UK Inflation Down to 3% in April
Published: 5/22/2012 11:17:34 AM
By: TradingEconomics.com, UK Statistics
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.
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U.K. Unemployment Rate Down to 8.2 in March
Published: 5/16/2012 4:26:31 PM
By: TradingEconomics.com, ONS
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.
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U.K. Trade Deficit Narrows in March
Published: 5/15/2012 12:47:10 PM
By: TradingEconomics.com, ONS
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.
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Bank of England Keeps Monetary Policy Unchanged
Published: 5/10/2012 12:10:23 PM
By: TradingEconomics.com, Bank of England
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.
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U.K. Economy Contracts 0.2% in Q1
Published: 5/7/2012 4:50:36 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Inflation Up to 3.5% in March
Published: 4/18/2012 11:28:58 AM
By: TradingEconomics.com, UK Statistics
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.
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UK Trade Deficit Widens in February
Published: 4/12/2012 11:27:42 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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Bank of England Leaves Policy Unchanged
Published: 4/5/2012 12:35:17 PM
By: TradingEconomics.com, Bank of England
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.
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UK GDP Contracts 0.3% in Q4
Published: 3/28/2012 2:47:44 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Annual Inflation Rate Down to 3.4% in February
Published: 3/20/2012 10:41:22 AM
By: TradingEconomics.com, UK Office for National Statistics
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
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U.K. Trade Deficit Widens in January
Published: 3/13/2012 7:25:03 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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Bank of England Keeps Monetary Policy Unchanged
Published: 3/8/2012 12:16:06 PM
By: TradingEconomics.com, Bank of England
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.
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U.K. Unemployment Rate at 8.4% in December
Published: 2/15/2012 10:47:34 AM
By: TradingEconomics.com, ONS
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.
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U.K. Inflation Rate Drops to 3.6% in January
Published: 2/14/2012 11:20:43 AM
By: TradingEconomics.com, ONS
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.
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UK Trade Deficit Widens in December
Published: 2/9/2012 2:02:15 PM
By: TradingEconomics.com, ONS
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.
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Bank of England Holds Bank Rate and Increases QE
Published: 2/9/2012 12:40:33 PM
By: TradingEconomics.com, Bank of England
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.
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UK GDP Contracts 0.2% in Q4
Published: 1/25/2012 5:05:00 PM
By: TradingEconomics.com, ONS
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.
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U.K. Annual Inflation Down to 4.2% in December
Published: 1/17/2012 12:30:32 PM
By: TradingEconomics.com, Office for National Statistics
U.K. CPI annual inflation stands at 4.2 per cent in December 2011, down from 4.8 per cent in November.
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Bank of England Keeps Monetary Policy Unchanged
Published: 1/12/2012 12:46:28 PM
By: TradingEconomics.com, Bank of England
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.
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UK Trade Deficit Widens in November
Published: 1/11/2012 6:49:27 PM
By: TradingEconomics.com, UK Office for National Statistics
The UK’s deficit in Trade in Goods and Services increased to £2.6 billion in November, up from £1.9 billion in October.
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UK GDP Revised Up in Q3
Published: 12/22/2011 1:48:58 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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U.K. Trade Deficit Narrows in October
Published: 12/9/2011 4:12:59 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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Bank of England Keeps Monetary Policy Unchanged
Published: 12/8/2011 12:13:52 PM
By: TradingEconomics.com, Bank of England
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.
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U.K Inflation Eases in October
Published: 11/15/2011 11:00:18 AM
By: TradingEconomics.com, UK Office for National Statistics
U.K. annual inflation stands at 5.0 per cent in October 2011, down from 5.2 per cent in September.
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Bank of England Keeps Monetary Policy Unchanged
Published: 11/10/2011 12:05:01 PM
By: TradingEconomics.com, Bank of England
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.
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UK Trade Deficit Widens in September
Published: 11/9/2011 12:26:07 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK GDP Growth Accelerates in Q3
Published: 11/1/2011 11:14:15 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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U.K. Inflation Rate Highest in Three Years
Published: 10/18/2011 10:55:25 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Trade Defici Narrows in August
Published: 10/13/2011 2:36:01 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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Bank of England Increases Size of Asset Purchase Programme
Published: 10/6/2011 12:14:23 PM
By: TradingEconomics.com, Bank of England
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.
