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Britain economy News

21 Dec 2016

India pips Britain to become world's 5th largest economy

For the first time in over 100 years, India has piped the United Kingdom to become the world's 5th largest economy.

economic momentum

10 Oct 2016

'Economic growth momentum stable in major economies'

Economic momentum is holding stable in major industrialised economies while growth has settled at a lower rate in Britain after its vote in June to quit the European Union, the OECD`s monthly leading indicators showed on Monday.

07 Jul 2016

From currency to confidence, UK Plc battles Brexit fallout

Signs mounted on Thursday that Brexit-induced uncertainty and a sharp fall in sterling would hurt a wide range of companies and make it hard for them to meet their full-year profit targets.

14 May 2016

UK's David Cameron struggles to make Britons believe his EU message: Poll

With less than six weeks to go until the June 23 referendum on Britain`s EU membership and voters evenly split on how they intend to cast their ballots, the rival camps have stepped up campaigning.

18 Apr 2016

Brexit could cost UK economy six percentage points: Treasury

If Britain leaves the European Union its economy could be six percentage points smaller than it would otherwise have been by 2030, the finance ministry warned in a report on Monday that was dismissed as scaremongering by eurosceptics.

Britain economy

30 Jun 2015

UK economic growth revised higher: Data

Britain`s economy grew more than expected in the first quarter but output was still lower compared with the end of last year, official data showed on Tuesday.

British inflation

16 Dec 2014

Sliding oil sends British inflation to 12-year low

The 12-month Consumer Price Index (CPI) dropped from a rate of 1.3 per cent in October, the Office for National Statistics said in a statement.

Bank of England

04 Sep 2014

Bank of England holds rates despite robust recovery

The Bank of England kept interest rates on hold on Thursday as Britain`s economy continued to thrive, although risks to the recovery both at home and abroad remain.

Britain inflation

19 Aug 2014

British annual inflation slides to 1.6%

Britain`s 12-month inflation slid to 1.6 percent in July from 1.9 percent in June.

Britain economy

16 Aug 2014

Britain`s economy `halfway` to recovery: bank chief

In an interview with The Sunday Times, Carney declared that the economy was now undergoing genuine expansion following the economic crisis of 2008.

Britain economy

25 Jul 2014

British economy grows to above pre-crisis level

Britain is predicted by the IMF to be the fastest growing major world economy this year.

15 Jul 2014

British annual inflation accelerates to 1.9%: Official data

Britain`s 12-month inflation accelerated in June, driven by the rising cost of clothes, food, non-alcoholic drinks and air transport, official data showed on Tuesday.

Britain inflation

17 Jun 2014

British inflation slows again to 1.5%: Official data

Britain`s 12-month inflation slowed to 1.5 percent in May, which was the lowest level for four and a half years, official data showed on Tuesday.

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