing and utilities cost while prices of food and recreation and culture fell at a slower pace. On a monthly basis, consumer prices declined 0.8 percent, the biggest drop in twelve months.
Tuesday February 09 2016
UK Trade Deficit at 3-Month Low  
British trade gap narrowed to GBP 2.7 billion in December of 2015 from an upwardly revised GBP 4.03 billion shortfall in November. It is the lowest trade deficit in three months, due to a drop in imports of unspecified goods while falling oil prices brought oil purchases down to its lowest since February of 2009.
Thursday February 04 2016
BoE Leaves Rates On Hold, Votes Unanimously  
The Bank of England Monetary Policy Committee voted unanimously to maintain the Bank Rate at 0.5 percent and leave the stock of purchased assets at £375 billion on February 4th, 2016. One policymaker has been voting for a rate hike since last summer but dropped its call as growth and inflation forecasts were lowered, signaling rates are likely to remain at record low for at least this year.
Thursday January 28 2016
UK Annual GDP Growth Weakest Since 2013  
The British economy advanced 1.9 percent year-on-year in the last three months of 2015, slowing from a 2.1 percent growth in the previous period, preliminary estimates showed. It is the worst performance since the first three months of 2013 as expansion in the services and industry slowed.
Thursday January 28 2016
UK GDP Expands 0.5% in Q4  
The British economy advanced 0.5 percent on quarter in the last three months of 2015, accelerating from a 0.4 percent growth in the previous period and in line with market expectations, preliminary estimates showed. Services contributed 0.52 percentage point to the expansion while industry subtracted 0.03 percentage point.
Wednesday January 20 2016
UK Unemployment Rate at Near 10-Year Low  
British jobless rate decreased to 5.1 percent in the three months to November of 2015, reaching the lowest level since August to October 2005. Earnings growth slowed for the second consecutive month.
Tuesday January 19 2016
BoE Signals Rates Likely to Remain at Record Low  
As UK growth has slowed and inflation would remain low, is not yet the time to raise interest rates, Governor Mark Carney said in a speech at Queen Mary University in London. The governor also pointed Chinese economic slowdown, falling oil prices and gloomier global outlook as delaying factor.
Tuesday January 19 2016
UK Inflation Rate at 11-Month High  
Consumer prices in the United Kingdom edged up 0.2 percent year-on-year in December of 2015, the highest figure since January and in line with market expectations while core inflation accelerated for the third straight month to 1.4 percent. However, inflation for 2015 was 0 percent for the first time since records began in 1950, well below the Bank of England's 2 percent target.
Thursday January 14 2016
BoE Leaves Monetary Policy Unchanged  
The Bank of England Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion on January 14th, 2016 as widely expected. Policymakers said the outlook for growth and inflation weakened and noticed past appreciation of the pound, weak global inflation and restrained domestic cost growth are also dragging consumer prices down in addition to falling oil.
Friday January 08 2016
UK Trade Deficit Narrows in November  
UK trade gap decreased to GBP 3.17 billion in November of 2015 from a downwardly revised GBP 3.5 billion shortfall in the previous month as lower oil prices led imports to fall more than exports.
Wednesday December 23 2015
UK GDP Annual Growth Revised Down to 2.1%  
The British economy advanced 2.1 percent year-on-year in the three months to September of 2015, lower than a 2.3 percent gain initially reported and lower than a downwardly revised 2.3 percent increase in the previous period. The final release from the ONS confirmed the economy posted the worst performance since the third quarter of 2013.
Wednesday December 23 2015
UK GDP Growth Revised Down to 0.4%  
The UK economy advanced 0.4 percent on quarter in the three months to September of 2015, lower than preliminary estimates of a 0.5 percent gain and slowing from a downwardly revised 0.5 percent expansion in the previous period. Gross capital formation and public spending grew less than anticipated while the drag from net external trade was smaller than expected, final figures showed.
Wednesday December 16 2015
UK Unemployment Rate Falls to 7-1/2-Year Low  
British jobless rate decreased to 5.2 percent in the three months to October of 2015, lower than 5.3 percent in the previous period. The unemployment rate fell for the fourth straight period to its lowest since the three months to May of 2008. However, earnings grew at its slowest pace since March.
Tuesday December 15 2015
UK Inflation Rate Turns Positive in November  
Consumer prices in the United Kingdom went up 0.1 percent year-on-year in November of 2015, rebounding from a 0.1 percent fall in the previous two months, boosted by higher cost of housing, utilities, restaurants and hotels while transport and food prices decreased at a slower pace. On a monthly basis, consumer prices were flat, mainly due to falling clothing prices.
Thursday December 10 2015
UK Leaves Rate at Record Low  
The Bank of England Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion at its December 2015 meeting, as widely expected. Policymakers showed concerns over slower wage growth.
Thursday December 10 2015
UK Trade Deficit at 3-Month High  
UK trade gap widened to GBP 4.14 billion in October compared to a downwardly revised GBP 1.07 billion in September as imports surged 5.4 percent and exports declined 1.6 percent. Excluding oil and other volatile goods, the deficit was the highest since records began in 1998.
Friday November 27 2015
UK GDP Annual Growth Confirmed at 2.3%  
The British economy advanced 2.3 percent year-on-year in the three months to September of 2015, slowing from a 2.4 percent expansion in the previous period and in line with preliminary estimates. The second release from the ONS confirmed the economy posted the worst performance since the third quarter of 2013 as imports grew faster than exports, bringing net external trade contribution to negative.
Friday November 27 2015
Net Trade Drags UK GDP Growth Down to 0.5%  
The UK economy advanced 0.5 percent on quarter in the three months to September of 2015, slowing from a 0.7 percent expansion in the previous period and in line with the preliminary estimate. Gross capital formation rebounded while net external proved a drag of 1.5 percentage points on overall growth in the quarter, figures from the ONS second estimate showed.
Thursday November 26 2015
BoE First Rate Hike Seen by the End of 2016  
Bank of England's key rate has been at 0.5 percent for more than six years and is likely to remain steady until the end of 2016, as inflation rate remains well below 2 percent target and growth outlook has weakened. Indeed, market predictions from to the Bank of England's quarterly Inflation Report point to an interest rate of 1.1 percent by the end of 2016, 1.7 percent by the end of 2017 and 2.3 percent by the end of 2018.
Thursday November 19 2015
UK Economic Overview  
An economic analysis here, with at least 100 characters with a brief summary and some loose details.
Tuesday November 17 2015
UK Stays in Deflation for 2nd Month  
Consumer prices in the UK dropped 0.1% yoy in October, the same as in September and in line with market expectations. It is the first time in half a century CPI have fallen on an annual basis for two months in a row. On a monthly basis, the inflation rate was 0.1 percent, rebounding from -0.1 percent in September.
Wednesday November 11 2015
UK Unemployment Rate Down to 5.3%  
British jobless rate decreased to 5.3 percent in the three months to September of 2015, down from 5.4 percent in the previous period and below market expectations. It is the lowest level since the three months to April of 2008 as the employment rate hit a fresh record high, the inactivity rate hit the lowest since 1991 while pay growth came in below expectations.
Friday November 06 2015
UK Trade Deficit Narrows in September  
UK trade gap in goods and services decreased to £1.353 billion in September of 2015 from a downwardly revised £2.9 billion shortfall in August. Lower than expected deficit can be mostly attributed to rise in exports of goods (by £600m in the month to £24bn) and decline in imports of goods (by £900m to £33.3 billion).
Thursday November 05 2015
UK Leaves Monetary Policy Unchanged  
The Bank of England Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion at its November 2015 meeting. Policymakers lowered its inflation and growth forecasts and said outlook for global growth has weakened, signaling the central bank is in no rush to raise rates.
Tuesday October 27 2015
UK GDP Annual Growth at 2-Year Low  
The British economy advanced 2.3 percent year-on-year in the three months to September of 2015, slowing from a 2.4 percent expansion in the previous period. It is the worst performance since the third quarter of 2013, preliminary estimates showed.
Tuesday October 27 2015
UK GDP Growth Below Expectations  
The British economy advanced 0.5 percent on quarter in the three months to September of 2015, slowing from a 0.7 percent expansion in the previous period, according to preliminary estimates. Figures came lower than expected, as construction declined the most in three years and manufacturing remained depressed.
Wednesday October 14 2015
UK Unemployment Rate at 7-Year Low  
British jobless rate decreased to 5.4 percent in the three months to August of 2015, down from 5.5 percent in the previous period and the lowest since March to May of 2008. The employment rate reached the highest on record while pay growth came slightly below expectations.
Tuesday October 13 2015
UK Inflation Rate Slips Into Negative Territory  
Consumer prices in the United Kingdom decreased 0.1 percent year-on-year in September of 2015, due to falling fuel, food and clothing and footwear cost. It is the first annual drop since April, below market expectations.
Friday October 09 2015
UK Trade Deficit Narrows in August on Higher Exports  
British trade gap in goods and services decreased to £3.3 billion in August 2015 from an upwardly revised £4.4 billion in July, boosted by record high car sales and higher chemical exports.
Thursday October 08 2015
BoE Leaves Rates Steady as Expected  
The Monetary Policy Committee voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion at its October 2015 meeting. Policymakers now expect a softer outlook for inflation and growth and showed concerns that global economic and financial developments may restrain economic activity.
Wednesday September 30 2015
UK GDP Annual Growth Revised Down  
The British economy expanded 2.4 percent year-on-year in the second quarter of 2015, compared to 2.6 percent earlier reported and marking the lowest growth rate in seven quarters. All expenditure components grew less than previously estimated.
Wednesday September 16 2015
UK Unemployment Rate Falls to 5.5%, Wages Up  
The jobless rate in the UK decreased to 5.5 percent in the three months to July of 2015 from 5.6 percent in the previous period. Wages rose at fastest pace in more than six years and well above the inflation rate, signaling further strength of the labor market.
Tuesday September 15 2015
UK Inflation Rate Falls Back to 0%  
British inflation rate decreased to 0 percent in August of 2015 from 0.1 percent in July, in line with market expectations as falling oil prices keep dragging transport cost down. However, the monthly rate posted the first rise in three months, up 0.2 percent.
Thursday September 10 2015
BoE Leaves Rates on Hold  
Bank of England policymakers voted by a majority of 8-1 to maintain the Bank Rate at 0.5 percent and unanimously to leave the stock of purchased assets at £375 billion.
Wednesday September 09 2015
UK Trade Deficit Widens in July  
The UK’s deficit on trade in goods and services was estimated to have been £3.4 billion in July 2015, £2.6 billion more compared with June 2015 as exports of goods plunged 9.5 percent and imports rose by 0.5 percent.
Friday August 28 2015
UK GDP Annual Growth Confirmed at 1-1/2-Year Low  
The British economy expanded 2.6 percent year-on-year in the three months to June of 2015, unrevised from the preliminary estimate but slowing for the second straight quarter. It is the lowest performance since the last quarter of 2013 as a surge in exports was not able to offset a slowdown in private and public expenditure.
Wednesday September 30 2015
UK GDP Growth Confirmed at 0.7%  
The British economy expanded 0.7 percent on quarter in the three months to June of 2015, higher than a 0.4 percent increase in the previous period and in line with preliminary estimates. It is the tenth consecutive quarter of growth, driven by a surge in business investment and exports.
Tuesday August 18 2015
UK Inflation Rate Tops Forecasts  
British inflation rate rose to 0.1 percent in July, beating market expectations and higher than 0 percent in June, driven by cost of housing and utilities and a rebound in clothing and footwear prices. Core inflation hit a five-month high.
Wednesday August 12 2015
UK Unemployment Rate Stable at 5.6%  
The jobless rate in the UK remained unchanged at 5.6 percent in the three months to June 2015 while the number of jobless claims fell by an unexpectedly sharp 4,900.
Friday August 07 2015
UK Trade Deficit Widens to £1.6B in June  
The UK’s deficit on trade in goods and services was estimated to have been £1.6 billion in June 2015, compared with £0.9 billion in May 2015. This reflects a deficit of £9.2 billion on goods, partially offset by an estimated surplus of £7.6 billion on services.
Thursday August 06 2015
The Bank of England Keeps Monetary Policy Unchanged  
The Monetary Policy Committee, voted by a majority of 8-1 to maintain Bank Rate at 0.5% and unanimously to maintain the stock of purchased assets at £375 billion. The Bank has also raised its growth forecasts for this year and cut its inflation projection.
Tuesday July 28 2015
UK GDP Growth at 1-1/2-Year Low  
The British economy expanded 2.6 percent year-on-year in the second quarter of 2015, in line with market expectations but slowing from a 2.9 percent rise in the previous period. Yet, it is the lowest expansion since the last three months of 2013, due to a slowdown in services and manufacturing, preliminary estimates showed.
Tuesday July 28 2015
UK GDP Growth Accelerates in Q2  
The British economy expanded 0.7 percent on quarter in the three months to June 2015, in line with market expectations and boosted by business services and finance and gas and oil production, preliminary estimates showed.
Wednesday July 22 2015
BoE Unanimous on Rates but a Hike May Come Soon  
Bank of England policymakers voted unanimously to leave the Bank Rate at a record low 0.5 percent in July but some members showed concerns over upside risks to the inflation, signaling a rate hike may occur sooner than expected, minutes from last MPC meeting showed.
Friday July 17 2015
BoE Likely to Decide When To Raise Rates by the End of the Year  
A decision about the timing of raising rates will come by the end of the year and will be gradual, BoE Governor Mark Carney signaled during the speech delivered at the Lincoln Cathedral.
Wednesday July 15 2015
UK Unemployment Rate Rises to 5.6%  
The jobless rate in the UK increased to 5.6 percent in the three months to May 2015 from 5.5 percent in the previous period. It is the first increase since 2013 as employment fell and unemployment went up while wages grew below expectations.
Tuesday July 14 2015
UK Inflation Rate Back to 0%  
British inflation rate slowed to 0 percent in June from 0.1 percent in May, in line with market expectations as transport and food prices fell further while cost of housing and utilities increased slightly.
Friday July 10 2015
UK Trade Deficit at 2-Year Low  
British trade gap decreased to £0.393 billion in May of 2015 from an upwardly revised £1.8 billion in April. It is the lowest shortfall since June of 2013, mainly driven by a drop in imports of ships.
Thursday July 09 2015
BoE Leaves Rates Steady  
The Bank of England left the Bank Rate on hold at a record low 0.5 percent on July 9th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Tuesday June 30 2015
UK GDP Advances 2.9% YoY in Q1  
The British economy expanded 2.9 percent year-on-year in the first three months of 2015, better than a previous estimate of 2.4 percent.
Tuesday June 30 2015
UK GDP Growth Revised Up  
The British economy expanded 0.4 percent in the first three months of 2015, better than an initial estimate of 0.3 percent and boosted by household consumption and investment. Still, it is the lowest growth rate since the last quarter of 2013.
Wednesday June 17 2015
UK Unemployment Rate Steady at 5.5%  
The jobless rate in the UK remained unchanged at 5.5 percent in the three months to April 2015, in line with market expectations. Employment continued to rise and wages posted the highest gain since the global financial crisis.
Tuesday June 16 2015
UK Consumer Prices Rise for The First Time in 4 Months  
Consumer prices in Britain increased 0.1 percent year-on-year in May of 2015, following a 0.1 percent drop in April, as cost of housing and utilities increased while transport and food cost fell at a slower pace.
Tuesday June 09 2015
UK Trade Deficit at 1-Year Low  
British trade gap decreased to £1.2 billion in April from an upwardly revised £3 billion in the previous month. It is the lowest figure since March last year as exports posted the biggest gain in seven months while imports shrank.
Thursday June 04 2015
BoE Leaves Monetary Policy Unchanged  
The Bank of England left the Bank Rate on hold at a record low 0.5 percent on June 4th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Thursday May 28 2015
UK GDP Growth Confirmed at 2-Year Low  
The British economy expanded 2.4 percent year-on-year in the first three months of 2015, the lowest growth rate since the last quarter of 2013, second estimates released by the Office for National Statistics showed.
Thursday May 28 2015
UK GDP Growth Confirmed at 0.3%  
The British economy expanded 0.3 percent in the first three months of 2015 matching preliminary estimates but slowing from a 0.6 percent rise in the previous period. Second estimates released by the Office for National Statistics showed a drop in exports and higher imports weighted down on growth.
Wednesday May 20 2015
BoE Unanimous on Rates  
Bank of England policymakers voted unanimously to leave the Bank Rate at a record low 0.5 percent, minutes from MPC meeting held in May showed. The central bank said the dip in inflation is unlikely to last long but showed concerns over recent house price increase.
Tuesday May 19 2015
UK Inflation Rate at Record Low  
Consumer prices in Britain fell 0.1 percent year-on-year in April, compared to no change in March, driven by lower food and fuel cost. This is the first time the CPI has fallen since official records began in 1996 and the first time since 1960 based on comparable historic estimates.
Wednesday May 13 2015
BoE Cuts Growth Forecasts  
The Bank of England revised down its GDP growth estimates for the next three years and signaled a rate rise may not occur until mid-2016, according to latest Inflation Report released on May 13th.
Wednesday May 13 2015
UK Unemployment Rate Falls Further  
The jobless rate in the UK decreased to 5.5 percent in the three months to March 2015 from 5.6 percent in the previous period. It is the lowest number since May-July 2008 as the employment rate reached the highest since records began in 1971.
Monday May 11 2015
BoE Leaves Rate Steady at 0.5%  
The Bank of England left the Bank Rate on hold at a record low 0.5 percent on May 11th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Friday May 08 2015
UK Trade Deficit Narrows in March  
British trade gap decreased slightly to £2.8 billion in March from a revised £3.3 billion in the previous month as exports to countries outside the European Union rose and imports of aircraft and ships declined.
Tuesday April 28 2015
UK GDP Growth at 2-Year Low  
The British economy grew 2.4 percent year-on-year in the first three months of 2015, the lowest in five quarters, dragged down by a fall in mining and construction and a slowdown in services and manufacturing.
Tuesday April 28 2015
UK Q1 GDP Growth Disappoints  
The British economy expanded a weaker-than-expected 0.3 percent on quarter in the first three months of 2015, hurt by a slowdown in business, financial services and manufacturing and decline in mining and construction.
Wednesday April 22 2015
BoE Unanimous on Holding Rates at Record Low  
Bank of England policymakers voted unanimously to leave the Bank Rate at a record low 0.5 percent and expected the inflation to become negative in the coming months, minutes from MPC meeting held in April showed.