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UK GDP Growth Revised Down to 0.1% in Q2
Published: 10/5/2011 12:36:54 PM
By: TradingEconomics.com, UK Office for National Statistics
UK gross domestic product (GDP) in volume terms increased by 0.1 per cent in the second quarter of 2011.
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UK Trade Deficit Unchanged in July
Published: 9/13/2011 4:07:37 PM
By: TradingEconomics.com, UK Office for National Statistics
The UK’s seasonally adjusted deficit on trade in goods and services was £4.5 billion in July, virtually unchanged compared with June.
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U.K. Inflation Accelerates to 4.5% in August
Published: 9/13/2011 4:01:08 PM
By: TradingEconomics.com, UK Office for National Statistics
U.K. inflation accelerated in August as the end of seasonal discounts boosted prices for items such as clothes and furniture.
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Bank of England Maintains Bank Rate at 0.5%
Published: 9/8/2011 12:28:24 PM
By: TradingEconomics.com, Bank of England
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.
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U.K. Inflation Rate Rises to 4.4% in July
Published: 8/16/2011 10:44:32 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Trade Deficit Widens in June
Published: 8/9/2011 12:56:52 PM
By: TradingEconomics.com, UK Office for National Statistics
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).
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Bank of England Keeps Monetary Policy Unchanged
Published: 8/4/2011 1:03:48 PM
By: TradingEconomics.com, Bank of England
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.
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UK Growth Remains Stagnant in Q2
Published: 7/26/2011 10:00:20 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Trade Deficit Widens in May
Published: 7/12/2011 5:21:34 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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U.K. Inflation Fall to 4.2% in June
Published: 7/12/2011 10:59:21 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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Bank of England Maintains Bank Rate at 0.5%
Published: 7/7/2011 12:09:34 PM
By: TradingEconomics.com, Bank of England
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.
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U.K. Unemployment Rate at 7.7% in April
Published: 6/15/2011 1:17:35 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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U.K. Inflation Rate Unchanged in May
Published: 6/14/2011 11:04:50 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Trade Deficit Unchanged in April
Published: 6/10/2011 3:57:26 PM
By: TradingEconomics.com, UK Office for National Statistics
The UK’s seasonally adjusted deficit on trade in goods and services was £2.8 billion in April, unchanged from the March figure.
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Bank of England Maintains Bank Rate at 0.5%
Published: 6/9/2011 12:55:49 PM
By: TradingEconomics.com, Bank of England
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.
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UK Unemployment Rate Falls to 7.7%
Published: 5/18/2011 6:34:22 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Inflation Rate Raises to 4.5% in April
Published: 5/17/2011 11:46:07 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Trade Deficit Widens in March
Published: 5/11/2011 11:52:38 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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Bank of England Maintains Bank Rate at 0.5%
Published: 5/7/2011 1:32:02 PM
By: TradingEconomics.com, BoE
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.
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UK Economy Expands by 0.5% in Q1
Published: 4/27/2011 9:33:00 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Unemployment Rate Rises to 7.8%
Published: 4/13/2011 11:41:47 AM
By: TradingEconomics.com, UK Office for National Statistics
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
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UK Trade Deficit Narrows in February
Published: 4/12/2011 10:09:56 AM
By: TradingEconomics.com, UK Office for National Statistics
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).
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U.K. Inflation Rate Drops to 4% in March
Published: 4/12/2011 10:04:00 AM
By: TradingEconomics.com, UK Office for National Statistics
UK annual inflation – the Government’s target measure – was 4.0 per cent in March, down from 4.4 per cent in February.
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Bank of England Keeps Bank Rate Unchanged
Published: 4/7/2011 12:01:09 PM
By: TradingEconomics.com, BoE
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.
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UK Economy Contracts by 0.5% in Q4
Published: 3/29/2011 10:43:21 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Inflation Rate Rises 4.4% in February
Published: 3/22/2011 10:25:49 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Unemployment Rate Rises to 8.0%
Published: 3/16/2011 12:16:23 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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Bank of England Keeps Interest Rate at 0.5%
Published: 3/10/2011 12:05:01 PM
By: TradingEconomics.com, Bank of England
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.
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UK Trade Deficit Narrows in January
Published: 3/9/2011 3:12:43 PM
By: TradingEconomics.com, UK Office for National Statistics
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).
