Edition:
India

Andy Bruce

UK deficit widens, underscoring Brexit constraints on next finance minister

21 Jun 2019

LONDON Britain posted a larger-than-expected budget deficit last month as government spending rose, a reminder that the next finance minister may have limited options to cushion any Brexit blow to the economy.

Bank of England chops second-quarter growth forecast, sees bigger global and Brexit risks

20 Jun 2019

London, The Bank of England cut its growth forecast for Britain's economy to zero in the second quarter of 2019 and highlighted risks from global trade tensions and growing fears of a no-deal Brexit. | Video

Bank of England chops second-quarter growth view as global and Brexit risks intensify

20 Jun 2019

LONDON The Bank of England cut its growth forecast for Britain's economy to zero in the second quarter of 2019 on Thursday and highlighted risks from global trade tensions and growing fears of a no-deal Brexit. | Video

Cool weather hits UK retail sales in May in gloomy sign for economy

20 Jun 2019

LONDON Cold weather in May prompted the biggest drop in British retail sales this year as shoppers delayed buying summer clothes, adding to signs that the economy, struggling for momentum ahead of Brexit, is set for a weak second quarter.

Bank of England to plough lone furrow with rate hike message

20 Jun 2019

LONDON The Bank of England looks set to plough on alone among major central banks on Thursday by sticking with its message that it plans to raise interest rates, just as trade wars and a global slowdown have forced others to turn more cautious.

UK inflation falls to Bank of England target, underlying pressure weak

19 Jun 2019

LONDON Britain's inflation rate cooled in May and cost pressures in factories fell to a three-year low, according to data that might reassure the Bank of England there is no urgency to pursue its stated policy of gradually raising interest rates. | Video

Bank of England official flags risk of capital flight from UK

18 Jun 2019

LONDON Britain has become increasingly reliant since the 2016 Brexit referendum on "flighty" foreign funding that could be withdrawn at short notice, a Bank of England official said on Tuesday.

UK manufacturing sags as Brexit stockpile frenzy evaporates: PMI

03 Jun 2019

LONDON, The Brexit stockpiling boom of early 2019 gave way in May to the steepest downturn in British manufacturing in almost three years as new orders dried up, boding poorly for economic growth in the second quarter, a survey showed on Monday.

UK services firms toil in May, investment weak: CBI survey

29 May 2019

LONDON The services companies that make up the bulk of Britain's economy struggled in the three months to May and remain loathe to invest because of uncertainty around Brexit, a business survey showed on Wednesday.

UK shoppers pause in April after surge in spending

24 May 2019

LONDON British shoppers paused in April after three months of strong buying, according to official data that showed continued underlying strength in consumer spending even as the Brexit political crisis unfolded.

World News