Friday April 17 2015
UK Unemployment Rate Lowest Since 2008  
British jobless rate decreased to 5.6 percent in the three months to February from 5.7 percent in the previous period. Employment increased at its fastest pace in nearly a year while pay growth rose well above inflation.
Tuesday April 14 2015
UK Inflation Rate Stays at 0% in March  
Consumer prices in Britain remained unchanged in March for the second consecutive month driven by a fall in prices of transport, leisure and food. It is the lowest rate since records began in 1989.
Thursday April 09 2015
BoE Holds Key Rate at Record Low  
The Bank of England left the Bank Rate on hold at a record low 0.5 percent on April 9th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Thursday April 09 2015
UK Trade Deficit at 5-Month High  
British trade gap increased to £2859 million in February from a revised £1536 million in the previous month as exports fell to a six-month low due to weaker sales to the United States.
Tuesday March 31 2015
UK Economy Expands 2.8% in 2014  
The British GDP advanced 3 percent year-on-year in the last quarter of 2014, up from a 2.7 percent preliminary estimate as net trade contributed positively to the growth and the services sector continued to power the economy.
Tuesday March 31 2015
UK GDP Growth Revised Up to 0.6% in Q4  
The British economy advanced 0.6 percent on quarter in the last three months of 2014, higher than 0.5 percent estimate released last month and driven by rise in exports.
Tuesday March 24 2015
UK Inflation Rate Drops to 0% in February  
British consumer prices were unchanged in the year to February 2015, the level not seen since comparable records started in 1989. The main contributions to the slowdown came from food, fuel, furniture & furnishings and a range of recreational goods.
Wednesday March 18 2015
UK Unemployment Rate Stable at 5.7%  
British jobless rate remained steady at 5.7 percent in the three months to January of 2015, the lowest since mid-2008. The employment rate reached a record high but pay growth slowed.
Thursday March 12 2015
UK Trade Deficit Narrows to 1-1/2-Year Low  
British trade gap decreased to £616 million in January from a revised £2142 million in the previous month. It is the lowest shortfall since June of 2013 due to a sharp drop in oil imports and higher exports of services.
Thursday March 05 2015
BoE Leaves Monetary Policy Unchanged  
The Bank of England left the Bank Rate on hold at a record low 0.5 percent on March 5th as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Thursday February 26 2015
UK GDP Growth Confirmed at 7-Year High  
The British economy advanced 2.7 percent year-on-year in the last quarter of 2014, unchanged from the preliminary estimate. It is the highest growth rate since the last three months of 2007, driven by rise in consumption, investment and net trade.
Thursday February 26 2015
UK GDP Growth Confirmed at 0.5% in Q4  
The British economy grew 0.5 percent in the last three months of 2014, slowing from a 0.7 percent rise in the previous period, second estimates released by the Office for National Statistics showed.
Wednesday February 18 2015
UK Unemployment Rate at 6-1/2-Year Low  
British jobless rate decreased to 5.7 percent in the three months to December of 2014 from 5.8 percent in the previous period, the lowest since mid-2008. Pay growth rose above inflation for the third straight month.
Tuesday February 17 2015
UK Inflation Rate at Record Low  
British annual inflation rate eased to 0.3 percent in January of 2015 from 0.5 percent in the previous month, reaching the lowest on record. Falling prices for motor fuels and food were the main contributors to the slowdown.
Thursday February 12 2015
BoE Shows Concerns Over Low Inflation  
Inflation rate is more likely than not to fall below zero, according to latest Inflation Report released by the Bank of England. Policymakers also said they are ready to take whatever action is needed to ensure inflation comes back to target, including cutting rates.
Friday February 06 2015
UK Trade Deficit Widens 57% in December  
British trade gap increased to £2.9 billion in December of 2014 from a revised £1.8 billion in the previous month, driven by a surge in oil imports. In 2014, the goods deficit was £120 billion, the highest since records began in 1998.
Thursday February 05 2015
BoE Holds Rates at Record Low  
The Bank of England left the Bank Rate steady at 0.5 percent at its February 5th meeting, as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Tuesday January 27 2015
UK GDP Growth at 7-Year High  
British GDP advanced 2.7 percent year-on-year in the last quarter of 2014, up from a 2.6 percent increase in the previous period and the highest since 2007.
Tuesday January 27 2015
UK Economy Slows More than Expected  
British GDP advanced 0.5 percent on quarter in the last three months of 2014, below market expectations and compared with a 0.7 percent expansion in the previous period. Preliminary estimates showed services were the main driver of growth while construction and mining shrank.
Wednesday January 21 2015
BoE Voted Unanimously to Leave Rates on Hold  
Minutes from MPC’s meeting held in January showed policymakers voted unanimously for the first time since July to keep rates at record low as two members dropped their call for higher rates due to low inflation. A rate hike may occur later than expected as policymakers believe there's a roughly even chance of deflation in the first half of 2015.
Wednesday January 21 2015
UK Unemployment Rate at 6-1/2-Year Low  
British jobless rate decreased to 5.8 percent in the three months to November, the lowest since July of 2008. Weekly wages rose above the inflation rate for the second straight month.
Tuesday January 13 2015
UK Inflation Rate At 14-Year Low  
British annual inflation rate slowed to 0.5 percent in December of 2014 from 1 percent in the previous month, due to a drop in food and fuel prices. It is the lowest rate since May of 2000.
Friday January 09 2015
UK Trade Deficit Narrows to 17-Month Low  
British trade gap decreased to £1.4 billion in November of 2014 from a revised £2.2 billion in the previous month. It is the lowest shortfall since June of 2013 as lower oil prices reduced the country's imports.
Thursday January 08 2015
BoE Holds Rates in January  
The Bank of England left the Bank Rate steady at 0.5 percent at its January 8th meeting, as widely expected. The size of the Asset Purchase Programme was left unchanged at £375 billion.
Tuesday December 23 2014
UK GDP Growth Revised Down to 2.6% in Q3  
The British economy expanded 2.6 percent year-on-year in the third quarter of 2014, compared with a previous estimate of 3 percent, due to lower business investment and higher imports.
Tuesday December 23 2014
UK GDP Growth Confirmed at 0.7% in Q3  
The British economy expanded 0.7 percent on quarter in the three months to September, in line with previous estimates but down from a revised 0.8 percent increase in the previous period. Household and government consumption were the main drivers of growth.
Wednesday December 17 2014
UK Unemployment Rate Unchanged at 6%  
British jobless rate remained steady at 6 percent in three months to October while weekly wages rose 1.6 percent, above the inflation rate for the first time since 2009.
Tuesday December 16 2014
UK Inflation Rate Down to 12-Year Low  
British consumer prices rose 1 percent year-on-year in November, slowing from a 1.3 percent rise in the previous month. It is the lowest rate since September of 2002 due to a fall in motor fuel and food prices.
Wednesday December 10 2014
UK Trade Deficit Narrows to 7-Month Low  
British trade gap decreased to £ 2.04 billion in October of 2014 from a revised £ 2.8 billion in the previous month. It is the lowest shortfall since March due to a fall in fuel imports and higher silver sales.
Thursday December 04 2014
Bank of England Keeps Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee, as expected, maintained Bank Rate at 0.5% and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Wednesday November 26 2014
UK GDP Growth Matches Estimates in Q3  
The British economy expanded 3 percent year-on-year in the third quarter of 2014, unrevised from the preliminary estimate. Private consumption was the main contributor to growth while exports shrank for the second consecutive quarter.
Wednesday November 26 2014
UK Economy Expands 0.7% in Q3  
The British economy grew 0.7 percent in the three months to September, according to the second estimate released by the statistical office. Private consumption and government spending were the main drivers of expansion while business investment and exports shrank.
Tuesday November 18 2014
UK Inflation Rate Edges Up in October  
British annual inflation rate accelerated slightly to 1.3 percent in October from 1.2 percent in the previous month. While an increase in the cost of alcoholic beverages and tobacco, recreation and culture drove consumer prices higher; cost of food and motor fuels fell.
Wednesday November 12 2014
BoE Cuts Inflation and Growth Forecasts  
The BoE expects inflation to fall below 1 percent in the near term and growth of 3.5 percent in 2014. Forecasts from November’s Inflation Report signaled a rate rise may occur later than anticipated.
Wednesday November 12 2014
UK Unemployment Rate Steady at 6%  
British jobless rate was unchanged at 6 percent in the three months to September of 2014 but wage growth increased more than expected, surpassing inflation. The claimant count for October fell by 20.4 thousand.
Friday November 07 2014
UK Trade Deficit Widens Sharply in September  
UK’s trade gap increased to £2.84 billion in September of 2014 from a revised £1.77 billion shortfall in August. It is the second highest monthly trade deficit this year, due to a surge in oil imports.
Thursday November 06 2014
BoE Leaves Monetary Policy Unchanged  
The Bank of England decided to keep the bank rate unchanged at 0.5 percent on November 6th. The decision was widely expected.
Friday October 24 2014
UK Economy Advances 3% YoY in Q3  
British GDP expanded 3 percent year-on-year in the third quarter of 2014 compared with a 3.2 percent increase in the previous three months. Yet, preliminary estimates showed the GDP is estimated to have been 3.4 percent higher than the pre-economic downturn peak of the first quarter of 2008.
Friday October 24 2014
UK GDP Growth Slows in Q3  
The UK economy expanded 0.7 percent on quarter in the three months to September, slowing from a 0.9 percent increase in the second quarter. Preliminary estimates showed services were the biggest contributor to the growth while mining and quarrying shrank for the second consecutive quarter and manufacturing posted the lowest gain in six quarters.
Wednesday October 15 2014
UK Unemployment Rate Beats Expectations  
The UK jobless rate fell for the seventh straight time to 6 percent in the three months to August of 2014. While the number of unemployment persons posted the largest annual drop on record, employment grew at its slowest pace in more than a year.
Tuesday October 14 2014
UK Inflation Rate Falls More Than Expected  
UK annual inflation rate eased to 1.2 percent in September of 2014 from 1.5 percent in August. It is the lowest rate in five years driven by a fall in food and motor fuel prices.
Friday October 10 2014
UK Trade Deficit Narrows in August  
UK’s trade gap decreased to £ 1.9 billion in August of 2014 from a revised £ 3.1 billion shortfall in July, mainly due to a large drop in imports from non-EU countries.
Thursday October 09 2014
BoE Leaves Rates at Record Low  
At its October meeting, the Bank of England decided to leave the bank rate on hold at 0.5 percent. The stock of purchased assets financed by the issuance of central bank reserves was also left unchanged at £375 billion.
Tuesday September 30 2014
UK Economy Advances 3.2% YoY in Q2  
British GDP expanded 3.2 percent year-on-year in the second quarter of 2014, unrevised from the second estimate but up from a flash 3.1 percent. Gross fixed capital formation recorded the highest gain in more than eleven years.
Tuesday September 30 2014
UK GDP Grows Stronger Than Expected  
The UK economy expanded 0.9 percent in the second quarter of 2014, up 0.1 percentage points from the second estimate, mainly due to changes in the GDP calculating methods. Figures for the first quarter were also revised to a 0.7 percent expansion, from a 0.8 percent increase previously reported.
Wednesday September 17 2014
UK Unemployment Rate Down to Nearly 6-Year Low  
The UK jobless rate continued to fall, reaching 6.2 percent in the three months to July of 2014, the lowest since late 2008. Yet, employment increased at its slowest pace in more than a year.
Tuesday September 16 2014
UK Inflation Rate Down to 1.5%  
UK annual inflation rate slowed for the second consecutive month to 1.5 percent in August of 2014 from 1.6 percent in July. Falls in prices of motor fuels and food and non-alcoholic drinks provided the largest downward contributions while the largest, partially offsetting, upward effects came from clothing, transport services and alcohol.
Tuesday September 09 2014
BoE May Raise Rates Sooner Than Expected  
In a speech during the 146th annual Trades Union Congress, the Bank of England Governor Mark Carney signaled the benchmark interest rate may start rising by the spring of 2015, as the economic recovery has exceeded all expectations.
Tuesday September 09 2014
UK Trade Deficit At 10-Month High  
The UK trade gap widened to £ 3.3 billion in July from £ 2.5 billion in June. Imports of goods recorded the largest monthly increase in nearly two years driven by purchases of fuels and chemicals.
Thursday September 04 2014
BoE Leaves Monetary Policy Unchanged  
At its September meeting, the Bank of England decided to leave the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Tuesday August 19 2014
UK Inflation Rate Slows to 1.6%  
The UK annual inflation rate decelerated to 1.6 percent in July from 1.9 percent in June. Falls in clothing prices contributed the most to the drop while other downward effects came from alcohol, financial services and food.
Friday August 15 2014
UK GDP Growth Confirmed at 0.8% in Q2  
UK economy expanded by 0.8 percent in Q2 2014, the second consecutive quarter-on-quarter increase of 0.8 percent, unrevised from the preliminary estimate published on July 25th.
Wednesday August 13 2014
UK Unemployment Rate Drops to 6.4%  
UK jobless rate continued to fall, reaching 6.4% for April to June 2014, the lowest since late 2008 while the number of people claiming unemployment benefits declined more-than-expected in July.
Friday August 08 2014
UK Trade Deficit Widens in June  
UK trade gap increased to £2.5 billion in June, compared with £2.4 billion in the previous month as exports of goods fell.
Thursday August 07 2014
Bank of England Keeps Bank Rate at 0.5%  
The Bank of England’s Monetary Policy Committee voted to maintain its benchmark interest rate at 0.5% at its meeting on August 7th. The Committee also pledged to keep the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Friday July 25 2014
UK GDP Growth Matches Estimates in Q2  
The UK economy advanced 3.1 percent year-on-year in the second quarter of 2014, accelerating from a 3 percent expansion in the previous quarter, according to preliminary estimates. It is the highest growth rate since the last three months of 2007.
Friday July 25 2014
UK GDP Expands 0.8% in Q2  
The UK economy advanced 0.8 percent on quarter in the three months to June, the same growth rate recorded in the previous period, driven by the services sector. Preliminary estimates showed the economy is now 0.2 percent bigger than in the first quarter of 2008, its previous peak.
Wednesday July 16 2014
UK Unemployment Rate Drops Further  
In the three months to May 2014, the UK’s jobless rate fell to 6.5 percent from 6.6 percent in the previous period, the lowest since late 2008. While employment continued to rise, pay growth increased less than expected.
Tuesday July 15 2014
UK Inflation Rate Unexpectedly Jumps to 1.9%  
The UK annual inflation rate accelerated to 1.9 percent in June of 2014 from 1.5 percent in the previous month. It is the highest rate since January this year, driven by a rise in prices of clothing, food and non-alcoholic drinks and air transport.
Thursday July 10 2014
BoE Leaves Monetary Policy Unchanged  
At its July 10th meeting, the Monetary Policy Committee of the Bank of England left the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Thursday July 10 2014
UK Trade Deficit Widens More than Expected  
UK’s trade gap on goods and services increased to £2.42 billion in May of 2014, from a revised £2.05 billion in April. It is the highest shortfall in four months, due to a surge in imports of aircrafts.
Friday June 27 2014
UK GDP Annual Growth Revised to 3% in Q1  
The UK economy expanded 3 percent year-on-year in the first quarter of 2014, slightly down from a preliminary 3.1 percent estimate, as government spending and investment grew less than anticipated.
Friday June 27 2014
Investment Drives UK GDP Growth in Q1  
The British economy expanded 0.8 percent in the first quarter of 2014, according to final figures and unchanged from the previous estimates, driven by business investment. Year-on-year, the GDP advanced 3 percent, slightly down from a preliminary 3.1 percent estimate.
Wednesday June 18 2014
BoE Signals Rate Increase  
Minutes of June's monetary policy meeting showed the Bank of England could raise rates before the end of this year. Although slack estimations remain unchanged, policymakers said they were uncertain and found it somewhat surprising that markets attached only a relatively low probability of a Bank Rate increase this year.
Tuesday June 17 2014
UK Inflation Down to 4-1/2 Year Low  
The UK annual inflation rate slowed to 1.5 percent in May of 2014 from 1.8 percent in the previous month, due to a fall in food prices and cost for air and sea fares. It is the lowest rate since October of 2009.
Friday June 13 2014
Bank of England Hints Rate Rise in 2014  
On June 12th, during the annual Mansion House speech, Mark Carney said the Bank of England could raise interest rates from a record low earlier than expected as the mounting debt related to the housing market could undermine stability.
Wednesday June 11 2014
UK Unemployment Falls to 6.6%  
In the three months to April 2014, the UK jobless rate decreased to 6.6 percent from 6.8 percent in the previous period. It is the lowest rate since early 2009 as employment surged.
Friday June 06 2014
UK Trade Deficit Widens Sharply in April  
UK's trade gap on goods and services increased to £2.5 billion in April 2014, compared with £1.1 billion in March 2014, as exports to countries outside the European Union declined and imports grew slightly.
Thursday June 05 2014
BoE Leaves Monetary Policy Unchanged  
At its June 5th, 2014 meeting, the Monetary Policy Committee of the Bank of England left the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Thursday May 22 2014
UK GDP Advances 3.1% YoY in Q1  
The UK economy expanded 3.1 percent year-on-year in the first quarter of 2014, in line with expectations and unchanged from the preliminary estimate.
Thursday May 22 2014
UK GDP Growth Unrevised at 0.8% in Q1  
UK GDP advanced 0.8 percent in the first quarter of 2014, unrevised from last month's preliminary estimate. While production, construction and services expanded on the quarter, agriculture shrank by 0.7 percent.
Wednesday May 21 2014
UK Inflation Rises More Than Expected  
UK consumer prices rose to an annual 1.8 percent in April of 2014, up from 1.6 percent in the previous month, driven by higher traveling cost during the Easter holidays.
Wednesday May 14 2014
BoE Says No Rush to Raise Rates  
BoE’s Governor Mark Carney said the central bank is in no rush to raise interest rates, suggesting it will wait until next year to tight monetary policy. While the economy has edged closer to the point at which bank rate will need gradually to rise, policymakers consider there is scope to make further inroads into slack before the first increase in Bank Rate is necessary.
Wednesday May 14 2014
UK Unemployment Continues to Fall  
In the three months to March 2014, the UK jobless rate decreased to 6.8 percent from 6.9 percent in the previous period. Increases in employment were mainly due to more self-employed people and pay growth rose more than inflation for the first time since 2010.