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UK GDP Contracts 0.6% in Q4
Published: 2/25/2011 10:04:54 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Inflation Rises to 4% in January
Published: 2/15/2011 10:49:39 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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Bank of England Maintains Bank Rate at 0.5%
Published: 2/10/2011 12:03:05 PM
By: TradingEconomics.com, Bank of England
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.
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UK Trade Deficit Widens in December
Published: 2/9/2011 5:39:07 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK GDP Falls 0.5% in the Fourth Quarter
Published: 1/25/2011 11:07:32 AM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Unemployment Stable At 7.9%
Published: 1/20/2011 5:29:18 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Inflation Rises to 8-month High in December
Published: 1/18/2011 10:38:48 AM
By: TradingEconomics.com, UK Office for National Statistics
United Kingdom's Consumer Price Inflation (CPI) rose to an annual rate of 3.7% in December, up from 3.3% in November.
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Bank of England Keeps Rates and QE Unchanged
Published: 1/13/2011 2:36:20 PM
By: TradingEconomics.com, Bank of England
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.
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UK Trade DEficit Rises in November
Published: 1/12/2011 12:28:40 PM
By: TradingEconomics.com, UK Office for National Statistics
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).
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UK Third Quarter GDP Revised Down to 0.7%
Published: 12/22/2010 4:02:35 PM
By: TradingEconomics.com, UK Office for National Statistics
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.
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UK Inflation Rises in November
Published: 12/15/2010 5:40:08 PM
By: TradingEconomics.com, UK Office for National Statistics
UK annual inflation increased to 3.3 per cent in November, up from 3.2 per cent in October.
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UK Trade Deficit Increases to £3.9bn in October
Published: 12/9/2010 1:40:34 PM
By: TradingEconomics.com, UK Office for National Statistics
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).
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Bank of England Keeps Rates and QE Unchanged
Published: 12/9/2010 12:56:51 PM
By: TradingEconomics.com, Bank of England
Bank of England kept bank rate at 0.5% and the size of the Asset Purchase Programme at £200 Billion on December 9.
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UK Unemployment Falls in October
Published: 11/17/2010 3:09:32 PM
By: TradingEconomics.com, FT
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.
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UK Inflation Rises 3.2% in October
Published: 11/17/2010 7:21:45 AM
By: TradingEconomics.com, The Independent
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.
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U.K. Trade Gap Narrows
Published: 11/11/2010 3:08:56 AM
By: TradingEconomics.com, WSJ
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.
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Bank of England Leaves Rates and QE on Hold
Published: 11/4/2010 12:26:52 PM
By: TradingEconomics.com, FT
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.
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U.K. Inflation Holds Steady in September
Published: 10/31/2010 8:44:31 AM
By: TradingEconomics.com, WSJ
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.
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UK GDP Growth Slows to 0.8% in Q3
Published: 10/31/2010 7:21:21 AM
By: TradingEconomics.com, StockMarketWire.com
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.
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UK Official Jobless Rate Steady at 7.8%
Published: 9/16/2010 4:57:14 PM
By: TradingEconomics.com
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.
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UK Inflation Rate Remains at 3.1%
Published: 9/16/2010 3:38:29 PM
By: TradingEconomics.com, BBC
UK Consumer Prices Index (CPI) remained unchanged in August at 3.1%, according to the Office for National Statistics (ONS).
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UK Trade Deficit Hits New Record
Published: 9/14/2010 1:12:13 PM
By: TradingEconomics.com, BBC
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.
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UK GDP Growth Revised Up to 1.2%
Published: 8/27/2010 12:08:53 PM
By: Financial Times
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.
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UK Inflation Rate Slows in July
Published: 8/17/2010 11:10:05 AM
By: TradingEconomics.com, BBC
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.
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U.K. June Trade Deficit Narrows
Published: 8/10/2010 12:35:00 PM
By: TradingEconomics.com, Bloomberg
The U.K.’s trade deficit narrowed more than economists forecast in June as exports rose to a two- year high.
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BOE Keeps Stimulus in Place to Aid Recovery
Published: 8/5/2010 10:40:57 AM
By: TradingEconomics.com, BoE
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.
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U.K. Economy Grows 1.1% in Q2
Published: 7/23/2010 10:08:48 AM
By: TradingEconomics.com, AP
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.
