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English economy

Business

Cameron says "no guarantees of success" in steel crisis

The British government is doing everything it can to solve the crisis posed by Tata Steel's plans to leave the UK, but nationalisation is not the right answer, says the Prime Minister.

The British government is doing everything it can to solve the crisis posed by Tata Steel's plans to leave the UK, but nationalisation is not the right answer, says the Prime Minister.

Business

UK jobless drops to seven year low

Britain’s jobless total is at its lowest level for nearly seven years. The number of people in work is up 248,000 to 31.049 million – the biggest

Britain’s jobless total is at its lowest level for nearly seven years. The number of people in work is up 248,000 to 31.049 million – the biggest

Business

UK inflation remains at zero percent

The UK inflation rate is running at record lows after the Office for National Statistics announced a zero percent inflation rate for the second month

The UK inflation rate is running at record lows after the Office for National Statistics announced a zero percent inflation rate for the second month

Business

UK inflation weaker than expected in July

Inflation in Britain was lower than expected in July, making it less likely that interest rates will be put up by the Bank of England this year

Inflation in Britain was lower than expected in July, making it less likely that interest rates will be put up by the Bank of England this year

Business

British economy grows at fastest pace in over six years

Britain’s economy enjoyed solid growth in the first three months of the year. Annual GDP expansion was the strongest in more than six years at 3.1

Britain’s economy enjoyed solid growth in the first three months of the year. Annual GDP expansion was the strongest in more than six years at 3.1

News

Britain's new £1 coin is 'most secure in the world'

This is the new £1 coin set to be introduced in the UK and billed as the ‘most secure in the world’. It has been brought in amid concerns the

This is the new £1 coin set to be introduced in the UK and billed as the ‘most secure in the world’. It has been brought in amid concerns the

Business

UK economy power ahead, raising questions on interest rate

Britain’s economy last year recorded its fastest annual growth since 2007 – before the financial crisis. GDP increased by 1.9 percent – way better

Britain’s economy last year recorded its fastest annual growth since 2007 – before the financial crisis. GDP increased by 1.9 percent – way better

Business

Britain avoids recession

Britain’s economy dodged a return to recession and grew faster than expected in the first three months of this year. That provides some political

Britain’s economy dodged a return to recession and grew faster than expected in the first three months of this year. That provides some political

Business

Did Thatcher sow the seeds for today's crisis?

Margaret Thatcher’s supporters say much of what she did in the 1980s has relevance for today’s moribund European economy. They point out she turned

Margaret Thatcher’s supporters say much of what she did in the 1980s has relevance for today’s moribund European economy. They point out she turned

Business

UK growth forecast slashed, austerity continues

British finance minister George Osborne has admitted that economic growth there this year will be half the 1.2 percent that was forecast just three

British finance minister George Osborne has admitted that economic growth there this year will be half the 1.2 percent that was forecast just three

Business

UK economic slump worsens

Britain’s economy sank far deeper into recession than expected in the second quarter of the year. GDP fell 0.7 percent compared with the first

Britain’s economy sank far deeper into recession than expected in the second quarter of the year. GDP fell 0.7 percent compared with the first

Business

UK inflation dips

Inflation in Britain edged down in February to the lowest level in over a year. It was at an annual rate of 3.4 percent from January’s 3.6 percent

Inflation in Britain edged down in February to the lowest level in over a year. It was at an annual rate of 3.4 percent from January’s 3.6 percent

Business

China buys into Thames Water

China’s sovereign wealth fund has bought a minority stake in London water supplier Thames Water. China Investment Corporation said it had bought

China’s sovereign wealth fund has bought a minority stake in London water supplier Thames Water. China Investment Corporation said it had bought

Business

London to boost yuan trade

Britain is teaming up with Hong Kong to secure London a top spot as an offshore trading centre for the Chinese currency the yuan. The move is part

Britain is teaming up with Hong Kong to secure London a top spot as an offshore trading centre for the Chinese currency the yuan. The move is part