Friday May 09 2014
UK Trade Deficit Narrows to 3-Month Low in March  
UK trade gap declined to £1.3 billion in March, compared with a deficit of £1.7 billion in the previous month as exports grew more than imports.
Thursday May 08 2014
Bank of England Keeps Rates on Hold  
At its May 8th, 2014 meeting, the Monetary Policy Committee voted to maintain the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Tuesday April 29 2014
UK GDP Advances at Fastest Pace in Six Years  
The UK economy expanded 3.1 percent year-on-year in the first three months of 2014, up from a 2.7 percent expansion in the previous quarter. Preliminary estimates showed the economy accelerated for the fifth straight quarter.
Tuesday April 29 2014
UK Economy Grows Below Expectations in Q1  
UK’s GDP advanced 0.8 percent in the first three months of 2014, marking a fifth straight quarter of economic expansion. While manufacturing and services climbed 1.3 percent and 0.9 percent respectively, agriculture and mining were down.
Wednesday April 16 2014
UK Unemployment Rate Down to 5-Year Low  
In the three months to February of 2014, UK jobless rate fell to 6.9 percent, down from 7.2 percent in the previous period. Pay growth rose 1.7 percent and caught up with inflation for the first time in nearly four years.
Tuesday April 15 2014
UK Inflation Rate Slows Further in March  
UK annual consumer prices fell to its lowest in over four year in March of 2014. The inflation rate decelerated for the sixth consecutive month to 1.6 percent, down from 1.7 percent in February, due to lower fuel, clothing and furniture prices.
Thursday April 10 2014
BoE Leaves Rate Steady  
At its April 10th, 2014 meeting, Bank of England decided to leave the benchmark interest rate on hold at 0.5 percent and the size of its asset purchase programme unchanged at £375 billion, as widely expected.
Wednesday April 09 2014
UK Trade Deficit Narrows in February  
Britain’s goods and services trade gap decreased to £ 2.06 billion in February of 2014, down from a revised £ 2.2 billion deficit in the previous month, as both exports and imports fell.
Friday March 28 2014
UK Economy Advances 1.7% in 2013  
The UK GDP expanded at its fastest pace in three years in 2013. Final estimates showed the economy advanced 1.7 percent, compared with a meager 0.3 percent expansion in 2012. Between Q4 2012 and Q4 2013, the GDP increased by 2.7 percent, unrevised from the previous estimate.
Friday March 28 2014
UK GDP Growth Confirmed at 0.7% in Q4  
UK economy advanced 0.7 percent quarter on quarter in the last three months of 2013, in line with previous estimates. Full-year GDP growth in 2013 was revised down to 1.7 percent from 1.8 percent recorded earlier.
Tuesday March 25 2014
UK Inflation Rate Slows to 4-Year Low  
In February of 2014, UK’s annual consumer prices eased to 1.7 percent, the lowest rate since October of 2009, dipping further below the Bank of England's target. The biggest downward contribution was transport cost, mainly fuel prices, which showed its biggest drop since September 2009.
Wednesday March 19 2014
UK Unemployment Rate Steady at 7.2%  
In the three months to January of 2014, UK jobless rate remained unchanged at 7.2 percent, after rising to that level in the three months to December of 2013. Claimant count decreased more than expected and average weekly earnings picked up.
Friday March 14 2014
UK Trade Deficit Widens 76% YoY in January  
UK’s trade deficit increased sharply to £ 2.56 billion in January of 2014, compared with a £ 1.45 billion gap a year earlier and a revised £ 0.66 billion deficit in December of 2013. Exports of goods and services fell to a 14-month low hurt by lower sales of aircraft and chemicals.
Thursday March 06 2014
BoE Leaves Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee decided on March 6th 2014 to maintain the bank rate on hold at 0.5 percent, as widely expected. The stock of asset purchases was also left unchanged at 375 billion pounds.
Wednesday February 26 2014
UK GDP Growth Revised to 2.7% YoY in Q4  
In the fourth quarter of 2013, UK's economy expanded 2.7 percent over a year earlier, revised down 0.1 percentage points from the previously estimated 2.8 percent increase. For full 2013, the economy advanced 1.8 percent, revised down 0.1 percentage points from the previously estimated 1.9 percent increase.
Wednesday February 26 2014
UK GDP Growth Confirmed at 0.7% in Q4  
UK's GDP rose 0.7 percent on a quarter-on-quarter basis in the last three months of 2013, matching initial estimates and recording its fourth consecutive quarter of growth. Compared with the same quarter of 2012, the GDP expanded 2.7 percent, revised down 0.1 percentage points from the previously estimated 2.8 percent increase.
Wednesday February 19 2014
UK Unemployment Rate Rises Unexpectedly  
In the three months to December of 2013, UK’s jobless rate surprisingly rose to 7.2 percent, after falling to 7.1 percent from September to November. In the same period, unemployment fell by 125K to 2.34 million and both youth and long-term unemployment rate declined.
Tuesday February 18 2014
UK Inflation Rate Below BoE’s Target  
UK’s inflation rate fell for the first time in more than four years below the Bank of England's target level. The CPI rose by an annual 1.9 percent in January of 2014, down from 2 percent in December.
Wednesday February 12 2014
Bank of England Drops Jobs Link With Interest Rate  
The Bank of England Governor Mark Carney, on February 12th, pledged the Bank would no longer tie its future policy decisions to any particular economic indicator and hinted that interest rates may need to start rising in 2015.
Friday February 07 2014
UK Trade Deficit Narrows 71% in December  
UK's trade deficit shrank to its lowest since July of 2012 in December of 2013 boosted by a jump in exports of oil, chemicals and aircraft and a fall in imports of aircraft and ships.
Thursday February 06 2014
Bank of England Keeps Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee voted on February 6th to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Tuesday January 28 2014
UK GDP Advances 2.8% YoY in Q4 2013  
Preliminary estimates showed the UK's economy advanced 2.8 percent yoy in the last quarter of 2013, up from 1.9 percent in the previous period. It is the highest growth rate since the first three months of 2008.
Tuesday January 28 2014
UK GDP Growth Matches Expectations in Q4 2013  
In the fourth quarter of 2013, UK's GDP grew 0.7 percent over the previous quarter, boosted by the services sector. Though matching market expectations, preliminary estimates showed the economy slowed in the last three months of 2013 from a 0.8 percent growth rate recorded in the previous two quarters.
Wednesday January 22 2014
UK Unemployment Rate Falls to 7.1%  
UK's jobless rate fell sharply to 7.1 percent in September to November of 2013, beating market expectations. The unemployment rate is down 0.3 percentage points from September to November of 2013 and down 0.6 from a year earlier.
Tuesday January 14 2014
UK Inflation Rate Slows to 2% in December and Hits BoE Target  
In December of 2013, UK inflation rate decelerated to 2 percent from 2.1 percent in the previous month and reached Bank of England's target level. This is the first time that the CPI has been at or below the target since November of 2009, when the index stood at 1.9 percent. On a monthly basis, prices slowed to 0.4 percent from 0.5 percent in November.
Thursday January 09 2014
Bank of England Holds Bank Rate at 0.5%  
In its January 9th meeting, the Bank of England Monetary Policy Committee decided to maintain the stock of asset purchases unchanged at 375 billion pounds, as widely expected. The official Bank Rate paid on commercial bank reserves was also kept at 0.5 percent.
Thursday January 09 2014
United Kingdom Trade Deficit Widens in November  
In November, deficit on trade in goods and services was estimated to have been £3.2 billion in November 2013, compared with a deficit of £3.5 billion in October. There was a deficit of £9.4 billion on goods, partly offset by an estimated surplus of £6.2 billion on services.
Friday December 20 2013
UK Q3 Final GDP Growth at 0.8% QoQ  
In the third quarter of 2013, the final reading for the UK quarter-on-quarter GDP growth was confirmed at 0.8 percent. Second quarter growth was revised up to 0.8 percent and the third quarter annual rate was also revised upwards, from 1.5 percent to 1.9 percent.
Friday December 20 2013
UK Q3 GDP Growth Revised Up to 1.9% YoY  
In the third quarter of 2013, UK’s GDP growth was revised to a final reading of 1.9 percent year-on-on-year, up from an earlier estimate of 1.5 percent. Later data for expenditure, in particular household final consumption expenditure, has led to upward revisions for GDP since Q1 2012. Quarter-on-quarter, GDP growth was confirmed at 0.8 percent.
Wednesday December 18 2013
UK Unemployment Rate Down to 4-1/2-Year Low  
UK's jobless rate fell to 7.4 percent in August to October of 2013, the lowest rate since March of 2009. The unemployment rate is down 0.3 percentage points from May to July of 2013 and down 0.5 from a year earlier.
Tuesday December 17 2013
UK Inflation Rate Slows to 4-Year Low in November  
In November of 2013, UK's annual inflation rate slowed for the second straight month to 2.1 percent, the lowest rate since November of 2009. The largest contributions to the fall came from food and the utilities (gas and electricity), which were partially offset by upward pressures from the transport sector and from some aspects of recreation and culture.
Tuesday December 10 2013
UK Trade Deficit Unchanged in October  
Seasonally adjusted, the UK's deficit on trade in goods and services was estimated to have been £2.6 billion in October 2013, unchanged from the revised September 2013 estimate. Both exports and imports decreased slightly to £41.35 billion and £43.97 billion.
Thursday December 05 2013
UK Monetary Policy Unchanged in December  
At its December 5th meeting, the Bank of England Monetary Policy Committee decided to leave its bond-buying programme unchanged at 375 billion pounds, as widely expected. The official Bank Rate paid on commercial bank reserves was also kept at 0.5 percent.
Wednesday November 27 2013
UK GDP Growth Matches Initial Estimates in Q3  
In the third quarter of 2013, UK’s annual GDP growth rate was confirmed at 1.5 percent, up from 1.3 percent in the previous quarter. Construction and services contributed to the growth rate, almost all industrial sectors contracted over a year earlier.
Wednesday November 27 2013
UK GDP Growth Confirmed at 0.8% in Q3  
In Q3, United Kingdom GDP growth accelerated to 0.8 percent quarter-on-quarter, up from 0.7 percent in the previous three-month period and matching the initial estimate. While production in manufacturing, construction and services boosted the expansion, electricity and agriculture shrank.
Wednesday November 13 2013
United Kingdom Unemployment Rate Down to 7.6% in September  
UK’s jobless rate for July to September 2013 was reported at 7.6 percent of the economically active population, down 0.2 percentage points from April to June 2013 and from a year earlier. It is the lowest rate since March of 2009.
Tuesday November 12 2013
United Kingdom Inflation Rate at 13-Month Low in October  
In October, UK’s consumer prices index (CPI) grew by 2.2 percent, down from 2.7 percent in September. The largest contributions to the fall in the rate came from the transport (notably motor fuels) and education (tuition fees) sectors.
Friday November 08 2013
United Kingdom Trade Deficit Slightly Widens in September  
In September, UK’s trade deficit in goods and services was £3.268 billion, compared with a deficit of £-3.252 billion in August. It is the widest deficit in 13 months.
Thursday November 07 2013
Bank of England Leaves Rates Unchanged in November  
In its November 7th meeting, the Bank of England’s Monetary Policy Committee decided to leave its benchmark interest rate at a record low of 0.5 percent, as expected. The Committee also decided to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Friday October 25 2013
UK Economy Expands 0.8% in Q3  
In Q3, United Kingdom GDP growth accelerated to 0.8 percent quarter-on-quarter, up from 0.6 percent in the second quarter of 2013 and in line with expectations. Output increased in all main industrial groups and at its fastest pace in more than three years.
Friday October 25 2013
UK GDP Growth Accelerates to 1.5% YoY in Q3  
In the second quarter of 2013, UK’s GDP growth was reported at 1.5 percent on an annual basis, driven by the construction and services sectors. It is the strongest year-on-year GDP growth since first quarter of 2011.
Wednesday October 16 2013
United Kingdom Unemployment Rate Steady at 7.7% in August  
UK's unemployment rate for June to August 2013 was 7.7 percent of the economically active population, unchanged from the previous month and down 0.1 percentage points from March to May 2013. Youth unemployment was unchanged at 21.0 percent.
Tuesday October 15 2013
United Kingdom Inflation Steady at 2.7% in September  
In September, UK's Consumer Prices Index grew by 2.7 percent year-on-year, unchanged from August. The largest upward contribution came from air fares, though this was offset by a downward contribution from petrol and diesel prices.
Thursday October 10 2013
Bank of England Keeps Policy Unchanged in October  
In its October 9th meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Wednesday October 09 2013
United Kingdom Trade Deficit Narrows Slightly in August  
In August, UK’s deficit on trade in goods and services was estimated to have been £3.3 billion, compared with a deficit of £3.4 billion in July. There was a deficit of £9.6 billion on goods, partly offset by an estimated surplus of £6.3 billion on services.
Thursday September 26 2013
UK GDP Annual Growth Rate Revised Down to 1.3% in Q2  
In Q2, United Kingdom's economy expanded 1.3 percent year-on-year, revised down by 0.2 percentage points. Growth was driven by services output which has increased on an annual basis in every quarter since Q2 2010, whereas production output has been contracting on the same basis in each quarter since Q2 2011.
Thursday September 26 2013
UK GDP Growth Confirmed at 0.7% QoQ in Q2  
UK's gross domestic product increased by 0.7 percent between Q1 2013 and Q2 2013, unrevised from the previous estimate. The increase was broad based, with all three major industry groups, services, production and construction making positive contributions.
Tuesday September 17 2013
UK Inflation Eases to 2.7% in August  
In August, UK's Consumer Prices Index grew by 2.7 percent year-on-year, down from 2.8 percent in July. The largest contributions to the slowdown came from the transport and clothing sectors, partially offset by an upward contribution from furniture, household equipment and maintenance.
Wednesday September 11 2013
UK Unemployment Rate Edges Down to 7.7% in July  
UK unemployment rate for May to July 2013 was 7.7 percent of the economically active population, down 0.1 percentage points from the previous period. Youth unemployment was registered at 21.0 percent in July, down from 21.6 percent in the previous month.
Friday September 06 2013
UK Trade Deficit Doubles in July  
In July, UK's seasonally adjusted deficit on trade in goods and services was estimated to have been £3.1 billion, compared with a gap of £1.3 billion in June. The deficit of £9.9 billion on goods was partly offset by an estimated surplus of £6.8 billion on services.
Thursday September 05 2013
Bank of England Keeps Policy On Hold in September  
In its September 5th meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Bank also announced it will reinvest the £1.9 billion of cash flows associated with the redemption of the September 2013 gilt held in the Asset Purchase Facility.
Friday August 23 2013
UK Economy Expands More Than Initially Thought in Q2  
In Q2, UK's GDP in volume terms increased by 1.5 percent when comparing with Q2 of 2012, revised up by 0.1 percentage points from the previously published estimate. Growth was driven by services which increased 2.1 percent.
Friday August 23 2013
United Kingdom GDP Growth Revised Up to 0.7% in Q2  
In Q2, UK's Gross Domestic Product grew by 0.7 percent, an upward revision of 0.1 percentage points from the previous estimate, and following growth of 0.3 percent in Q1 2013. The service sector continued to support growth, rising 0.6 percent and contributing 0.5 percentage points to GDP growth.
Wednesday August 14 2013
UK Unemployment Rate Unchanged at 7.8% in June  
UK unemployment rate for April to June 2013 was 7.8 percent of the economically active population, unchanged from January to March 2013. Youth unemployment was registered at 21.6 percent in the same period.
Tuesday August 13 2013
United Kingdom Inflation Edges Down to 2.8% in July  
In July, UK's Consumer Prices Index grew by 2.8 percent on the year, down from 2.9 percent in June. While prices of air fares, recreation and culture, and clothing and footwear declined, cost of petrol and diesel increased.
Friday August 09 2013
UK Trade Deficit Narrows in June  
UK trade deficit shrank more than expected in June to its lowest level since January of 2013 as exports reached a new high.
Thursday August 01 2013
Bank of England Keeps Monetary Policy Unchanged  
In it August 1st meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Thursday July 25 2013
UK GDP Growth Speeds Up to 1.4% YoY  
In Q2, UK's GDP was 1.4 percent higher compared with the same quarter a year ago, driven by the services sector which expanded 2.2 percent. It is the strongest yearly growth rate since Q1 of 2011.
Thursday July 25 2013
UK Economic Growth Accelerates in Q2  
UK GDP grew by 0.6 percent in the second quarter from the previous three months, in line with expectations and double the 0.3 percent expansion in Q1. While services were the biggest contributor to the growth; agriculture, production and construction also expanded during the period.
Thursday August 15 2013
United Kingdom Economy is Gaining Traction  
Recent data updates for U.K. show economy is picking up speed. In the second quarter, GDP growth accelerated to 0.6 percent qoq and 1.4 percent yoy. More importantly, both consumer and business confidence have been on an upward trend and new governor of the Bank of England confirmed that monetary policy will remain loose for some time and new measures will be undertaken to support growth.
Wednesday July 17 2013
UK Unemployment Rate Unchanged at 7.8% in May  
UK unemployment rate for March to May 2013 was 7.8 percent, unchanged from the previous period. There were 2.51 million unemployed people, down 57,000 from December 2012 to February 2013. Youth unemployment rose to 20.9 percent.
Tuesday July 16 2013
UK Inflation Rate Up to 2.9% in June  
In June, UK annual inflation rate increased by 2.9 percent, up from 2.7 percent in May. The rise in petrol and clothing prices was partially offset by lower cost of airfares and food prices.
Tuesday July 09 2013
UK Trade Deficit Widens in May  
UK’s seasonally adjusted deficit on trade in goods and services was estimated to have been £2.4 billion in May, compared with a deficit of £2.1 billion in April. Volumes of both exports and imports of goods have recovered slightly from the low levels at the beginning of 2013.
Thursday July 04 2013
BoE Holds Policy Unchanged in Gov Carney's First Meeting  
In its July meeting, the Bank of England’s MPC voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5% and the stock of asset purchases financed by the issuance of central bank reserves at £375 billion. Yet, in spite of some signs of economic recovery, the new governor signaled that the Bank will keep interest rates at a record low for longer than investors had expected.