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UK Inflation Slowed in June
Published: 7/13/2010 9:40:54 AM
By: TradingEconomics.com, Bloomberg
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.
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Bank of England holds Course on Rates and QE
Published: 7/8/2010 11:12:30 AM
By: TradingEconomics.com, BoE
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.
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UK Inflation Slows in May
Published: 6/15/2010 9:52:04 AM
By: TradingEconomics.com, Bloomberg
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.
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Bank of England Keeps Stimulus Program
Published: 6/10/2010 10:19:07 AM
By: TradingEconomics.com, BoE
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.
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U.K. Trade Deficit Remains Unchanged In April
Published: 6/9/2010 9:26:57 AM
By: TradingEconomics.com, Bloomberg
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.
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UK Recovery Still Fragile
Published: 5/25/2010 3:05:59 PM
By: Anna Fedec, contact@tradingeconomics.com
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.
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UK Economy Grows More Than Estimated
Published: 5/25/2010 9:36:06 AM
By: TradingEconomics.com, Bloomberg
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.
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UK Inflation Surges to 3.7%
Published: 5/18/2010 10:17:26 AM
By: TradingEconomics.com, FT
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.
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UK Trade Deficit Widened in March
Published: 5/13/2010 9:41:32 AM
By: TradingEconomics.com, Bloomberg
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.
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UK Unemployment Increases to 16-Year High
Published: 5/12/2010 10:10:36 AM
By: TradingEconomics.com, Bloomberg
U.K. unemployment climbed to 8 percent in the first quarter, underlining the fragility of the recovery as Conservative David Cameron begins his premiership.
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Bank of England Holds Rates
Published: 5/10/2010 10:25:10 AM
By: TradingEconomics.com, Reuters
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.
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British Economy Grows Half as Much as Forecast
Published: 4/23/2010 11:37:49 AM
By: TradingEconomics.com, Bloomberg
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.
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UK Unemployment Declines More Than Forecast
Published: 4/21/2010 10:34:08 AM
By: TradingEconomics.com, Bloomberg
U.K. jobless claims fell more than forecast in March while a wider measure of unemployment climbed to a 16-year high.
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UK March Inflation Accelerates to 3.4%
Published: 4/20/2010 9:44:39 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. February Trade Deficit Narrows
Published: 4/13/2010 10:08:18 AM
By: TradingEconomics.com, Bloomberg
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.
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BOE Keeps Record Stimulus in Place
Published: 4/8/2010 10:16:54 AM
By: TradingEconomics.com, Bank of England
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.
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U.K. GDP Grows at Faster-Than-Estimated Pace in Fourth Quarter
Published: 3/30/2010 11:05:24 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Inflation Slows
Published: 3/23/2010 11:54:16 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Trade Gap Widens
Published: 3/9/2010 9:33:26 AM
By: TradingEconomics.com, WSJ
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.
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BOE Holds Bond Purchase Program at 200 Billion Pounds
Published: 3/4/2010 9:42:12 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Emerges From Recession at Faster Than Estimated Pace
Published: 2/26/2010 9:52:20 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Unemployment Claims Jump to Highest Since 1997
Published: 2/17/2010 10:14:57 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Inflation Rate Accelerates
Published: 2/16/2010 9:31:58 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Trade Deficit Widens
Published: 2/9/2010 9:36:02 AM
By: TradingEconomics.com, Bloomberg
The U.K. trade deficit swelled in December to the widest in almost a year as imports rose faster than exports.
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Bank of England Halts Bond Purchase Program
Published: 2/4/2010 10:30:30 AM
By: TradingEconomics.com, Bank of England
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.
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British Economy is Recovering But is Not Out of the Woods
Published: 1/30/2010 12:58:15 PM
By: Anna Fedec, contact@tradingeconomics.com
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.
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British Economy Exits Recession
Published: 1/26/2010 10:08:55 AM
By: TradingEconomics.com, WSJ
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.
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U.K. Jobless Claims Fell Most Since 2007 in December
Published: 1/20/2010 10:06:40 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Inflation Rate Jumps Most on Record
Published: 1/19/2010 10:00:17 AM
By: TradingEconomics.com, Bloomberg
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
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UK Exports Rises in November
Published: 1/16/2010 2:16:54 PM
By: TradingEconomics.com, BBC
UK exports in November jumped to the highest in 13 months, official figures have shown.
