Britain’s unemployment rate fell to a five-year low in the first quarter as the economy created work at a record pace, evidence the recovery is sustaining momentum.
Mark Carney has given himself one month to decide on what to do about the hottest topic in the U.K. economy: the housing boom.
Bank of England Governor Mervyn King will tomorrow try to justify why officials stopped expanding stimulus even as the outlook for Europe’s economy darkens.
Britain’s inflation rate fell to the lowest in 4 1/2 years in March as gasoline and clothing prices pushed it further below the Bank of England’s target.
The Bank of England kept borrowing costs at a record low today as policy makers look to untested tools to control Britain’s surging housing market.
U.K. services grew at the slowest pace in seven months in January as new business cooled and wet weather soaked the country.
U.K. construction output fell more than economists forecast in February as the wettest winter for almost 250 years forced builders to put work on hold.
Bank of England Governor Mervyn King may have to embark on a new round of bond purchases as Britain’s rebound from the worst recession since World War II fades.
"The initial market reaction suggests that this was not as stringent as it might have been."
- Alan Clarke on Jun 26, 2014
BNP’s Clarke Says BOE May Act This Week: Audio