Thursday June 27 2013
UK Economy Expands 0.3% QoQ in Q1  
In Q1 of 2013, UK gross domestic product increased 0.3 percent qoq, unrevised from the previous publication. GDP growth between Q4 2011 and Q1 2012 was revised from a fall of 0.1 percent to flat meaning Britain's economy did not suffer a double-dip recession as previously reported. GDP is estimated to be 3.9 percent lower than the pre-financial crisis peak in Q1 of 2008.
Thursday June 27 2013
UK GDP Annual Growth Rate Revised Down to 0.3% in Q1  
In the first quarter of 2013, United Kingdom's year-on-year GDP growth estimate was unexpectedly halved to 0.3 percent. In the previous quarter the economy expanded 0.2 percent. Households' saving ratio was estimated to be 4.2 percent in Q1 of 2013, the weakest since Q1 of 2009 when it was 3.4 percent.
Tuesday June 18 2013
United Kingdom Inflation Rises to 2.7% in May  
In May, UK Consumer Prices Index grew by 2.7 percent yoy, up from 2.4 percent in April due to a record rise in air fares and higher fuel prices.
Wednesday June 12 2013
UK Unemployment Rate Unchanged At 7.8% in April  
UK jobless rate for February to April 2013 was 7.8 percent of the economically active population, unchanged from November 2012 to January 2013. There were 2.51 million unemployed people, down 5,000 from November 2012 to January 2013. Youth unemployment was recorded at 20.5 percent.
Friday June 07 2013
UK Trade Deficit Narrows in April  
Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £2.6 billion in April, compared with a deficit of £3.2 billion in March. The narrowing of the deficit in April is mainly due to the UK's trade in goods with the EU, particularly that it was estimated that imports from the EU fell by around £1.3 billion.
Thursday June 06 2013
Bank of England Keeps Monetary Policy Unchanged in June  
In its June 6th meeting, the Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Thursday July 18 2013
United Kingdom's Expansion Remains Weak  
In the first three months of 2013, UK economy finally started to grow. Yet, despite signs of rebound, economic climate remains weak. While feeble wage growth continues to undermine household's finances, uncertain international outlook is limiting business investment.
Thursday May 23 2013
United Kingdom GDP Expands 0.3% QoQ in Q1  
UK gross domestic product in volume terms was estimated to have increased by 0.3 percent between the fourth quarter of 2012 and the first quarter of 2013, unrevised from the previous publication.
Thursday May 23 2013
United Kingdom GDP Annual Growth Rate Unrevised at 0.6% In Q1  
United Kingdom GDP in volume terms expanded 0.6 percent year-on-year in the first quarter of 2013, unrevised from the first estimate. This is up from 0.2 percent growth in Q4 of 2012, according to a release by the Office for National Statistics.
Tuesday May 21 2013
United Kingdom Inflation Rate Down to 2.4% in April  
The Consumer Prices Index showed that prices grew by 2.4 percent in the year to April 2013 – down from 2.8 percent in the year to March. This is the first time that the growth in inflation has slowed in the last six months, during which time inflation has remained fairly stable.
Wednesday May 15 2013
United Kingdom Unemployment Rate Down to 7.8% in March  
The unemployment rate was 7.8 percent of the economically active population, up 0.1 percentage points from October to December 2012 but down 0.4 from a year earlier. There were 2.52 million unemployed people, up 15,000 from October to December 2012 but down 92,000 from a year earlier.
Friday May 10 2013
United Kingdom Trade Deficit Narrows in March  
Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.1 billion in March, compared with a deficit of £3.4 billion in February. There was a deficit of £9.1 billion on goods, partly offset by an estimated surplus of £5.9 billion on services.
Thursday May 09 2013
Bank of England Monetary Policy Unchanged in May  
The Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Thursday April 25 2013
United Kingdom GDP Annual Growth Rate at 0.6% in Q1  
United Kingdom GDP in volume terms expanded 0.6 percent year-on-year in the first quarter of 2013. This is up from 0.2 percent growth in Q4 of 2012, according to a release by the Office for National Statistics
Thursday April 25 2013
United Kingdom Economy Expands 0.3% Quarter-on-Quarter in Q1  
United Kingdom GDP increased by 0.3 percent in Q1 2013 compared with Q4 2012. GDP was 0.4 percent higher in Q1 2013 than in Q3 2011 and therefore has been broadly flat over the last 18 months.
Wednesday April 17 2013
United Kingdom Unemployment Rate Up to 7.9% in February  
The number of unemployed people rose by 70,000 between September to November 2012 and December 2012 to February 2013 and there were 2.56 million unemployed people. However there were 71,000 fewer unemployed people compared with a year earlier. The unemployment rate was 7.9% of the economically active population for December 2012 to February 2013. Unemployment is four percentage points lower than the peak of 11.9% seen in the mid-1980s.
Tuesday April 16 2013
United Kingdom Inflation Rate Stable at 2.8% in March  
The Consumer Prices Index grew by 2.8 percent in the year to March 2013, unchanged from February. CPI remained broadly flat through the second half of 2012 and into 2013 following a number of years of large increases and decreases. Over the last six months, the CPI 12-month rate has been particularly stable, standing at 2.7 percent for four months followed by 2.8 percent for February and March 2013.
Tuesday April 09 2013
U.K. Trade Deficit Widens in February  
According to the Office for National Statistics, UK’s deficit on trade in goods and services was estimated to have been £3.6 billion in February, compared with a deficit of £2.5 billion in January. There was a deficit of £9.4 billion on goods, partly offset by an estimated surplus of £5.8 billion on services.
Thursday April 04 2013
Bank of England Keeps Monetary Policy Unchanged in April  
The Bank of England’s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Wednesday March 27 2013
U.K. GDP Contracts 0.3% quarter-on-quarter in Q4  
The U.K. economy contracted 0.3 percent quarter-on-quarter in the fourth quarter, unrevised from the previous estimate, the latest figures from the Office for National Statistics showed.
Wednesday March 27 2013
United Kingdom GDP Annual Growth Rate Revised Down to 0.2 Percent in Q4  
GDP in volume terms increased by 0.2 percent year-on-year. The growth between the fourth quarter 2011 and the fourth quarter 2012 was revised down by 0.1 percentage points to growth of 0.2 percent. Despite this increase, output remains 2.9 percent lower than its pre-recession peak in the first quarter of 2008.
Wednesday May 22 2013
U.K. Economy Struggles to Recover  
Recent updates for the United Kingdom are showing that the road to recovery may be bumpy. In the first three months of 2013, the GDP expanded 0.3 percent quarter-on-quarter and 0.6 year-on-year. The rise was driven by the services sector growth and a bounce-back in North Sea oil and gas output.
Wednesday March 20 2013
United Kingdom Unemployment Rate Unchanged at 7.8 Percent in January  
The number of unemployed people rose by 7,000 comparing November 2012 to January 2013 with the previous period. The unemployment rate was 7.8 percent of the economically active population for November 2012 to January 2013. This was unchanged from August to October 2012 but down 0.5 percentage points from a year earlier.
Tuesday March 19 2013
United Kingdom Inflation Rate Up to 2.8 Percent in February  
The headline rate of inflation rose to 2.8 percent following four consecutive months when it stood at 2.7 percent. The Consumer Prices Index showed that prices grew by 2.8 percent in the year to February 2013. Although up on the 2.7 percent recorded in each of October 2012 to January 2013, this continues the trend of, broadly, consistent inflation that has been seen since spring 2012.
Tuesday March 12 2013
United Kingdom Trade Deficit Narrows in January  
Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £2.4 billion in January, compared with a deficit of £2.8 billion in December. Lowest value of goods imports since April 2011.
Thursday March 07 2013
Bank of England Keeps Monetary Policy Unchanged in March  
The Bank of England’s Monetary Policy Committee voted in March to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Thursday February 28 2013
U.K. Economy Struggles to Recover  
Recent updates for the United Kingdom are showing that the recovery is still out of reach.
Wednesday February 27 2013
UK GDP Contracts 0.3% quarter-on-quarter in Q4  
The U.K. economy contracted 0.3 percent quarter-on-quarter in the fourth quarter, unrevised from the previous estimate, the latest figures from the Office for National Statistics showed.
Wednesday February 20 2013
United Kingdom Unemployment Rate Up to 7.8 Percent in December  
The unemployment rate was 7.8 percent of the economically active population, down 0.1 percentage points on July to September 2012 and down 0.6 on a year earlier. There were 2.50 million unemployed people, down 14,000 on July to September 2012 and down 156,000 on a year earlier.
Tuesday February 12 2013
United Kingdom Inflation Rate Unchanged For Fourth Consecutive Month  
The Consumer Prices Index annual inflation grew by 2.7 percent in January of 2013, unchanged for the fourth month in a row. This is the longest period for which the CPI growth has remained unchanged.
Thursday February 07 2013
Bank of England Keeps Monetary Policy Unchanged in February  
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Thursday February 07 2013
United Kingdom Trade Deficit Widens in 2012  
Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.2 billion in December, compared with a deficit of £3.6 billion in November. However, despite erratic changes in the deficit over the last 12 months, the level across that period has remained largely flat.
Friday January 25 2013
United Kingdom GDP Growth Contracts 0.3% in Q4  
GDP was estimated to have decreased by 0.3 percent in Q4 2012 compared with Q3 2012 and to have been flat in Q4 2012, when compared with Q4 2011. GDP is estimated to have been flat between 2011 and 2012.
Wednesday January 23 2013
United Kingdom Unemployment Rate at 7.7% in November  
The unemployment rate for September to November 2012 was 7.7% of the economically active population, down 0.1 from June to August 2012. There were 2.49 million unemployed people, down 37 000 from June to August 2012.
Tuesday January 15 2013
United Kingdom Inflation Rate Unchanged at 2.7% in December  
The Consumer Prices Index annual inflation stands at 2.7 per cent in December of 2012, unchanged from November according to a release from the Office for National Statistics.
Thursday January 10 2013
Bank of England Keeps Monetary Policy Unchanged in January  
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion.
Wednesday January 09 2013
U.K. Trade Deficit Narrows in November 2012  
Seasonally adjusted, the UK’s deficit on trade in goods and services was estimated to have been £3.5 billion in November, compared with a deficit of £3.7 billion in October.
Friday December 21 2012
U.K. GDP Growth Revised Down to 0.9 Percent In Q3  
The UK economy grew by 0.9 per cent in the third quarter of 2012, following three consecutive quarters of negative growth. Despite being revised down by 0.1 percentage points from the previous estimate, the latest quarterly growth rate remains the strongest since the third quarter of 2007.
Tuesday December 18 2012
United Kingdom Inflation Rate Unchanged at 2.7%  
The Consumer Prices Index annual inflation stands at 2.7 per cent in November 2012, unchanged from October according to a release from the Office for National Statistics.
Wednesday December 12 2012
U.K Unemployment Rate Stable at 7.8 Percent in October  
The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.1 on the quarter and up 0.9 on a year earlier. There were 29.60 million people in employment aged 16 and over, up 499,000 on the quarter.
Thursday December 06 2012
Bank of England Keeps Monetary Policy Unchanged  
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion.
Thursday December 06 2012
U.K. Trade Deficit Widens in October 2012  
The United Kingdom’s deficit on trade in goods and services widened to £3.6 billion in October, up from £2.5 billion in August.
Wednesday November 14 2012
U.K Unemployment Rate Down to 7.8 Percent in September  
The employment rate for those aged from 16 to 64 was 71.2 percent, up 0.2 on the quarter. There were 29.58 million people in employment aged 16 and over, up 100,000 on the quarter.
Tuesday November 13 2012
U.K. Annual Inflation Up to 2.7 percent in October  
U.K. CPI annual inflation stands at 2.7 percent in October, down from 2.5 percent in September.
Friday November 09 2012
U.K. Trade Deficit Narrows in September 2012  
The United Kingdom’s deficit on trade in goods and services narrowed to £2.7 billion in September, up from £4.2 billion in August.
Thursday November 08 2012
Bank of England Keeps Monetary Policy Unchanged  
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion.
Thursday October 25 2012
U.K. GDP Expands by 1 Percent in Q3  
After three consecutive periods of falling gross domestic product (GDP), the UK's economy grew by 1 per cent during the third quarter of 2012.
Wednesday October 17 2012
U.K Unemployment Rate Down to 7.9 Percent in August  
The employment rate in the U.K. for those aged from 16 to 64 was 71.3 percent, up 0.5 on the quarter. There were 29.59 million people in employment aged 16 and over, up 212,000 on the quarter.
Tuesday October 16 2012
U.K. Annual Inflation Down to 2.2 percent in September  
U.K. CPI annual inflation stands at 2.2 percent in September, down from 2.5 percent in August.
Tuesday October 09 2012
U.K. Trade Deficit Widens in August 2012  
The United Kingdom’s deficit on trade in goods and services widened to £4.2 billion in August, up from £1.7 billion in July.
Thursday October 04 2012
Bank of England Keeps Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £375 million, financed by the issuance of central bank reserves.
Tuesday September 18 2012
U.K. Annual Inflation Down to 2.5% in August  
U.K. CPI annual inflation stands at 2.5 per cent in August, down from 2.6 per cent in July.
Wednesday September 12 2012
U.K Unemployment Rate Up to 8.1% in July  
The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.5 on the quarter. There were 29.56 million people in employment aged 16 and over, up 236,000 on the quarter.
Tuesday September 11 2012
U.K. Trade Deficit Narrows in July 2012  
The United Kingdom's deficit in Trade in Goods and Services narrowed to £1.5 billion in July, down from £4.3 billion in June.
Thursday September 06 2012
Bank of England Keeps Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee on September 6th voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £375 billion, financed by the issuance of central bank reserves.
Friday August 24 2012
UK GDP Revised Up in Q2  
UK gross domestic product (GDP) in volume terms decreased by 0.5 per cent in the second quarter of 2012, revised from the previously estimated 0.7 per cent decline.
Thursday August 09 2012
U.K. Trade Deficit Widens in June  
The UK’s deficit on trade in goods and services increased to £4.3 billion in June, up £1.6 billion from £2.7 billion in May.
Thursday August 02 2012
Bank of England Keeps Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee voted on August 2nd, to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £375 billion, financed by the issuance of central bank reserves.
Wednesday July 25 2012
U.K. GDP Contracts 0.7% in Q2  
U.K. Gross Domestic Product decreased by 0.7 per cent in the second quarter of 2012. The most significant contribution to this fall came from the construction sector; there was, however, also weakness in both the production and services sectors.
Wednesday July 18 2012
U.K. Unemployment Rate Down to 8.1% in May  
U.K. unemployment rate was 8.1 per cent of the economically active population, down 0.2 on the quarter. There were 2.58 million unemployed people, down 65,000 on the quarter.
Tuesday July 17 2012
U.K. Annual Inflation Down to 2.4% in June  
U.K. CPI annual inflation stands at 2.4 per cent in June 2012, down from 2.8 per cent in May. This is the third month in a row that the annual rate has fallen. It is now at its lowest since November 2009, when it was 1.9 per cent.
Tuesday July 10 2012
UK Trade Deficit Narrows in May  
The UK’s deficit in Trade in Goods and Services narrowed by £1.4 billion to £2.7 billion in May, compared with April.
Monday July 09 2012
Bank of England Increases Size of Asset Purchase Programme by £50  
The Bank of England’s Monetary Policy Committee voted on July 5th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £50 billion to a total of £375 billion.
Sunday June 17 2012
UK Trade Deficit Widens in April  
The UK’s deficit on seasonally adjusted trade in goods and services was £4.4 billion in April, compared with a deficit of £3.0 billion in March.
Tuesday May 22 2012
UK Inflation Down to 3% in April  
UK CPI annual inflation stands at 3.0 per cent in April 2012, down from 3.5 per cent in March. The timing of Easter had a significant impact on the April data.
Wednesday May 16 2012
U.K. Unemployment Rate Down to 8.2 in March  
The unemployment rate was 8.2 per cent of the economically active population for January-March 2012, down 0.2 on the quarter. There were 2.63 million unemployed people, down 45,000 on the quarter.
Tuesday May 15 2012
U.K. Trade Deficit Narrows in March  
The UK’s deficit in Trade in Goods and Services narrowed to £2.7 billion in March, down £0.2 billion from £2.9 billion in February.
Thursday May 10 2012
Bank of England Keeps Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee voted on May 10th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £325 billion.
Monday May 07 2012
U.K. Economy Contracts 0.2% in Q1  
U.K. Gross Domestic Product (GDP) decreased by 0.2 per cent in the first quarter of 2012, driven by weakness in the construction sector and the production sector.
Wednesday April 18 2012
UK Inflation Up to 3.5% in March  
UK CPI annual inflation stands at 3.5 per cent in March 2012, up from 3.4 per cent in February. The CPI stands at 122.2 in March 2012 based on 2005 = 100.
Thursday April 12 2012
UK Trade Deficit Widens in February  
The UK’s deficit in Trade in Goods and Services increased to £3.4 billion in February, up £0.9 billion from £2.5 billion in January.
Thursday April 05 2012
Bank of England Leaves Policy Unchanged  
The Bank of England’s Monetary Policy Committee voted on April 5th, to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £325 billion financed by the issuance of central bank reserves.
Wednesday March 28 2012
UK GDP Contracts 0.3% in Q4  
UK gross domestic product (GDP) in volume terms decreased by 0.3 per cent in the fourth quarter of 2011, revised from a decline of 0.2 per cent previously estimated. For the year 2011, GDP in volume terms increased by 0.7 per cent.
Tuesday March 20 2012
UK Annual Inflation Rate Down to 3.4% in February  
UK annual inflation stands at 3.4 per cent in February 2012, down from 3.6 per cent in January. The annual rate for February is the lowest since November 2010. The CPI stands at 121.8 in February 2012 based on 2005 = 100
Tuesday March 13 2012
U.K. Trade Deficit Widens in January  
The UK’s deficit on seasonally adjusted trade in goods and services was £1.8 billion in January, compared with the deficit of £1.2 billion in December.
Thursday March 08 2012
Bank of England Keeps Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee voted on March 8th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £325 billion financed by the issuance of central bank reserves.
Wednesday February 15 2012
U.K. Unemployment Rate at 8.4% in December  
U.K. unemployment rate was 8.4 per cent of the economically active population, up 0.1 on the quarter. There were 2.67 million unemployed people, up 48,000 on the quarter. The unemployment rate has not been higher since 1995.
Tuesday February 14 2012
U.K. Inflation Rate Drops to 3.6% in January  
U.K. prices rose at an annual rate of 3.6% in January, official figures show, slower than the 4.2% rate recorded the month earlier.