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BOE Keeps Bond-Purchase Plan at 200 Billion Pounds
Published: 1/7/2010 10:13:16 AM
By: TradingEconomics.com, Bloomberg, BoE
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.
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U.K. GDP Revised Up to Show 0.2% Drop
Published: 12/22/2009 10:05:24 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Inflation Accelerates
Published: 12/15/2009 9:43:43 AM
By: TradingEconomics.com, Bloomberg
U.K. inflation rose more than economists forecast in November to the fastest pace in six months, driven by fuel and transport costs.
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Bank of England Keeps 200 Billion-Pound Bond Plan
Published: 12/10/2009 9:35:02 AM
By: TradingEconomics.com, BoE
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.
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U.K. Trade Deficit Widens
Published: 12/9/2009 10:56:47 AM
By: TradingEconomics.com, WSJ
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.
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U.K. Economy Shrank Less Than Previously Estimated
Published: 11/25/2009 9:42:18 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Inflation Rate Increases
Published: 11/17/2009 9:21:04 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Jobless Rises Less Than Forecast
Published: 11/11/2009 9:16:03 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Trade Gap Widens to 8-Month High
Published: 11/10/2009 9:29:13 AM
By: TradingEconomics.com, Bloomberg
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.
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BOE Slows Pace of Bond Purchases
Published: 11/5/2009 8:28:09 AM
By: TradingEconomics.com, Bloomberg, Bank of England
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.
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The British Economy is in Trouble But There is Still Hope
Published: 10/28/2009 9:31:59 AM
By: Anna Fedec, contact@tradingeconomics.com
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.
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UK Economy Shrinks in Q3
Published: 10/23/2009 8:35:16 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Unemployment Rises
Published: 10/15/2009 12:14:47 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Inflation Rate Drops to Lowest in Five Years
Published: 10/13/2009 11:43:03 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Trade Gap Unexpectedly Widens
Published: 10/9/2009 10:13:36 AM
By: TradingEconomics.com, Bloomberg
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.
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Bank of England Holds Rates at 0.5%
Published: 10/8/2009 9:31:39 AM
By: TradingEconomics.com, Reuters
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
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A Weak Pound May Help the British Economy
Published: 9/30/2009 10:24:34 AM
By: Anna Fedec, contact@tradingeconomics.com
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?
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British Economy Should Remain Weak in 2010
Published: 9/23/2009 10:03:15 AM
By: Anna Fedec, contact@tradingeconomics.com
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.
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U.K. Unemployment Rises to Highest Since 1995
Published: 9/16/2009 9:55:25 AM
By: TradingEconomics.com, Bloomberg
U.K. unemployment jumped to the highest level since 1995 as the recession destroyed work in industries from banking to construction.
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U.K. August Inflation Rate Drops
Published: 9/15/2009 9:08:26 AM
By: TradingEconomics.com, Bloomberg
The U.K. inflation rate dropped in August by less than economists forecast as higher oil costs offset the effects of the recession
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BOE Keeps Asset Purchase Plan at 175 Billion Pounds
Published: 9/10/2009 9:34:47 AM
By: TradingEconomics.com, Bloomberg
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%.
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U.K. Trade Deficit Stays Stable
Published: 9/9/2009 9:22:50 AM
By: TradingEconomics.com, Bloomberg
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.
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Is Quantitative Easing Helping the British Economy?
Published: 9/8/2009 2:51:37 PM
By: Anna Fedec, contact@tradingeconomics.com
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.
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U.K. GDP Falls Less Than Forecast 0.7%
Published: 8/28/2009 9:37:51 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Inflation Rate Unexpectedly Held at 1.8%
Published: 8/18/2009 9:19:15 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Unemployment Rises to 2.44 Million
Published: 8/12/2009 9:36:29 AM
By: TradingEconomics.com, Bloomberg
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
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U.K. Trade Gap Widens
Published: 8/11/2009 9:19:26 AM
By: TradingEconomics.com, Bloomberg
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.
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Is Quantitative Easing Helping the British Economy?
Published: 8/10/2009 4:46:49 PM
By: Anna Fedec, contact@tradingeconomics.com
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.
