Simon Kirby News
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U.K. Chancellor of the Exchequer George Osborne should borrow more for spending on capital projects to boost a “weak” economic recovery, according to the National Institute of Economic and Social Research.
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The pace of U.K. second-quarter economic growth was a “blip” and it isn’t time for the Bank of England to begin removing stimulus, the National Institute of Economic and Social Research said.
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Britain’s economy probably shrank in the fourth quarter as a boost from the 2012 Olympic Games during the summer unwound, leaving the country on the brink of an unprecedented triple-dip recession.
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The Bank of England will raise its key interest rate three times this year to prevent a surge in consumer prices from getting entrenched in the economy, the National Institute of Economic and Social Research said.
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The British economy will shrink by 0.5 percent this year, forcing Chancellor of the Exchequer George Osborne to miss his budget-deficit target, said the National Institute of Economic and Social Research.
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Britain’s economy will grow more slowly this year than previously forecast and stagnation may persist, according to the National Institute of Economic and Social Research.
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The U.K. economy will “crawl” this year and expand less than previously forecast as consumer spending remains weak, the National Institute of Economic and Social Research said.
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The U.K. economy will grow less than previously forecast this year and the government should cut taxes to boost the recovery, the National Institute for Economic and Social Research said.
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Bank of England Governor Mervyn King may pump another 50 billion pounds ($79 billion) into the U.K. economy today as he ramps up protection for a nascent recovery from the threat posed by Europe’s debt crisis.
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The Bank of England will raise its target for asset purchases next week as the debt crisis in Europe may have already pushed Britain’s economy into a second recession.
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