Thursday February 09 2012
UK Trade Deficit Widens in December  
The UK’s deficit in Trade in Goods and Services decreased to £1.1 billion in December, from £2.8 billion in November. This is the narrowest monthly trade in goods and services deficit since April 2003.
Thursday February 09 2012
Bank of England Holds Bank Rate and Increases QE  
The Bank of England’s Monetary Policy Committee voted on February 9th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £50 billion to a total of £325 billion.
Wednesday January 25 2012
UK GDP Contracts 0.2% in Q4  
UK GDP for the fourth quarter of 2011 dropped by 0.2%, a worse than expected figure that will heighten fears of a double-dip recession.
Tuesday January 17 2012
U.K. Annual Inflation Down to 4.2% in December  
U.K. CPI annual inflation stands at 4.2 per cent in December 2011, down from 4.8 per cent in November.
Thursday January 12 2012
Bank of England Keeps Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee voted on January 12t to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £275 billion financed by the issuance of central bank reserves.
Wednesday January 11 2012
UK Trade Deficit Widens in November  
The UK’s deficit in Trade in Goods and Services increased to £2.6 billion in November, up from £1.9 billion in October.
Thursday December 22 2011
UK GDP Revised Up in Q3  
The UK economy bounced back between July and September with stronger than expected growth of 0.6% after it ground to a halt in the second quarter, the Office for National Statistics said on December 22.
Friday December 09 2011
U.K. Trade Deficit Narrows in October  
The UK’s deficit in Trade in Goods and Services decreased to £1.6 billion in October, down from £4.3 billion in September. This is the smallest deficit since April 2011, when the deficit was £1.5 billion.
Thursday December 08 2011
Bank of England Keeps Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee voted on December 8th to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £275 billion financed by the issuance of central bank reserves.
Tuesday November 15 2011
U.K Inflation Eases in October  
U.K. annual inflation stands at 5.0 per cent in October 2011, down from 5.2 per cent in September.
Thursday November 10 2011
Bank of England Keeps Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee voted on November 11, to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totaling £275 billion financed by the issuance of central bank reserves.
Wednesday November 09 2011
UK Trade Deficit Widens in September  
The UK’s deficit on seasonally adjusted trade in goods and services was £3.9 billion in September compared with the deficit of £2.7 billion in August.
Tuesday November 01 2011
UK GDP Growth Accelerates in Q3  
UK Gross Domestic Product rose by 0.5 per cent in the third quarter of 2011, driven by strength in the Services sector and the Production sector. The Construction sector showed a small decline.
Tuesday October 18 2011
U.K. Inflation Rate Highest in Three Years  
CPI annual inflation stands at 5.2 per cent, up from 4.5 per cent in August. CPI annual inflation has never been higher but was also 5.2 per cent in September 2008.
Thursday October 13 2011
UK Trade Defici Narrows in August  
The UK’s deficit on seasonally adjusted trade in goods and services fell to £1.9 billion in August from £2.3 billion in July.
Thursday October 06 2011
Bank of England Increases Size of Asset Purchase Programme  
The Bank of England’s Monetary Policy Committee voted on October 2011 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £75 billion to a total of £275 billion.
Wednesday October 05 2011
UK GDP Growth Revised Down to 0.1% in Q2  
UK gross domestic product (GDP) in volume terms increased by 0.1 per cent in the second quarter of 2011.
Tuesday September 13 2011
UK Trade Deficit Unchanged in July  
The UK’s seasonally adjusted deficit on trade in goods and services was £4.5 billion in July, virtually unchanged compared with June.
Tuesday September 13 2011
U.K. Inflation Accelerates to 4.5% in August  
U.K. inflation accelerated in August as the end of seasonal discounts boosted prices for items such as clothes and furniture.
Thursday September 08 2011
Bank of England Maintains Bank Rate at 0.5%  
The Bank of England’s Monetary Policy Committee voted on September 8 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Tuesday August 16 2011
U.K. Inflation Rate Rises to 4.4% in July  
U.K. inflation rate accelerated to 4.4% in July from 4.2% in June, forcing Bank of England Governor Mervyn King to write the third letter this year explaining why the rate is above the bank's target over the last three months.
Tuesday August 09 2011
UK Trade Deficit Widens in June  
The UK’s deficit on trade in goods and services was £4.5 billion in June, compared with a deficit of £4.0 billion in May, (originally published as a deficit of £4.1 billion).
Thursday August 04 2011
Bank of England Keeps Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee decided on August 4 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Tuesday July 26 2011
UK Growth Remains Stagnant in Q2  
The chained volume measure of gross domestic product increased 0.2 per cent in the second quarter of 2011, following positive growth of 0.5 per cent in the previous quarter.
Tuesday July 12 2011
UK Trade Deficit Widens in May  
The UK’s seasonally adjusted deficit on trade in goods and services was £4.1 billion in May, compared with the deficit of £3.1 billion in April.
Tuesday July 12 2011
U.K. Inflation Fall to 4.2% in June  
U.K. consumer price index posted its first June decline in eight years, as high street sales on electronic goods, computer games and toys brought price rises down.
Thursday July 07 2011
Bank of England Maintains Bank Rate at 0.5%  
The Bank of England, held its key bank rate unchanged as fears about the economy’s ability to pull out of a slowdown in the face of austerity measures outweighed concerns about above-target inflation.
Wednesday June 15 2011
U.K. Unemployment Rate at 7.7% in April  
U.K. unemployment rate for the three months to April 2011 was 7.7 per cent of the economically active population, down 0.3 on the quarter. The total number of unemployed people fell by 88,000 over the quarter to reach 2.43 million. This is the largest quarterly fall in unemployment since the three months to August 2000.
Tuesday June 14 2011
U.K. Inflation Rate Unchanged in May  
U.K. CPI annual inflation stands at 4.5 per cent, unchanged from April. Although unchanged overall, there were significant upward and downward pressures on CPI annual inflation between April and May.
Friday June 10 2011
UK Trade Deficit Unchanged in April  
The UK’s seasonally adjusted deficit on trade in goods and services was £2.8 billion in April, unchanged from the March figure.
Thursday June 09 2011
Bank of England Maintains Bank Rate at 0.5%  
The Bank of England’s Monetary Policy Committee voted on June 9 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Wednesday May 18 2011
UK Unemployment Rate Falls to 7.7%  
The unemployment rate for the three months to March 2011 was 7.7 per cent of the economically active population, down 0.1 on the quarter.
Tuesday May 17 2011
UK Inflation Rate Raises to 4.5% in April  
United Kingdom CPI annual inflation stands at 4.5 per cent, up from 4.0 per cent in March. The timing of Easter 2011 had a significant impact on these data.
Wednesday May 11 2011
UK Trade Deficit Widens in March  
The UK’s seasonally adjusted deficit on trade in goods and services was £3.0 billion in March, compared with the deficit of £2.7 billion in February.
Saturday May 07 2011
Bank of England Maintains Bank Rate at 0.5%  
The Bank of England’s Monetary Policy Committee voted on May 5 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Wednesday April 27 2011
UK Economy Expands by 0.5% in Q1  
United Kingdom GDP rose by 0.5 per cent in the first quarter of 2011, following a fall of 0.5 per cent in the fourth quarter of 2010. GDP increased 1.8 per cent in 2011 Q1 compared with 2010 Q1.
Wednesday April 13 2011
UK Unemployment Rate Rises to 7.8%  
UK unemployment rate for the three months to February 2011 was 7.8 per cent of the economically active population, down 0.1 on the quarter. The total number of unemployed people fell by 17,000 over the quarter to reach 2.48 millio
Tuesday April 12 2011
UK Trade Deficit Narrows in February  
The UK’s deficit on trade in goods and services was £2.4 billion in February, compared with a deficit of £3.9 billion in January, (originally published as a deficit of £3.0 billion).
Tuesday April 12 2011
U.K. Inflation Rate Drops to 4% in March  
UK annual inflation – the Government’s target measure – was 4.0 per cent in March, down from 4.4 per cent in February.
Thursday April 07 2011
Bank of England Keeps Bank Rate Unchanged  
The Bank of England’s Monetary Policy Committee voted on April 7 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Tuesday March 29 2011
UK Economy Contracts by 0.5% in Q4  
UK GDP growth contracted by 0.5 per cent in the fourth quarter of 2010, revised from a fall of 0.6 per cent previously published. GDP in the fourth quarter of 2010 is now 1.5 per cent higher than the fourth quarter of 2009.
Tuesday March 22 2011
UK Inflation Rate Rises 4.4% in February  
The UK annual rate of inflation has risen to 4.4%, up from 4% in January as higher food, fuel and clothing costs drove the prices to the highest level for more than two years.
Wednesday March 16 2011
UK Unemployment Rate Rises to 8.0%  
UK unemployment rate for the three months to January 2011 was 8.0 per cent of the economically active population, up 0.1 on the quarter. The total number of unemployed people increased by 27,000 over the quarter to reach 2.53 million, the highest figure since 1994.
Thursday March 10 2011
Bank of England Keeps Interest Rate at 0.5%  
The Bank of England’s Monetary Policy Committee voted on March 10 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Wednesday March 09 2011
UK Trade Deficit Narrows in January  
The UK’s deficit on trade in goods and services was £3.0 billion in January, compared with a deficit of £5.5 billion in December, (originally published as a deficit of £4.8 billion).
Friday February 25 2011
UK GDP Contracts 0.6% in Q4  
UK Gross domestic product contracted by 0.6 per cent in the fourth quarter of 2010, revised down from the previously estimated fall of 0.5 per cent. GDP in the fourth quarter of 2010 is now 1.5 per cent higher than the fourth quarter of 2009.
Tuesday February 15 2011
UK Inflation Rises to 4% in January  
The UK Consumer Prices Index rose to 4% in January, up from 3.7% in December, as the effects of the VAT rise were felt and price of crude oil increased.
Thursday February 10 2011
Bank of England Maintains Bank Rate at 0.5%  
The Bank of England’s Monetary Policy Committee voted on February 10 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Wednesday February 09 2011
UK Trade Deficit Widens in December  
The UK’s seasonally adjusted deficit on trade in goods and services was £4.8 billion in December, compared with the deficit of £3.9 billion in November.
Tuesday January 25 2011
UK GDP Falls 0.5% in the Fourth Quarter  
UK Gross Domestic Product decreased by 0.5 per cent in the fourth quarter of 2010, compared with an increase of 0.7 per cent in the previous quarter.
Thursday January 20 2011
UK Unemployment Stable At 7.9%  
UK unemployment rate for the three months to November 2010 was 7.9 per cent, up 0.2 on the quarter. The total number of unemployed people increased by 49,000 over the quarter to reach 2.50 million.
Tuesday January 18 2011
UK Inflation Rises to 8-month High in December  
United Kingdom's Consumer Price Inflation (CPI) rose to an annual rate of 3.7% in December, up from 3.3% in November.
Thursday January 13 2011
Bank of England Keeps Rates and QE Unchanged  
The Bank of England’s Monetary Policy Committee voted on January 12 to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Wednesday January 12 2011
UK Trade DEficit Rises in November  
The UK’s deficit on trade in goods and services was £4.1 billion in November, compared with a deficit of £4.0 billion in October (originally published as a deficit of £3.9 billion).
Wednesday December 22 2010
UK Third Quarter GDP Revised Down to 0.7%  
UK gross domestic product (GDP) in volume terms rose by 0.7 per cent compared with the previous quarter, revised down from the 0.8 per cent rise published in November. GDP in volume terms fell by 4.9 per cent during 2009, revised up from the 5.0 per cent fall previously published.
Wednesday December 15 2010
UK Inflation Rises in November  
UK annual inflation increased to 3.3 per cent in November, up from 3.2 per cent in October.
Thursday December 09 2010
UK Trade Deficit Increases to £3.9bn in October  
The UK’s deficit on trade in goods and services was £3.9 billion in October, compared with a deficit of £3.8 billion in September (originally published as a deficit of £4.6 billion).
Thursday December 09 2010
Bank of England Keeps Rates and QE Unchanged  
Bank of England kept bank rate at 0.5% and the size of the Asset Purchase Programme at £200 Billion on December 9.
Wednesday November 17 2010
UK Unemployment Falls in October  
The number of people claiming the UK’s main unemployment benefit fell unexpectedly in October as record levels of part-time working continued to boost the number of people in jobs.
Wednesday November 17 2010
UK Inflation Rises 3.2% in October  
Higher fuel prices, more expensive computer games and increasing bank charges pushed inflation higher in the United Kingdom in October, according to the Office for National Statistics.
Thursday November 11 2010
U.K. Trade Gap Narrows  
The U.K. trade deficit narrowed slightly in September as exports rose by more than imports, in a tentative sign that sterling's weakness may finally be starting to boost demand for U.K.-produced goods.
Thursday November 04 2010
Bank of England Leaves Rates and QE on Hold  
The Bank of England’s monetary policy committee voted on November 4 to maintain its key rate at the 0.5 per cent level and to keep its £200bn programme of quantitative easing through gilt purchases on hold.
Sunday October 31 2010
U.K. Inflation Holds Steady in September  
The U.K.'s inflation rate held steady at more than one percentage point above the Bank of England's target for a ninth consecutive month in September, official data showed.
Sunday October 31 2010
UK GDP Growth Slows to 0.8% in Q3  
UK Gross Domestic Product (GDP) increased 0.8% in the third quarter of 2010, according to the Office for National Statistics, compared with an increase of 1.2% in the previous quarter.
Thursday September 16 2010
UK Official Jobless Rate Steady at 7.8%  
Britain's unemployment rate stood at 7.8% in the three months to the end of July, unchanged from the level in the three months to June, official figures showed today.
Thursday September 16 2010
UK Inflation Rate Remains at 3.1%  
UK Consumer Prices Index (CPI) remained unchanged in August at 3.1%, according to the Office for National Statistics (ONS).
Tuesday September 14 2010
UK Trade Deficit Hits New Record  
The UK's goods trade deficit widened to a record high in July after imports rose sharply and exports fell from the previous month, figures show.
Friday August 27 2010
UK GDP Growth Revised Up to 1.2%  
The UK economy grew slightly faster than initially thought in the second quarter, expanding by 1.2 per cent rather than the 1.1 per cent first estimated.
Tuesday August 17 2010
UK Inflation Rate Slows in July  
UK inflation eased to 3.1% in July from 3.2% in June, the third month in a row that prices have risen more slowly.
Tuesday August 10 2010
U.K. June Trade Deficit Narrows  
The U.K.’s trade deficit narrowed more than economists forecast in June as exports rose to a two- year high.
Thursday August 05 2010
BOE Keeps Stimulus in Place to Aid Recovery  
The Bank of England kept its bond- stimulus plan in place and left its benchmark interest rate at a record low as officials sustained emergency aid for the economy during the biggest budget squeeze since World War II.
Friday July 23 2010
U.K. Economy Grows 1.1% in Q2  
Britain's economy grew by 1.1 percent in the second quarter, the Office for National Statistics said, surprising markets that had expected more modest expansion.
Tuesday July 13 2010
UK Inflation Slowed in June  
U.K. inflation slowed less than economists forecast in June as higher costs of goods from fuel to food kept the rate of price increases above the government’s 3 percent limit.
Thursday July 08 2010
Bank of England holds Course on Rates and QE  
The Bank of England kept its bond- stimulus plan in place and left its benchmark interest rate at a record low to help prevent the economic recovery from stalling during the biggest budget squeeze since World War II.
Tuesday June 15 2010
UK Inflation Slows in May  
U.K. inflation slowed in May to 3.4 percent for the first time in three months as lower costs of items from food to transport eased price pressures in the economy.
Thursday June 10 2010
Bank of England Keeps Stimulus Program  
The Bank of England kept its bond- stimulus program in place and left its benchmark interest rate at a record low to aid the economy as Prime Minister David Cameron prepares the biggest budget cuts since at least the early 1980s.
Wednesday June 09 2010
U.K. Trade Deficit Remains Unchanged In April  
The U.K. trade deficit was broadly unchanged in April, defying expectations for a decline, as the value of exports and imports hurt by the volcanic eruption in Iceland.
Tuesday May 25 2010
UK Recovery Still Fragile  
This week, UK GDP growth for the first quarter of 2010 was revised up to 0.3%. And although this number may look encouraging it is very unlikely that this year British economy will record any significant recovery.
Tuesday May 25 2010
UK Economy Grows More Than Estimated  
The U.K. economy grew more than previously estimated in the first quarter as rebounding investment and the biggest jump in manufacturing for four years strengthened the recovery.
Tuesday May 18 2010
UK Inflation Surges to 3.7%  
UK inflation jumped in April to 3.7%, sharply higher than expected, prompting a letter of explanation from the governor of the Bank of England to the new chancellor George Osborne.
Thursday May 13 2010
UK Trade Deficit Widened in March  
The U.K. trade deficit widened in March as imports jumped the most in six months, led by demand for goods from cars to engineering equipment.
Wednesday May 12 2010
UK Unemployment Increases to 16-Year High  
U.K. unemployment climbed to 8 percent in the first quarter, underlining the fragility of the recovery as Conservative David Cameron begins his premiership.
Monday May 10 2010
Bank of England Holds Rates  
The Bank of England kept interest rates at 0.5 percent and made no change to its asset purchase target, keeping in place stimulus measures designed to nurse the economy back to health.
Friday April 23 2010
British Economy Grows Half as Much as Forecast  
The U.K. economy grew half as much as forecast in the first quarter, underscoring the fragility of the recovery as Prime Minister Gordon Brown struggles to convince voters that his party deserves a fourth term.
Wednesday April 21 2010
UK Unemployment Declines More Than Forecast  
U.K. jobless claims fell more than forecast in March while a wider measure of unemployment climbed to a 16-year high.
Tuesday April 20 2010
UK March Inflation Accelerates to 3.4%  
The U.K.’s inflation rate jumped more than economists forecast in March, breaching the government’s upper limit for the second time this year after energy costs rose within weeks of the election.
Tuesday April 13 2010
U.K. February Trade Deficit Narrows  
The U.K. trade deficit narrowed more than economists forecast in February as exports jumped the most in seven years on record sales of chemicals.
Thursday April 08 2010
BOE Keeps Record Stimulus in Place  
The Bank of England kept its bond- purchase program unchanged for a third month as it tries to sustain the economy’s recovery from the deepest recession since World War II.