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BOE Extends Bond Purchases
Published: 8/6/2009 8:50:13 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Economy Shrank by 0.8% in Q2
Published: 7/24/2009 9:30:14 AM
By: TradingEconomics.com, Bloomberg
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.
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Is Quantitative Easing Helping the British Economy?
Published: 7/15/2009 11:52:20 AM
By: Anna Fedec, contact@tradingeconomics.com
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.
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U.K. Unemployment Claims Increase the Least in a Year
Published: 7/15/2009 9:42:58 AM
By: TradingEconomics.com, Bloomberg
U.K. unemployment claims rose the least in a year in June, adding to evidence that the worst of the recession may have passed.
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U.K. Inflation Slows Below 2%
Published: 7/14/2009 10:24:18 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Trade Gap Narrows to Smallest in Three Years
Published: 7/9/2009 9:46:55 AM
By: TradingEconomics.com, Bloomberg
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.
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BOE Keeps Asset-Purchase Plan at 125 Billion Pounds
Published: 7/9/2009 9:44:24 AM
By: TradingEconomics.com, Bloomberg
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.
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No End Yet for British Recession
Published: 7/8/2009 6:46:37 PM
By: Anna Fedec, contact@tradingeconomics.com
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.
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U.K. Rates To Remain on Hold
Published: 7/8/2009 2:53:32 PM
By: TradingEconomics.com
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.
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UK Economy Shrinks Most in 50 Years
Published: 6/30/2009 10:01:27 AM
By: TradingEconomics.com, Financial Times
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.
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Rise in U.K. Unemployment Eases
Published: 6/17/2009 12:28:22 PM
By: TradingEconomics.com, Financial Times
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.
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U.K. Trade Deficit Widens
Published: 6/10/2009 9:24:22 AM
By: Tradingeconomics.com, Office for National Statistics
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.
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Bank of England Keeps Rates Unchanged
Published: 6/4/2009 10:13:49 AM
By: Tradingeconomics.com, Financial Times
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.
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No End Yet for British Recession
Published: 5/22/2009 8:59:40 AM
By: Anna Fedec, contact@tradingeconomics.com
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?
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U.K. Inflation Falls to Lowest Since January 2008
Published: 5/19/2009 9:12:10 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Jobless Total Hits 2.2 million
Published: 5/12/2009 9:26:00 AM
By: TradingEconomics.com, U.K. Office for National Statistics
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.
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UK Trade Deficit Narrowed in March
Published: 5/12/2009 8:42:28 AM
By: TradingEconomics.com, UK National Statistics
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).
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Bank of England to Make More Bond Purchases
Published: 5/7/2009 8:25:30 AM
By: TradingEconomics.com, Bank of England
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.
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Bank of England to Keep Rates at 0.5%
Published: 5/6/2009 5:21:14 PM
By: TradingEconomics.com, Reuters
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.
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No End Yet for British Recession
Published: 5/5/2009 3:37:27 PM
By: Anna Fedec, contact@tradingeconomics.com
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?
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U.K. Economy Shrinks Most Since 1979
Published: 4/24/2009 5:08:54 AM
By: TradingEconomics.com, Financial Times
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
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U.K. Unemployment Rises to Highest Level in 12 Years
Published: 4/22/2009 5:26:48 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Inflation Drops
Published: 4/21/2009 5:24:52 AM
By: TradingEconomics.com, Bloomberg
The U.K. inflation rate dropped to the lowest level in a year last month as the recession blunted price pressures across the economy.
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UK Trade Deficit Widened in February
Published: 4/9/2009 7:28:44 AM
By: TradingEconomics.com, UK National Statistics
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).
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Bank of England Holds Rates at 0.5%
Published: 4/9/2009 7:08:39 AM
By: TradingEconomics.com, Financial Times
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.
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British Economy Is Sinking
Published: 3/31/2009 2:56:11 PM
By: Anna Fedec, contact@tradingeconomics.com
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?
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U.K. Recession Worse Than Estimated
Published: 3/27/2009 5:17:04 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Bond Auction Fails
Published: 3/25/2009 3:57:42 PM
By: Anna Fedec, contact@tradingeconomics.com
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?
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U.K. Inflation Jumps to 3.2%
Published: 3/24/2009 5:55:27 AM
By: TradingEconomics.com, Financial Times
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.
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U.K. Unemployment Soars Above 2m
Published: 3/18/2009 5:55:00 AM
By: TradingEconomics.com, Financial Times
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.
