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Economy

'Permanently poorer' Brexit warning from UK finance minister

UK finance minister George Osborne says Britons will be "permanently poorer" if they vote to leave the European Union in a referendum in June, his comments based on a Treasury analysis.

Business Series

It's a Tesco turnaround as supermarket returns to profit after record losses

It is a Tesco turnaround as Britain's biggest retailer returns to profit for the first time in three years.

Economy

UK inflation on the rise hit by hikes in air fares and clothing

UK inflation has risen to 0.5 percent from 0.3 percent according to the Consumer Prices Index.

Economy

All major indicators show the UK economy at a 'low ebb'

UK growth looks set to slide according to the British Chamber of Commerce.

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Economy

Brexit 'could cost UK billions' says Confederation of British Industry

A British vote to leave the European Union could cost the UK economy billions and close to one million lost jobs by 2020, according to research commissioned by the Confederation of British Industry.

Economy

UK economic growth solid but heavily dependent on consumer spending

Britain's economy relied heavily on consumer spending to drive growth at the end of 2015, with a sharp fall in business investment and a drag from trade.

Economy

UK jobless rate down, wage growth slows

Even as the unemployment rate fell, wage growth in Britain in the three months to November was the slowest since February, reducing pressure on the Bank of England to raise interest rates.

Economy

Britain's growth revised downwards suggesting recovery losing momentum

The British economy grew at a slower rate than previously estimated during at least half of 2015, according to official data. Weaker growth in the

Economy

RBS and Standard Chartered pulled up but British banks pass stress tests

A Bank of England stress test has singled out two British institutions – the Royal Bank of Scotland and Standard Chartered – for not having enough

Economy

Britain's economy slows as trade hit by global decline

Britain’s economy slowed in the three months to September as trade held back growth, a victim of the global decline. The latest figures from the

Economy

UK's economic growth slows more than expected

Britain’s economic growth slowed up in the year’s third quarter, partly due to the biggest fall in construction in three years. GDP grew by 0.5

Economy

Britain's unemployment rate falls to seven-year low

Britain’s jobless rate surprisingly fell to its lowest level since mid-2008 in the three months to August, according to official figures. It fell 0.1

Economy

UK economy grew by 0.7 percent in second quarter

In the UK economic growth remained steady at 0.7 percent for the second quarter according to official figures. Analysts had been expecting such a

United Kingdom

UK budget creates higher wage, lower tax, lower welfare economy

The British finance minister has used the first conservative party budget in nearly 20 years to reshape the world’s fifth-largest economy. George

United Kingdom

British Chancellor introduces living wage and cuts benefits

United Kingdom

Mixed news on UK economy on election eve

There has been mixed news on the crucial election issue of the British economy on the eve of the vote. Britain’s huge service sector unexpectedly

World

Could Britain's economy survive an EU exit?

Britain’s love-hate relationship with the EU has confounded successive governments for decades. Two years ago, PM David Cameron said he wanted to

United Kingdom

Manufacturing figures for the UK fall ahead of election

Britain’s economic growth, at the heart of political campaigning for next weeks poll, has slowed in the manufacturing sector. That’s according to

My Europe Series

Opportunity or exploitation: the debate in the UK over zero-hours contracts

They have been credited with putting the UK on the road to recovery, but the issue of zero-hours contracts is among the most divisive of the general

United Kingdom

Is Britain's economy back on track?

Ever since the days – long long ago – when Britain was an undisputed world leader in trade and finance, people have disagreed about the country’s