Tuesday March 30 2010
U.K. GDP Grows at Faster-Than-Estimated Pace in Fourth Quarter  
The U.K. economy emerged from recession in the fourth quarter at a faster pace than previously estimated, handing a boost for Prime Minister Gordon Brown with a general election weeks away.
Tuesday March 23 2010
U.K. Inflation Slows  
The U.K.’s inflation rate dropped more than economists forecast in February as lower costs of items from toys to energy sapped price pressures in the economy.
Tuesday March 09 2010
U.K. Trade Gap Widens  
The U.K.'s global goods trade deficit in January widened unexpectedly to its largest level since August 2008 due to a sharp drop in exports, data from the Office for National Statistics showed.
Thursday March 04 2010
BOE Holds Bond Purchase Program at 200 Billion Pounds  
The Bank of England kept its bond- purchase program on hold for a second month as policy makers assessed whether the 200 billion pounds ($302 billion) spent so far is enough to prevent a relapse in the economy.
Friday February 26 2010
U.K. Emerges From Recession at Faster Than Estimated Pace  
Britain emerged from recession at a faster pace than previously estimated in the fourth quarter, providing a boost for Prime Minister Gordon Brown as he prepares for a general election within weeks.
Wednesday February 17 2010
U.K. Unemployment Claims Jump to Highest Since 1997  
U.K. jobless claims unexpectedly jumped in January to the highest level since Tony Blair led the ruling Labour Party to power almost 13 years ago as the recession destroyed work at businesses from carmakers to banks.
Tuesday February 16 2010
U.K. Inflation Rate Accelerates  
U.K. inflation accelerated in January to the fastest pace in 14 months as an increase in sales tax pushed the rate high enough to prompt a public letter of explanation from Bank of England Governor Mervyn King.
Tuesday February 09 2010
U.K. Trade Deficit Widens  
The U.K. trade deficit swelled in December to the widest in almost a year as imports rose faster than exports.
Thursday February 04 2010
Bank of England Halts Bond Purchase Program  
The Bank of England paused its 200 billion-pound ($317 billion) bond-purchase plan and left open the option to buy more as officials gauge the health of the U.K.’s recovery.
Saturday January 30 2010
British Economy is Recovering But is Not Out of the Woods  
In the fourth quarter of 2009, the United Kingdom economy expanded 0.1% qoq, finally emerging from the longest and deepest recession since the mid-1940s. Yet, the recent wave of optimism may be way exaggerated since recent growth is mainly supported by fiscal and monetary stimulus.
Tuesday January 26 2010
British Economy Exits Recession  
The U.K. economy crept back to growth in the fourth quarter of 2009, narrowly emerging from a deep recession that began in the second quarter of 2008.
Wednesday January 20 2010
U.K. Jobless Claims Fell Most Since 2007 in December  
U.K. unemployment fell at the fastest pace since April 2007 last month as the economy showed signs of emerging from its worst recession on record.
Tuesday January 19 2010
U.K. Inflation Rate Jumps Most on Record  
The U.K. inflation rate jumped in December by the most since records began in 1997, posing a challenge to policy makers as they consider when to start raising interest rates
Saturday January 16 2010
UK Exports Rises in November  
UK exports in November jumped to the highest in 13 months, official figures have shown.
Thursday January 07 2010
BOE Keeps Bond-Purchase Plan at 200 Billion Pounds  
The Bank of England pledged to spend the rest of its 200 billion-pound ($318 billion) bond purchase program as policy makers sought to ensure the economy’s escape from the recession.
Tuesday December 22 2009
U.K. GDP Revised Up to Show 0.2% Drop  
The U.K. economy shrank less than previously estimated in the third quarter as a jump in construction and fixed investment brought the longest recession on record closer to ending.
Tuesday December 15 2009
U.K. Inflation Accelerates  
U.K. inflation rose more than economists forecast in November to the fastest pace in six months, driven by fuel and transport costs.
Thursday December 10 2009
Bank of England Keeps 200 Billion-Pound Bond Plan  
The Bank of England stuck to its plan to buy as much as 200 billion pounds ($326 billion) in bonds as officials seek to ensure the economy’s escape from the longest recession on record.
Wednesday December 09 2009
U.K. Trade Deficit Widens  
The U.K.'s trade deficit widened unexpectedly in October as the weaker pound failed to create a higher level of demand for export goods, data showed Wednesday.
Wednesday November 25 2009
U.K. Economy Shrank Less Than Previously Estimated  
The U.K. economy shrank less than previously estimated in the third quarter as consumer spending stopped falling and the service industries slump eased, bringing the longest recession on record closer to an end.
Tuesday November 17 2009
U.K. Inflation Rate Increases  
The U.K. inflation rate rose more than economists forecast in October, climbing for the first time in eight months as fuel costs and air fares climbed.
Wednesday November 11 2009
U.K. Jobless Rises Less Than Forecast  
U.K. unemployment rose at the slowest pace in 18 months in October, bolstering government claims that efforts to lift the economy out of recession are working.
Tuesday November 10 2009
U.K. Trade Gap Widens to 8-Month High  
Britain’s trade deficit unexpectedly widened to an eight-month high in September as a surge in demand for cars helped imports rise at twice the pace of exports.
Thursday November 05 2009
BOE Slows Pace of Bond Purchases  
The Bank of England slowed the pace of bond purchases as signs of an economic recovery give policy makers scope to wind down their money-printing program next year.
Wednesday October 28 2009
The British Economy is in Trouble But There is Still Hope  
In the third quarter of 2009, the British economy contracted 0.4% indicating the deepest and longest recession since the World War II. Yet, as gloomy the situation is, the UK government has some options left to revive growth.
Friday October 23 2009
UK Economy Shrinks in Q3  
The UK economy shrank by 0.4 per cent in the third quarter, indicating that the deepest recession in a generation is not yet over.
Thursday October 15 2009
U.K. Unemployment Rises  
U.K. unemployment rose by the least in a year and fewer people signed on for jobless benefits than economists forecast as the recession eased.
Tuesday October 13 2009
U.K. Inflation Rate Drops to Lowest in Five Years  
The U.K. inflation rate dropped in September by more than economists forecast to the lowest in five years as the worst recession in a generation purged cost pressures throughout the economy.
Friday October 09 2009
U.K. Trade Gap Unexpectedly Widens  
The U.K. trade deficit unexpectedly widened in June, a sign the weakness of the pound has yet to benefit exporters as the global recession persists.
Thursday October 08 2009
Bank of England Holds Rates at 0.5%  
The Bank of England left interest rates at a record low of 0.5 percent for the seventh month running and said it would keep its 175 billion pound asset buying programme in place, as expected
Wednesday September 30 2009
A Weak Pound May Help the British Economy  
British pound has been weakening despite improvements in activity indicators and rising global risk appetite. So, what is behind this downtrend and what does it mean for the British economy?
Wednesday September 23 2009
British Economy Should Remain Weak in 2010  
Strong external growth, better demand for housing and a drop in the pace of destocking indicate the recession in the United Kingdom may be coming to an end. Yet, at Trading Economics, we think that improvement in economic indicators doesn’t necessary mean the UK economy is out of the woods.
Wednesday September 16 2009
U.K. Unemployment Rises to Highest Since 1995  
U.K. unemployment jumped to the highest level since 1995 as the recession destroyed work in industries from banking to construction.
Tuesday September 15 2009
U.K. August Inflation Rate Drops  
The U.K. inflation rate dropped in August by less than economists forecast as higher oil costs offset the effects of the recession
Thursday September 10 2009
BOE Keeps Asset Purchase Plan at 175 Billion Pounds  
The Bank of England plans to keep buying as much as 175 billion pounds ($290 bn) of assets to cement the economy’s recovery from the worst recession in a generation. The central bank also kept the benchmark interest rate at 0.5%.
Wednesday September 09 2009
U.K. Trade Deficit Stays Stable  
The U.K. trade deficit was unchanged in July on the month earlier but exports and imports both recorded their largest increases since January 2008 in the latest sign that the global economy is improving.
Tuesday September 08 2009
Is Quantitative Easing Helping the British Economy?  
Last month, the Bank of England decided to extend its quantitative easing monetary policy, increasing its size by £50bn to £175bn. However, with the British economy improving it is unlikely that this week the Governors vote to expand QE further. And although it is too early to make a full assessment of QE’s effectiveness at Trading Economics we think that its impact on the economy may be very limited.
Friday August 28 2009
U.K. GDP Falls Less Than Forecast 0.7%  
The U.K. economy contracted less than previously estimated in the second quarter as manufacturing, auto services and government spending helped mitigate the biggest slump in business investment in 24 years.
Tuesday August 18 2009
U.K. Inflation Rate Unexpectedly Held at 1.8%  
The U.K. inflation rate unexpectedly held at 1.8 percent in July as the cost of computer games, DVDs and alcohol rose, a sign the economy is staving off deflation as the recession eases.
Wednesday August 12 2009
U.K. Unemployment Rises to 2.44 Million  
U.K. unemployment rose to the highest level in 14 years as companies continue to cut jobs even as the worst recession in at least a generation begins to ease
Tuesday August 11 2009
U.K. Trade Gap Widens  
The U.K. trade deficit unexpectedly widened in June, a sign the weakness of the pound has yet to benefit exporters as the global recession persists.
Monday August 10 2009
Is Quantitative Easing Helping the British Economy?  
Last week, the Bank of England has decided to extend its quantitative easing monetary policy, increasing its size by £50bn to £175bn. And although it is too early to make a full assessment of QE’s effectiveness at Trading Economics we think that its impact on the economy may be very limited.
Thursday August 06 2009
BOE Extends Bond Purchases  
The Bank of England expanded its bond purchase program beyond its original limit in an effort to spur lending and fight a recession that’s deeper than previously anticipated.
Friday July 24 2009
U.K. Economy Shrank by 0.8% in Q2  
The U.K. economy shrank more than twice as much as economists forecast in Q2 as a record annual slump in construction, banking and business services kept Britain mired in the recession.
Wednesday July 15 2009
Is Quantitative Easing Helping the British Economy?  
After five months of quantitative easing policy in the United Kingdom, it is likely the measure will be halted in the next few weeks. And although it is too early to make a full assessment of QE’s effectiveness, at Trading Economics we think that it could have had a better impact on the economy.
Wednesday July 15 2009
U.K. Unemployment Claims Increase the Least in a Year  
U.K. unemployment claims rose the least in a year in June, adding to evidence that the worst of the recession may have passed.
Tuesday July 14 2009
U.K. Inflation Slows Below 2%  
The U.K. inflation rate dropped in June below the Bank of England's 2 percent target for the first time since September 2007 as the recession sapped price pressures in the economy.
Thursday July 09 2009
U.K. Trade Gap Narrows to Smallest in Three Years  
The U.K. trade deficit narrowed in May to the smallest in three years as imports dropped, a sign the recession and the weakness of the pound is hurting demand for foreign products.
Thursday July 09 2009
BOE Keeps Asset-Purchase Plan at 125 Billion Pounds  
The Bank of England stuck to its plan to buy bonds with 125 billion pounds ($202 billion) of newly printed money as officials assess whether the worst of Britain’s recession is over.
Wednesday July 08 2009
No End Yet for British Recession  
In the first quarter of 2009, the United Kingdom GDP felt by 4.9 per cent year-over-year, the steepest decline in record. Recently, the International Monetary Fund has raised its 2010 economic growth forecast for Britain. However, the United Kingdom still has a long way before it can achieve a sustainable recovery.
Wednesday July 08 2009
U.K. Rates To Remain on Hold  
After cutting its benchmark interest rate by an unprecedented 4.5 percentage points to 0.5%, it is expected that the Bank of England will keep the rate unchanged at its July 9 meeting.
Tuesday June 30 2009
UK Economy Shrinks Most in 50 Years  
The UK economy shrank by the most in more than half a century in the first three months of the year, according to revised figures which were much weaker than originally estimated.
Wednesday June 17 2009
Rise in U.K. Unemployment Eases  
The number of jobless in the UK rose by 232,000 to 2.26m people in the three months to April, after a slight moderation in the rate of increase still brought unemployment to 7.2 per cent.
Wednesday June 10 2009
U.K. Trade Deficit Widens  
The UK’s deficit on trade in goods and services was £3.0 billion in April, compared with the deficit of £2.7 billion in March.
Thursday June 04 2009
Bank of England Keeps Rates Unchanged  
The Bank of England’s monetary policy committee voted on Thursday to keep its key rate on hold at half a percentage point and to press ahead with its £125bn asset purchase programme as planned.
Friday May 22 2009
No End Yet for British Recession  
In the first quarter of 2009, the United Kingdom GDP felt by 1.9 per cent quarter on quarter, the steepest quarterly decline in 30 years. What’s next for the British economy? Has the British authorities used all available measures to boost the economy?
Tuesday May 19 2009
U.K. Inflation Falls to Lowest Since January 2008  
Inflation last month fell to its lowest level since the beginning of last year, with the retail price index dropping for the second month in a row – putting further downwards pressure on wages.
Tuesday May 12 2009
U.K. Jobless Total Hits 2.2 million  
The number of people out of work in the UK rose 244,000 to 2.22 million in the first three months of 2009, the Office for National Statistics (ONS) said. The jobless rate rose from 6.7% to 7.1%. Unemployment benefit claimants in April rose 57,100 to 1.51 million.
Tuesday May 12 2009
UK Trade Deficit Narrowed in March  
The UK’s deficit on trade in goods and services was £2.5 billion in March, compared with the deficit of £2.8 billion in February (originally published as a deficit of £3.2 billion).
Thursday May 07 2009
Bank of England to Make More Bond Purchases  
The Bank of England voted to hold rates steady at half a percentage point on Thursday and said it would expand its £75bn quantitative easing programme as it cited concerns about the fragility of the world’s banking system.
Wednesday May 06 2009
Bank of England to Keep Rates at 0.5%  
The Bank of England looks set to leave interest rates at a record low on Thursday and may give little away about the future of its asset purchase scheme ahead of new growth and inflation forecasts next week.
Tuesday May 05 2009
No End Yet for British Recession  
In the first quarter of 2009, the United Kingdom GDP felt by 1.9 per cent quarter on quarter, the steepest quarterly decline in 30 years. What’s next for the British economy? Has the British authorities used all available measures to boost the economy?
Friday April 24 2009
U.K. Economy Shrinks Most Since 1979  
The UK economy contracted much more sharply in the first quarter of this year than economists expected, casting doubt on the chancellor’s economic forecasts made in this week’s Budget
Wednesday April 22 2009
U.K. Unemployment Rises to Highest Level in 12 Years  
U.K. unemployment rose to the highest level since Prime Minister Gordon Brown's Labour Party came to power in 1997 as the recession forced companies from builders to car makers to axe jobs.
Tuesday April 21 2009
U.K. Inflation Drops  
The U.K. inflation rate dropped to the lowest level in a year last month as the recession blunted price pressures across the economy.
Thursday April 09 2009
UK Trade Deficit Widened in February  
The UK's deficit on trade in goods and services was £3.2 billion in February, compared with the deficit of £3.1 billion in January (originally published as a deficit of £3.6 billion).
Thursday April 09 2009
Bank of England Holds Rates at 0.5%  
The Bank of England’s monetary policy committee agreed on Thursday to hold interest rates steady for the first time since last September and maintained its commitment to buy up to £150bn in gilts and corporate bonds.
Tuesday March 31 2009
British Economy Is Sinking  
The United Kingdom economy shrank 2 percent from a year earlier. Has the British authorities used all available measures to boost the economy? What else can be done to stop the downturn spiral?
Friday March 27 2009
U.K. Recession Worse Than Estimated  
The U.K. economy’s contraction in the fourth quarter was deeper than previously estimated as consumer spending and construction slumped the most since 1980.
Wednesday March 25 2009
U.K. Bond Auction Fails  
This week, the United Kingdom government bond auction failed for the first time in seven years. What is behind investors’ reluctance to buy bonds and what impact may it have on the Bank of England monetary policy?
Tuesday March 24 2009
U.K. Inflation Jumps to 3.2%  
UK inflation defied expectations to rise in February for the first time in five months, triggering another exchange of letters between Mervyn King, governor of the Bank of England, and Alistair Darling, chancellor.
Wednesday March 18 2009
U.K. Unemployment Soars Above 2m  
U.K. Unemployment has soared to above 2m for the first time since Labour came to power in 1997, according to official figures published on Wednesday.
Wednesday March 11 2009
U.K. January Trade Deficit Widens  
The UK trade deficit widened in January although it narrowed over a three month period, fuelling expectations a lower pound should boost exports.
Thursday March 05 2009
Bank of England Cuts Rates to 0.5%  
The Bank of England reduced the benchmark interest rate to the lowest ever and said it would start purchasing 75 billion pounds ($105 billion) in assets, printing money to fight the recession.
Tuesday March 03 2009
British Economy Could be Heading into Depression (Update)  
In the last quarter of the 2008, the U.K. gross domestic product fell 1.5 percent from the previous quarter, the most since 1980. What is behind this unprecedented slump? Can interest rates reductions and a weak sterling bring relief to the deteriorating British economy?
Friday February 27 2009
Bank of England Could Drop Rates to Zero  
The United Kingdom economy contracted the most since 1980 in the fourth quarter of 2008 as the financial crisis ceased consumer spending and companies stop investing. Has the Bank of England used all available measures to boost the credit? What else can be done to stop the downturn spiral?
Wednesday February 25 2009
U.K. Economy Shrinks Most Since 1980  
The U.K. economy contracted the most since 1980 in the fourth quarter as the financial crisis prompted spending by consumers and companies to shrivel.
Tuesday February 17 2009
UK Inflation Rate Eases to 3%  
Inflation in January registered a much larger year-on-year rise than many economists had expected, given falling costs of fuel and housing and the rising slack apparent elsewhere in the UK economy.
Wednesday February 11 2009
U.K. Unemployment Hits 10-Year High  
The total number of people out of work continued to rise sharply at the end of last year but failed to top the 2m mark as widely expected according to official figures published on Wednesday.
Tuesday February 10 2009
UK Trade Deficit Narrows  
The UK trade deficit narrowed in December as falling demand at home led to lower imports, official figures showed on Tuesday.
Thursday February 05 2009
British Economy Could Be Heading Into Depression (Update)  
On February 5th the Bank of England cut its benchmark rate to 1%, the lowest level since the central bank was founded in 1694. Will it be enough to help the sinking British economy?
Thursday February 05 2009
Bank of England Cuts Rate to 1%  
The Bank of England cut the benchmark interest rate to the lowest since the bank was founded in 1694 to help drag the British economy out of the deepening recession.