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U.K. January Trade Deficit Widens
Published: 3/11/2009 5:16:45 AM
By: TradingEconomics.com, Financial Times
The UK trade deficit widened in January although it narrowed over a three month period, fuelling expectations a lower pound should boost exports.
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Bank of England Cuts Rates to 0.5%
Published: 3/5/2009 5:19:03 AM
By: TradingEconomics.com, Bloomberg
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.
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British Economy Could be Heading into Depression (Update)
Published: 3/3/2009 8:36:32 AM
By: Anna Fedec, contact@tradingeconomics.com
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?
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Bank of England Could Drop Rates to Zero
Published: 2/27/2009 2:37:07 PM
By: Anna Fedec, contact@tradingeconomics.com
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?
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U.K. Economy Shrinks Most Since 1980
Published: 2/25/2009 5:33:56 AM
By: TradingEconomics.com, Bloomberg
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.
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UK Inflation Rate Eases to 3%
Published: 2/17/2009 5:29:52 AM
By: TradingEconomics.com, Financial Times
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.
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U.K. Unemployment Hits 10-Year High
Published: 2/11/2009 5:21:26 AM
By: TradingEconomics.com, Financial Times
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.
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UK Trade Deficit Narrows
Published: 2/10/2009 5:28:35 AM
By: TradingEconomics.com, Financial Times
The UK trade deficit narrowed in December as falling demand at home led to lower imports, official figures showed on Tuesday.
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British Economy Could Be Heading Into Depression (Update)
Published: 2/5/2009 6:47:22 AM
By: Anna Fedec, contact@tradingeconomics.com
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?
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Bank of England Cuts Rate to 1%
Published: 2/5/2009 5:24:35 AM
By: TradingEconomics.com, Bloomberg
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.
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UK Economy Shrinks 1.5%
Published: 1/23/2009 5:59:19 AM
By: TradingEconomics.com, Bloomberg
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.
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U.K. Jobless Claims Rises
Published: 1/21/2009 5:05:32 AM
By: TradingEconomics.com, Bloomberg
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.
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UK Inflation Falls by Most Since 1992
Published: 1/20/2009 6:42:24 AM
By: TradingEconomics.com, Bloomberg
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.
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British Economy Could Be Heading Into Depression
Published: 1/14/2009 7:05:08 PM
By: Anna Fedec, contact@tradingeconomics.com
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.
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UK Trade Deficit Rises
Published: 1/13/2009 5:41:58 AM
By: TradingEconomics.com, Bloomberg
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.
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UK Cuts Interest Rates to 1.5%
Published: 1/8/2009 5:30:17 AM
By: TradingEconomics.com, Financial Times
The Bank of England cut interest rates by half a percentage point on Thursday to the lowest level in its 315-year history.
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U.K. Economy Shrinks
Published: 12/23/2008 7:24:46 AM
By: TradingEconomics.com, Bloomberg.com
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.
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UK Unemployment Rises
Published: 12/17/2008 6:22:05 AM
By: TradingEconomics.com, Financial Times
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.
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UK Inflation Falls to 4.1%
Published: 12/16/2008 5:16:05 AM
By: TradingEconomics.com, Financial Times
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.
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UK Trade Deficit Widened in October
Published: 12/9/2008 7:07:13 AM
By: TradingEconomics.com, U.K. National Statistics
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).
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Bank of England Cuts Rates to 2%
Published: 12/4/2008 5:28:51 AM
By: TradingEconomics.com, Financial Times
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.
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U.K. Inflation Rate Falls
Published: 11/18/2008 5:12:31 AM
By: TradingEconomics.com, Bloomberg.com
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.
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U.K. Jobless Claims Rise 36,500 in October
Published: 11/12/2008 5:59:26 AM
By: TradingEconomics.com, Bloomberg.com
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.
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Britain’s Trade Deficit Narrows
Published: 11/11/2008 5:10:33 AM
By: TradingEconomics.com, Bloomberg.com
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.
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BoE Cuts Rate by 1.5pp
Published: 11/6/2008 4:57:38 AM
By: TradingEconomics.com, Bloomberg.com
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.
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Will the U.K Economy Survive?
Published: 10/16/2008 4:19:51 PM
By: Anna Fedec, contact@tradingeconomics.com
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?
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