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British economy News

20 Feb 2017

Amazon plans 5,000 new jobs in UK

Global e-commerce giant Amazon on Monday said it would create 5,000 full-time jobs in the UK this year as part of a new employment drive, demonstrating strong confidence in the British economy ahead of Brexit.

27 Jan 2017

No Brexit effect as British economy posts record growth

The British economy grew at the fastest pace against any of its G7 peers in 2016, despite the second half of the year passing through the shadow of Brexit.

24 Nov 2016

Britain's economic growth forecast revised down as Brexit effect takes hold

Britain's Chancellor of the Exchequer Philip Hammond on Wednesday revised down growth forecasts for the British economy for 2017 and 2018.

British Prime Minister

21 Nov 2016

British PM Theresa May to unveil industrial strategy to trigger 'ambitious' ideas

Prime Minister Theresa May will unveil her new industrial strategy on Monday, pledging to spend billions of pounds on science, technology and research to spur a new "ambitious" way of doing business in Britain.

26 Jun 2016

Don't panic, British economic fundamentals are strong: Business Secretary

Britain's economic fundamentals are strong enough to weather any short-term market volatility, Business Secretary Sajid Javid said today as he appealed to UK businesses not to be "panicky" after the shock Brexit vote.

18 Jun 2016

IMF fires Brexit warning as Putin cites Cameron EU `blackmail`

The IMF has warned Brexit could deal the British economy a "negative and substantial" blow as Vladimir Putin suggested David Cameron was trying to "blackmail" Europe with the EU referendum.

13 May 2016

IMF warns of economic risks from Brexit

The International Monetary Fund on Friday warned that Britain's potential exit from the European Union posed a "significant downside risk" to the economy.

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.

01 Oct 2015

British GDP growth unrevised at 0.7% in Q2

British gross domestic product (GDP) increased by 0.7 percent between the first quarter and the second of 2015, unrevised from the second estimate of GDP published a month ago, the Office for National Statistics (ONS) said.

British economy

28 Jul 2015

British economy bounces back in second quarter

Gross domestic product grew 0.7 percent between April and June, the Office for National Statistics (ONS) said in an initial estimate. That matched analysts` forecasts.

29 Apr 2015

Barclays bank Q1 profits halve, takes new forex charge

Net profit or earnings after taxation sank 52 percent to £465 million in the three months to the end of March compared with a year earlier, Barclays said in a results statement.

28 Apr 2015

British economy slows sharply to 0.3% growth in Q1

Britain`s economy grew far slower than expected in the first quarter of 2015, official data showed Tuesday, delivering a blow to the government just nine days before a general election.

Britain's economy

27 Jan 2015

British economy grows at best annual rate since 2007

Britain`s economy grew in 2014 at the fastest annual pace since before the financial crisis, despite a fourth-quarter slowdown, official data showed Tuesday in a pre-election boost to the government.

British economy

24 Oct 2014

British economy slows down in third quarter

The economy had expanded by 0.9 percent during the second quarter, and by 0.7 percent in the first quarter.

British economy

30 Sep 2014

British economy surprisingly strong

Britain`s recovering economy grew more than expected in the second quarter, revised official data showed on Tuesday.

09 Sep 2014

British economic data paints mixed picture

Britain`s trade deficit worsened in July from the level in June, but industrial output rebounded, mixed official data showed on Tuesday.

British economy

15 Aug 2014

British economy grows 0.8% in second quarter: data

Britain`s economy grew by 0.8 percent in the second quarter of 2014 compared with output in the first three months of the year, official data showed on Friday.

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