Friday January 23 2009
UK Economy Shrinks 1.5%  
Britain fell deeper into recession during the final three months of last year as the economy contracted by 1.5 per cent, according to new figures released on Friday.
Wednesday January 21 2009
U.K. Jobless Claims Rises  
U.K. unemployment rose at the second- fastest pace since 1991 in December as the worsening recession prompted companies from retailers to automakers to cut jobs.
Tuesday January 20 2009
UK Inflation Falls by Most Since 1992  
UK inflation fell in December by the most for more than sixteen years as the cut in VAT came into effect and stores slashed prices in an attempt to attract customers, official data out on Tuesday showed.
Wednesday January 14 2009
British Economy Could Be Heading Into Depression  
On January 8th the Bank of England cut its benchmark rate to 1.5%, the lowest level since the central bank was founded in 1694. For some, this was an admission of defeat. For others, this was a desperate step to help the sinking British economy.
Tuesday January 13 2009
UK Trade Deficit Rises  
The UK trade deficit rose in November as exports of goods fell sharply, in a sign of the threat posed by collapsing global demand to the British economy.
Thursday January 08 2009
UK Cuts Interest Rates to 1.5%  
The Bank of England cut interest rates by half a percentage point on Thursday to the lowest level in its 315-year history.
Tuesday December 23 2008
U.K. Economy Shrinks  
The U.K. economy shrank the most since 1990 in the third quarter and mortgage lending dropped to the lowest in 14 years as tightening credit exacerbated the slide into recession.
Wednesday December 17 2008
UK Unemployment Rises  
The number of people claiming unemployment benefit climbed to 1.07m last month, exceeding the one million mark for the first time since 2001, official figures revealed on Wednesday.
Tuesday December 16 2008
UK Inflation Falls to 4.1%  
Inflation fell sharply last month on the back of falling petrol prices but it remains far above the government’s target, forcing Mervyn King, governor of the Bank of England, to write another letter on Tuesday explaining why inflation remains so high and what the Bank is doing to bring it down.
Tuesday December 09 2008
UK Trade Deficit Widened in October  
The UK’s deficit on trade in goods and services was £3.9 billion in October, compared with the revised deficit of £3.5 billion in September (originally published as a deficit of £3.9 billion).
Thursday December 04 2008
Bank of England Cuts Rates to 2%  
Signs that the economic downturn is gathering pace prompted the Bank of England’s monetary policy committee to cut interest rates on Thursday by a full percentage point to 2 per cent, the lowest level for more nearly four decades.
Tuesday November 18 2008
U.K. Inflation Rate Falls  
The U.K. inflation rate fell more than economists forecast in October, recording the steepest drop in at least 11 years and giving the Bank of England scope to cut interest rates further as the economy slides into a recession.
Wednesday November 12 2008
U.K. Jobless Claims Rise 36,500 in October  
U.K. unemployment rose at the fastest pace in 16 years in October after companies from banks to builders cut jobs as the economy tilted on the brink of its first recession since 1991.
Tuesday November 11 2008
Britain’s Trade Deficit Narrows  
Britain’s trade deficit is estimated to have narrowed in September to £3.9bn, while the August shortfall was revised downward to £4.4bn, according to data from the Office for National Statistics.
Thursday November 06 2008
BoE Cuts Rate by 1.5pp  
The Bank of England unexpectedly cut the benchmark interest rate by 1.5 percentage points to the lowest since 1955 as policy makers tried to limit damage caused by the worst banking crisis in almost a century.
Thursday October 16 2008
Will the U.K Economy Survive?  
The United Kingdom economy is in the early stage of a severe recession according to the most recent economic data. But will the recently announced £500bn bank bailout package and drastic interest rates cuts bring relief to a rapid deteriorating economy?
Wednesday October 15 2008
U.K. Unemployment Rises  
U.K. unemployment rose to the highest level in almost two years in September as the prospect of a recession and the global financial crisis prompted a spate of job cuts from banks to construction companies.
Tuesday October 14 2008
U.K. Inflation Rises in September  
U.K. inflation quickened to the fastest pace in at least 11 years in September, squeezing consumers with higher living costs as the financial market crisis curbed the availability of credit.
Thursday October 09 2008
U.K. Trade Deficit Wider Than Expected  
Britain’s trade deficit slightly narrowed in August to £4.7bn from £4.8bn in July but was wider than expected, as exports were hit by a slowing world economy that offset the sharp fall in sterling.
Wednesday October 08 2008
Bank of England Reduces Bank Rate in Coordinated Move  
The Bank of England's Monetary Policy Committee today voted at a special meeting to reduce the official Bank Rate paid on commercial bank reserves to 4.5%.
Wednesday September 17 2008
U.K. Unemployment Rises Most Since 1992  
U.K. unemployment rose the most in 16 years in August, adding to Prime Minister Gordon Brown's woes as falling house prices and the global financial crisis push Britain toward a recession.
Tuesday September 16 2008
FTSE 100 Drops Below 5,000  
U.K. stocks slumped, sending the benchmark FTSE 100 Index below 5,000 for the first time since June 2005, as concern grew there may be further capital raisings at financial companies and commodity stocks fell with metals prices.
Tuesday September 16 2008
UK Inflation Rises to 4.7%  
UK CPI rose to 4.7 per cent in August, up from 4.4 per cent in July on the back of sharp rises in gas and electricity bills.
Monday September 15 2008
UK Trade Deficit Narrows in July  
The UK’s deficit on trade in goods and services was £4.6 billion in July, compared with the revised deficit of £5.0 billion in June.
Friday September 05 2008
BoE Keeps Rates on Hold  
The Bank of England held interest rates at 5 per cent amid further signs of weakness in the housing and car markets.
Monday September 01 2008
Pound Drops to Record Low Vs Euro  
The pound dropped to a record low against the euro on Monday after Alistair Darling, the UK’s finance minister, said conditions in the country’s economy were as bad as they had been for more than half a century.
Friday August 29 2008
Pound Posts Monthly Loss  
The pound fell to the lowest level in more than four months against the euro after a report showed consumer confidence held near a record low in August, strengthening the case for lower interest rates.
Thursday August 28 2008
Pound Drops Vs Euro  
The U.K. pound fell to the lowest level in four months against the euro after a private report showed house prices fell a ninth month.
Wednesday August 27 2008
Pound Drops Versus Euro  
The U.K. pound fell to the lowest level in almost three months against the euro on speculation a deepening slump in the nation's housing market may force the central bank to cut interest rates.
Tuesday August 26 2008
FTSE Cuts Losses  
An oil price rise late in the session helped London stocks stage a modest recovery from early losses that had knocked investors returning from their three-day weekend break.
Tuesday August 26 2008
U.K. Pound Falls Against Dollar  
The U.K. pound fell against the dollar, extending a fifth week of declines, the longest losing streak since February 2006, before an industry group releases mortgage approvals data for last month.
Saturday August 23 2008
U.K. Pound Falls to One-Week Low Vs Euro  
The U.K. pound fell to a one-week low against the euro after a government report showed economic growth stagnated in the second-quarter, strengthening the case for lower interest rates.
Friday August 22 2008
U.K. Economic Growth Stagnated in Q2  
The U.K economy stagnated unexpectedly in the second quarter, ending the nation's longest stretch of economic growth in more than a century.
Tuesday August 19 2008
Pound Falls Near Two-Year Low Vs Dollar  
The pound fell to near a two-year low against the dollar and slipped versus the euro after BoE policy maker Tim Besley said inflation will fall by the end of next year, adding to the case for interest-rate cuts.
Monday August 18 2008
Pound Declines  
The pound dropped against the euro and traded near a two-year low versus the dollar after U.K. house prices posted their biggest annual decline in August since at least 2002, strengthening the case for lower interest rates.
Wednesday August 13 2008
Jobless Claimants Rise at Fastest in 16 Years  
The number of people claiming unemployment benefit rose in July at the fastest rate for almost 16 years as the UK jobs market came under increasing strain.
Wednesday August 13 2008
U.K. Pound Falls to 22-Month Low  
The U.K. pound fell to a 22-month low against the dollar and government bonds advanced after the Bank of England cut its growth forecast and held out the prospect of lower interest rates as unemployment rose the most in almost 16 years.
Tuesday August 12 2008
U.K. Inflation Rate Rises to 4.4%  
U.K. inflation accelerated to more than double the central bank's 2 percent target in July, making it harder for policy makers to cut interest rates as the threat of a recession looms.
Tuesday August 12 2008
U.K. Pound Declines to 21-Month Low  
The pound slid to its lowest level in almost 21 months against the dollar after an industry report showed U.K. house prices fell in July, adding to evidence the economy is slowing.
Friday August 08 2008
Pound Slides to 17-Month Low Vs Dollar  
The pound dropped to a 17-month low against the dollar on concern the economy is edging toward a recession as U.K. banks repossessed the most homes in 12 years in the first half and house prices lost two years of gains.
Thursday August 07 2008
Pound Falls Against Euro  
The pound stayed near a seven-week low against the euro after the Bank of England left its benchmark interest rate unchanged.
Thursday August 07 2008
Bank of England Holds Rates at 5%  
The Bank of England’s monetary policy committee left interest rates unchanged at 5 per cent for the fifth consecutive month on Thursday, after evidence of a weakening economy left it little scope to toughen its stance against rising inflation.
Tuesday August 05 2008
Pound Falls to 7-Week Low Vs Dollar  
The pound declined to the lowest level in seven weeks against the dollar as U.K. factory production unexpectedly shrank for a fourth month in June.
Monday August 04 2008
Pound Falls as Construction Index Drops to Lowest Since 1997  
The pound fell against the euro for a third day and dropped versus the dollar after an industry report showed the U.K.'s construction industry shrank in July at the fastest pace in 11 years.
Saturday August 02 2008
Is U.K. on the Brink of Recession?  
After 16 years of uninterrupted growth the outlook for the United Kingdom economy is deteriorating day by day. Indeed, businesses surveys have fallen sharply and in most cases are close to record lows. How is it possible that the fifth-largest economy in the world is on the brink of recession?
Friday August 01 2008
Pound Headed for Weekly Drop  
The pound headed for its biggest weekly drop against the dollar since mid June as U.K. manufacturing shrank by the most in a decade, adding to evidence a recession is looming.
Thursday July 31 2008
Pound Falls Against Euro  
The pound snapped two days of gains against the euro after U.K. consumer confidence dropped to a record low in July and house prices slumped more than forecast.
Wednesday July 30 2008
U.K. Pound Advances Against Euro  
The U.K. pound strengthened against the euro for a second day. The pound fell 6.6 percent against the euro this year. It's little changed versus the dollar.
Tuesday July 29 2008
Sterling Hit by Consumer Fears  
Sterling fell on Tuesday as weak economic data stacked up to show that belts were tightening across the UK as housing market conditions worsened and rising prices hit consumers in the pocket.
Monday July 28 2008
Pound Falls as House Prices Drop Most Since 2001  
The pound fell against the euro and gilts rose after U.K. house values dropped in July by the most in at least seven years, increasing concern the economy is headed toward a recession.
Tuesday July 22 2008
Pound Falls Against Euro  
The pound declined for a third day against the euro on concern the fallout from the global credit crunch will hurt the U.K. economy more than anticipated.
Monday July 21 2008
FTSE Rallies on Stronger Banks and Oil  
London shares turned into positive territory as heavily-weighted mining and oil stocks were bought on speculation commodity prices were due another run higher after several sessions of losses.
Monday July 21 2008
Pound Weakens Against Dollar, Euro  
The pound declined against the dollar and the euro after an industry report showed house prices slumped in July, adding to signs the economy is slowing.
Wednesday July 16 2008
U.K. Unemployment Jumped the Most Since 1992  
U.K. unemployment jumped the most in June since the aftermath of the last recession in 1992 as the economic slowdown forced housebuilders and banks to cut jobs and stop hiring.
Tuesday July 15 2008
Pound Rises to 3 1/2-Month High  
The U.K. pound rose to a 3 1/2-month high against the dollar as inflation accelerated to the highest level in more than a decade, while government bonds gained as sliding equities lured investors to the safest assets.
Tuesday July 15 2008
UK Inflation Surges to 3.8% in June  
Consumer price inflation shot up even faster than expected last month, official data showed on Tuesday, with jumps in the cost of food and petrol taking the annual rate to nearly double the Bank of England’s target and leaving little prospect of near term cuts in interest rates.
Thursday July 10 2008
Bank of England Holds Rates at 5%  
The Bank of England’s Monetary Policy Committee voted to leave interest rates unchanged at 5.0 per cent on Thursday following its monthly two-day meeting.
Wednesday July 09 2008
British Pound Falls Against Euro  
The pound fell against the euro after an industry survey showed confidence among Britain's consumers dropped in June to the lowest level in at least four years.
Monday July 07 2008
Pound Falls After U.K. Manufacturing Contracts  
The pound slid against the dollar and the euro and bonds rose after a government report showed U.K. manufacturing contracted more than predicted in May, deepening concern the economy will tip into a recession.
Tuesday June 24 2008
U.K. Pound Declines Against Euro  
The U.K. pound fell against the euro after a British Bankers' Association report showed mortgage approvals slid last month to the lowest level since at least 1997.
Friday June 20 2008
Pound Falls  
The pound fell against the euro after Bank of England Deputy Governor John Gieve said U.K. house prices will extend their slide, denting consumer confidence.
Wednesday June 18 2008
Pound Drops  
The pound fell for a second day against the dollar as minutes from this month's Bank of England policy meeting showed members decided an interest-rate increase wasn't ``urgently'' required to keep inflation contained.
Tuesday June 17 2008
Pound Falls as U.K. Inflation Accelerates  
The U.K. pound dropped the most in two weeks against the euro as traders pared bets that the Bank of England will increase interest rates on speculation worsening inflation will stifle economic growth.
Tuesday June 17 2008
King Warns Inflation to Reach 4% by Year-end  
Mervyn King, the BoE's governor, has been forced to exchange letters with the chancellor on Tuesday explaining how he plans to restore price stability, after official data showed UK consumer price inflation rose to 3.3 per cent in May.
Monday June 16 2008
U.K. Pound Gains Against Dollar, Euro  
The pound rose against the dollar and euro for a second day on speculation U.K. inflation exceeded the Bank of England's target in May.
Wednesday June 11 2008
U.K. May Unemployment Rises  
U.K. unemployment rose to the highest in seven months in May as weakening economic growth prompted companies to cut staff.
Wednesday June 11 2008
Pound Declines  
The pound fell against the euro, snapping a two-day gain, on mounting speculation a housing-market slump caused by the credit squeeze is curbing economic growth.
Wednesday June 11 2008
UK Trade Deficit Widens in April  
The UK’s trade deficit widened unexpectedly in April as imports rebounded and import prices inflation reached a 15-year high, official data showed on Wednesday.
Tuesday June 10 2008
Pound Drops Against Dollar, Euro  
The pound snapped a three-day gain against the dollar as an industry report showed a squeeze on mortgage lending kept U.K. house price declines close to the most widespread level in at least three decades.
Monday June 09 2008
FTSE Struggles to Find Direction  
Gains for resource stocks struggled to pull London’s FTSE 100 index higher on Monday afternoon, with the index flitting between positive and negative territory after a difficult morning hampered by fears of slowing growth and rising inflation.
Thursday June 05 2008
U.K. Pound Falls Against Dollar  
The pound fell against the dollar and euro after accelerating inflation prevented the Bank of England from cutting interest rates to support the economy.
Thursday June 05 2008
BoE Holds Rates at 5%  
The Bank of England’s monetary policy committee left interest rates unchanged at 5 per cent as expected on Thursday, with its room for manoeuvre severely limited by intense inflationary pressures and bleak prospects for economic growth.
Wednesday June 04 2008
Pound Falls  
The pound fell to a two-week low against the dollar on speculation accelerating inflation will prevent the Bank of England cutting interest rates tomorrow to bolster the U.K. economy.
Sunday June 01 2008
Pound Falls on U.K. Subprime Losses  
The British pound fell against the dollar and euro after news reports said Bradford & Bingley Plc, the U.K.'s biggest mortgage lender to landlords, needs to raise money from shareholders and profit will be lower than expected.
Tuesday May 27 2008
Pound Falls  
The pound fell against the major currencies as evidence the housing-market slowdown in the U.K. is deepening sapped demand.
Friday May 23 2008
UK Economy Grows at Slowest Pace in Three Years  
The UK economy grew at its weakest pace in three years in the first quarter of 2008, thanks to a sharp drop in investment that offset surprisingly strong growth in household consumption, official data showed on Friday.
Thursday May 22 2008
Pound Gains on Retail Sales  
The pound rose for a third day against the dollar after a government report showed U.K. retail sales declined less than economists forecast in April.
Tuesday May 13 2008
Pound Drops Versus Euro  
The pound fell as an industry report showed London's property market had the most widespread price declines in at least 14 years last month, raising prospects of an interest-rate cut in June.
Tuesday May 13 2008
U.K. April Inflation Rate Jumps  
Britain's inflation rate jumped the most since 2002 in April, making it harder for the Bank of England to support economic growth by cutting interest rates.
Monday May 12 2008
Pound Rises on Producer Prices  
The pound rebounded from a two-week low against the euro and climbed versus the dollar after a surge in U.K. producer prices prompted traders to pare bets the Bank of England will cut interest rates next month.
Thursday May 08 2008
Bank of England Keeps Rate at 5%  
The Bank of England kept the benchmark interest rate unchanged, guarding against inflation after three cuts in borrowing costs since December.
Wednesday May 07 2008
Pound Falls Against Dollar, Euro  
The pound fell to a 2 1/2-month low against the dollar after an industry report showed U.K. consumer confidence declined to the weakest in at least four years last month, strengthening the case for a cut in interest rates.
Thursday May 01 2008
Pound Gains Against Euro  
The pound rose to the highest level in more than a month against the euro after the Bank of England signaled the worst of the credit crisis in the U.K. may be over.
Tuesday April 29 2008
Pound Declines Against Dollar  
The pound fell by the most in more than a week against the dollar after an official report showed mortgage approvals dropped in March to the lowest level in at least nine years, prompting traders to increase bets on further interest- rate cuts.
Friday April 25 2008
Pound Falls Versus Dollar  
The pound fell against the dollar, headed for a weekly decline, as traders bet the Federal Reserve will next week signal it will slow the pace of its interest-rate cuts.
Friday April 25 2008
UK Economy Slows in Q1  
The UK economy slowed as expected in the first three months of 2008, registering the weakest quarter of growth since the start of 2005 as energy extraction fell and the service sector lost momentum, official data showed on Friday.
Thursday April 17 2008
Pound Rises Against Major Currencies  
The pound rose against the major currencies after a rally in European stock markets stoked demand for higher-yielding assets.
Wednesday April 16 2008
U.K. March Unemployment Declines Less Than Forecast  
U.K. unemployment fell less than economists forecast in March as the country's job market showed signs of weakening.
Tuesday April 15 2008
FTSE Shrugs off Negative Data  
The FTSE shrugged off a slew of negative data on Tuesday, including evidence that the UK housing market is in its worst shape for 30 years.
Tuesday April 15 2008
Pound Falls to Record Versus Euro  
The pound fell to a record low against the euro after reports showed CPI rose at a slower pace than forecast last month and the property-market slump deteriorated to the worst since records began.
Tuesday April 15 2008
U.K. Inflation Holds at 2.5%  
The U.K.'s inflation rate stayed at 2.5 percent in March, less than economists forecast, giving the Bank of England scope to cut interest rates further.
Monday April 14 2008
Pound Rises  
The pound rose against the major currencies on evidence inflation is accelerating, limiting the scope of the Bank of England to keep cutting interest rates.
Thursday April 10 2008
U.K. Trade Deficit Shrinks  
The U.K. trade deficit narrowed in February as record oil sales and the weakness of the pound kept exports close to the highest in 1 1/2 years.
Thursday April 10 2008
Pound Trades Near Record Low Against Euro  
The pound traded near a record low against the euro after the Bank of England cut its main interest rate a quarter-percentage point and the European Central Bank stayed on hold.
Thursday April 10 2008
Bank of England Cuts Rates to 5%  
The BoE cut interest rates from 5.25 per cent to 5 per cent on Thursday, acting to offset the effects renewed strains in money markets are having on household and corporate borrowers.
Wednesday April 09 2008
Pound Falls against Euro  
The pound fell to a record of 80 pence per euro after U.K. consumer confidence slid to the lowest level in almost four years, boosting speculation the Bank of England will cut interest rates tomorrow.
Tuesday April 08 2008
Banks Drive FTSE Lower  
London equities fell on Tuesday, with banking stocks at the forefront of the selling as the FTSE 100’s six-session rally faded.
Tuesday April 08 2008
Britain's Pound Falls to Record Against Euro  
The pound fell to a record against the euro after the U.K.'s biggest mortgage lender said house prices dropped by the most since 1992 last month, adding to the case for an interest-rate cut this week.
Monday April 07 2008
Will the BoE Cut Rates?  
Since last year's interest rate hike cycle, UK's Monetary Policy Committee has already reduced the official interest rate during two occasions. But will the MPC cut again this Thursday?
Monday April 07 2008
Pound Falls Versus Dollar  
The pound fell against the dollar on speculation the Bank of England will cut interest rates this week as U.K. economic growth slows.
Tuesday April 01 2008
U.K. Pound Rises as Stocks Advance  
The pound rose against the euro on speculation the biggest financial institutions will ride out losses on credit markets, boosting demand for higher-yielding assets.
Friday March 28 2008
U.K. Economy Grew Slower in Q4  
The U.K. economy expanded slower than forecast in the fourth quarter as consumer spending growth was revised lower and government expenditure fell.
Tuesday March 25 2008
What's Next for UK?  
This year can be crucial for the British economy since it may bring a significant reduction on its economic growth. Slowing housing market and tighter financial conditions could be at the heart of the slowdown.
Thursday March 20 2008
British Pound Rises Against Euro  
The pound rose the most against the euro in two months, paring a weekly decline, after a government report showed sales at U.K. stores unexpectedly grew last month, and as investors judged yesterday's drop was exaggerated.
Tuesday March 18 2008
FTSE Bounces Back ahead of Fed Rate Call  
Shares in London recovered some of their poise on Tuesday amid expectations of a full-point cut in US interest rates.
Tuesday March 18 2008
U.K. Pound Rises Against Dollar  
The pound rose from a two-week low against the dollar on speculation the Federal Reserve will cut interest rates by the most in two decades today, boosting the yield advantage of U.K. assets.
Tuesday March 18 2008
Inflation Surges in the UK  
Consumer price inflation rose sharply to a nine month high in February as statisticians changed the way they accounted for increases in gas and electricity tariffs, official data showed on Tuesday.
Monday March 17 2008
Pound Slumps to Record Versus Euro  
The pound fell the most in six years against the euro, declining to a record, after the Federal Reserve cut its discount rate and JPMorgan Chase & Co. bought Bear Stearns Cos.
Thursday March 06 2008
BoE Leaves Rates on Hold at 5.25%  
The Bank of England’s monetary policy committee held interest rates at 5.25 per cent on Thursday, deciding there was not yet enough evidence of a sharp slowdown in growth to warrant further rate cuts.
Wednesday March 05 2008
Pound Falls to Record Against Euro  
The pound fell to a record against the euro and had its biggest decline in two weeks versus the dollar as U.K. consumer confidence slipped to the lowest level in more than three years.
Thursday February 28 2008
Pound Trades Near $2  
The pound traded within two cents of $2 on speculation the Bank of England will lower interest rates at a slower pace than the Federal Reserve.
Wednesday February 27 2008
Weaker Domestic Demand Slows UK Growth  
A sharp weakening in domestic demand led economic growth to slow at the end of last year, despite higher government spending and the biggest rise in inventories for 20 years, official data showed on Wednesday.
Wednesday February 13 2008
King Warns of Threats to UK Growth  
Interest rates are unlikely to fall as much as markets expect to stem an economic slowdown, the Bank of England signalled on Wednesday in a hawkish inflation report, warning of “substantial challenges for policy” in the year ahead.
Tuesday February 12 2008
UK Inflation Growth Weaker Than Expected  
Consumer price inflation rose less than expected in January, but edged farther above the Bank of England’s 2 per cent target as higher food and petrol prices took effect, official data showed on Tuesday.
Monday February 11 2008
U.K. Pound Falls Against Euro  
The pound fell against the euro and declined to within a quarter of a cent of a three-week low versus the dollar before a government report that may show U.K. house prices grew at the slowest pace in 1 1/2 years in December.
Thursday February 07 2008
UK cuts interest rates to 5.25%  
The Bank of England cut the bank rate by a quarter-point to 5.25 per cent, as was widely expected, amid growing signs of a weakening UK economy.
Wednesday February 06 2008
Bank of England Will Probably Lower Rate  
Bank of England Governor Mervyn King and European Central Bank President Jean-Claude Trichet may today signal that growth is increasingly replacing inflation as their biggest concern.
Thursday January 24 2008
FTSE Records Biggest Gain for 5 Years  
The FTSE 100 shrugged off a €5bn fraud at French bank Société Générale to record its biggest one-day performance since the start of the last bull market.
Wednesday January 23 2008
U.K. Growth Slows to Weakest Pace in More Than a Year  
The U.K. economy grew at the slowest pace in more than a year during the Q4 after a jump in credit costs hampered brokerage and computer services.
Tuesday January 22 2008
FTSE Ends up 3 pct as U.S. Rate Cut Lifts Banks  
Britain's top share index rebounded 2.9 percent on Tuesday after a hefty rate cut by the U.S. Federal Reserve propelled heavyweight financial stocks higher.
Tuesday January 22 2008
U.K. Pound Extends Gain Versus Dollar  
The U.K. pound extended its advance against the dollar after the Federal Reserve cut its target overnight lending rate three quarters of a percentage point to 3.5 percent in an emergency meeting.
Monday January 21 2008
FTSE 100 Suffers Biggest Fall Since September 11 2001  
The FTSE 100 on Monday suffered its biggest one-day fall since the terrorist attacks on the World Trade Centre more than six years ago as fears about the prospects for the global economy took hold.
Thursday January 17 2008
British Pound Could be the Biggest Loser in 2008  
It seems that this could be the year that the British pound will loose its strength and replace the U.S. dollar as the biggest looser of the currency market.
Wednesday January 16 2008
Pound Declines After Worst Month for Housing Market in 15 Years  
The pound fell to near a 10-month low against the dollar after an industry survey showed December was the worst month for the housing market since the aftermath of Britain's recession in 1992.
Wednesday January 16 2008
U.K. Unemployment Declined to the Lowest Since 1975  
U.K. unemployment fell in December to the lowest since 1975 as the fastest annual economic growth in three years encouraged companies to hire more workers.
Tuesday January 15 2008
Pound Rises as U.K. Inflation Exceeds BOE's Target  
The pound rose the most against the dollar in a month and rebounded from a record low versus the euro as inflation unexpectedly held above the Bank of England's 2 percent target for a third month, reducing pressure on policy makers to cut interest rates.
Tuesday January 15 2008
UK Inflation Holds Steady  
UK consumer price inflation remained steady at 2.1 per cent in December, above the Bank of England’s target for the third consecutive month.
Thursday January 10 2008
Pound Falls to Record Versus Euro  
The pound fell to a record low against the euro as investors bet the economic slowdown will prompt the Bank of England to cut its benchmark interest rate next month, after leaving it unchanged today.
Thursday January 10 2008
U.K. Trade Deficit Was Wider Than Forecast  
The U.K.'s trade deficit was wider than economists forecast in November as imports of goods swelled to the most in 1 1/2 years, driven by record purchases of oil.
Thursday January 10 2008
Bank of England Holds Rates Steady  
The Bank of England left interest rates unchanged at 5.5 per cent on Thursday, opting to take more time to assess the extent of the slowdown in the economy and of inflationary pressures.
Monday December 31 2007
Pound Has First Annual Drop Against Euro Since 2004  
The pound posted its first annual drop in three years against the euro on speculation the Bank of England will keep cutting interest rates while the European Central Bank stays on hold.
Monday December 31 2007
FTSE Ends 2007 Lower  
Britain's FTSE 100 .FTSE index fell on Monday, ending a year overshadowed by credit crisis and market turmoil with gains of 3.8 percent -- its worst performance since 2002.
Friday December 21 2007
Pound Hits Record Low Against Euro  
The pound dropped to a record low against the euro of Friday as the prospects of a near-term cut in UK interest rates continued to weigh on the currency.
Thursday December 20 2007
U.K. Economy Grows Faster Than Forecast in Q3  
The U.K. economy expanded faster than economists forecast in the third quarter, driven by the strongest consumer spending in more than a year.
Tuesday December 18 2007
UK Inflation Holds Steady at 2.1% in November  
UK inflation held steady at 2.1 per cent in November despite fears it would be fuelled by rising food and fuel prices, giving the Bank of England more leeway to cut interest rates if the economy slows rapidly at the start of next year.
Wednesday December 12 2007
U.K. Unemployment Lowest Since 1975  
U.K. unemployment fell more than twice as much as forecast to the lowest since 1975 in November as the strength of the economy encouraged companies to take on more workers.
Tuesday December 11 2007
U.K. October Trade Deficit Narrows  
The U.K. trade deficit narrowed in October as exports increased, a sign the strength of global economic growth and the pound's drop against the euro is helping British companies sell their products overseas.
Thursday December 06 2007
Bank of England Cuts Rates to 5.5%  
The Bank of England cut interest rates from 5.75 per cent to 5.5 per cent on Thursday as its monetary policy committee judged that worsening conditions in financial markets and a tightening supply of credit had increased the risks to growth and inflation.
Friday November 23 2007
UK Economic Growth Revised Down  
The economy did not grow quite as quickly in the third quarter as previously thought, the Office for National Statistics said on Friday, as separate figures showed banks pulling back from lending to households in October.
Wednesday November 14 2007
U.K. Unemployment Fells to Lowest in 2 1/2-Years  
U.K. unemployment fell to the lowest in more than 2 1/2 years in October, as accelerating economic growth spurred companies to hire workers.
Tuesday November 13 2007
U.K. CPI Rose to a Four-Month High  
U.K. inflation rate surprisingly rose in October above the Bank of England's 2 percent target to a four-month high, suggesting higher interest rates have yet to press price pressures out of the economy.
Friday November 09 2007
U.K. Trade Deficit Widens to £5.1bn in September  
The U.K. trade deficit widened to a record in September as exports to non European Union countries fell, as stronger pound lowered demand for British goods and global economic growth is cooling.
Thursday November 08 2007
Bank of England holds rates at 5.75%  
Interest rates were left on hold at 5.75 per cent on Thursday as the majority of members on the Bank of England’s monetary policy committee decided the risks of a sharp economic slowdown and falling inflation were not serious enough to warrant an interest rate cut.
Tuesday October 30 2007
Sterling hits 26-year high against dollar  
Sterling hit a 26-year high against the dollar on Tuesday as expectations that the Bank of England would move to cut UK interest rates were dented.
Friday October 19 2007
U.K. Economy Grows Faster Than Forecast in Q3  
The U.K. economy grew faster than economists forecast in the third quarter, driven by services from airlines to banks, a sign higher borrowing costs have yet to cool expansion.
Wednesday October 17 2007
U.K. Unemployment Fell to 2 1/2-Year Low in September  
Unemployment in Britain fell to a 2 1/2-year low in September as accelerating economic growth led companies to add workers, reducing the case for an immediate cut in interest rates.
Tuesday October 16 2007
U.K. September CPI Lowest Since March 2006  
UK CPI annual inflation was 1.8% in September, as the cost of energy and clothing fell, giving the Bank of England scope to protect economic growth by cutting interest rates.
Tuesday October 09 2007
UK Trade Deficit narrowed to £4.1bn in August  
The UK’s deficit on trade in goods and services was £4.1 billion in August, compared with a revised deficit of £4.6 billion in July (previously published as £4.4 billion).
Thursday October 04 2007
BoE Keeps Interest Rate Unchanged  
The Bank of England kept its key interest rate unchanged today as policy makers assess the effect on the economy of higher corporate borrowing costs and a run on lender Northern Rock Plc, a survey of economists shows.
Wednesday September 26 2007
UK GDP rose by 0.8% in Q2 2007  
GDP grew by 0.8 per cent in the second quarter of 2007, unrevised from last month. The level of GDP is now 3.1 per cent higher than the second quarter of 2006.
Tuesday September 18 2007
UK CPI at 1.8% in August  
CPI annual inflation was 1.8 per cent in August, down from 1.9 per cent in July.
Wednesday September 12 2007
UK unemployment rate 5.4% in Q2  
The trends in the employment and unemployment rates are falling. There has been a further fall in the number of people claiming Jobseeker's Allowance benefit.
Tuesday September 11 2007
UK Deficit on trade widened to £4.4 bn in July  
The UK's deficit on trade in goods and services was £4.4 billion in July, compared with a revised deficit of £3.9 billion in June (previously published as £3.6 billion).
Thursday September 06 2007
Bank of England holds interest rate at 5.75 percent  
The Bank of England kept official interest rates steady for a second month running on Thursday, and said it was keeping a close eye on market developments to see how they would affect companies and consumers.
Friday August 24 2007
UK economy rose by 0.8% in Q2 2007  
GDP rose by 0.8 per cent in the second quarter of 2007, up from 0.7 per cent in the first quarter. The level of GDP is now 3.0 per cent higher than the second quarter of 2006.
Tuesday August 14 2007
UK July CPI down to 1.9%  
CPI annual inflation – the Government's target measure – was 1.9 per cent in July, down from 2.4 per cent in June.
Thursday August 09 2007
UK Trade Deficit narrows to £3.6 bn in June  
The UK’s deficit on trade in goods and services was £3.6 billion in June, compared with a deficit of £3.7 billion in May (previously published as £3.5 billion).
Monday August 06 2007
Bank of England Leaves Interest Rate at Six-Year High  
The Bank of England left its benchmark interest rate at a six-year high on August 2 as policy makers assess whether five quarter-point increases in the past year are enough to quell inflation.
Monday August 06 2007
British pound falls as traders cut back on rate expectations  
The British pound could fall further as investors lower expectations the Bank of England will raise interest rates again this year. The implied yield on the December interest-rate futures contract has fallen 10 basis points to 6.15 percent in the past two weeks.
Friday July 20 2007
UK GDP rises 0.8% in Q2  
GDP rose by 0.8 per cent in the second quarter of 2007, compared with a rise of 0.7 per cent in the previous quarter.
Tuesday July 17 2007
UK CPI rose by 2.4 per cent in the year to June  
In the year to June, the consumer prices index (CPI) rose by 2.4 per cent, down from 2.5 per cent in May; the all items retail prices index (RPI) rose by 4.4 per cent, up from 4.3 per cent in May.
Thursday July 05 2007
BoE Raises Bank Rate by 0.25 Percentage Points to 5.75%  
The Bank of England’s Monetary Policy Committee today voted to raise the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.75%.
Wednesday June 20 2007
Bank of England Governor King favored an interest rate hike  
King, John Gieve, Timothy Besley and Andrew Sentance argued for a quarter-point move to 5.75 percent to cool the economy and quell inflation, minutes of the June 6-7 meeting published by the central bank in London showed.
Monday June 18 2007
BoE maintains interest rate at 5.5%  
The Bank of England’s Monetary Policy Committee voted on June 7 to maintain the official Bank Rate paid on commercial bank reserves at 5.5%.
Monday June 18 2007
UK deficit on trade increases to £4.5 billion in March  
The UK's deficit on trade in goods and services was £4.5 billion in March, compared with a deficit of £4.3 billion in February
Monday June 18 2007
UK GDP rose by 0.7 per cent in the first quarter of 2007  
GDP rose by 0.7 per cent in the first quarter of 2007, the same rate of growth as in the previous two quarters. The level of GDP is now 2.9 per cent higher than the first quarter of 2006.
Monday June 18 2007
UK Unemployment up 0.3% over the year  
The unemployment rate was 5.5 per cent, unchanged on the quarter but up 0.3 over the year. The number of unemployed people rose by 13,000 over the quarter and by 101,000 over the year, to reach 1.70 million.
Monday June 18 2007
UK CPI reached 3.1% in March  
Regular pay growth remained subdued, though oil prices rebounded. The margin of spare capacity in firms appears to be relatively limited and businesses seem to have become more confident in their ability to raise prices.
Saturday June 09 2007
BoE Voted To Mantain Rates At 5.5 Percent  
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.5%. The previous change in Bank Rate was an increase of 0.25 percentage points to 5.5% on 10 May 2007.
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