Bank of England shocks markets with close vote on rate hike
LONDON The Bank of England shocked financial markets on Thursday when it said three of its policymakers voted for an interest rate hike, the closest it has come to raising rates since 2007, despite signs of a slowdown in Britain's economy.
UK retail sales fall sharply as consumers feel the hit of Brexit vote inflation
LONDON, June 15 British retail sales fell more sharply than expected in May, data showed on Thursday, the latest sign of the growing hit to the economy from rising inflation since the Brexit vote.
UK workers suffer spending power hit, raising pressure on May
LONDON British workers are suffering from an increasingly tight squeeze in their spending power, data showed on Wednesday, adding to concerns about a slowdown in the world's fifth-biggest economy and to the challenges for a weakened Prime Minister Theresa May. | Video
UK inflation jump tightens consumer squeeze, puts BoE on spot
LONDON British inflation unexpectedly jumped to its highest level in nearly four years in May, tightening the squeeze on consumers and complicating the job of the Bank of England, which has signalled it is in no hurry to raise interest rates. | Video
UK consumer spending falls for first time in nearly four years - Visa
LONDON British consumers cut their spending for the first time in nearly four years last month, figures from credit card firm Visa showed, as households turned more cautious even before last week's shock election result.
UK near-term inflation expectations slip - BoE
LONDON The British public's expectations for inflation in a year's time fell slightly in May compared with three months earlier, but longer-term expectations rose, a Bank of England survey showed on Friday.
UK house prices show weakest growth in nine months - RICS
LONDON British house prices rose at their slowest rate since August 2016 last month and fewer houses were put up for sale, as jitters about Thursday's election added to a lull in the housing market, a survey showed.
UK annual house price growth hits four-year low in May - Halifax
LONDON British annual house price growth slid to a four-year low last month, underlining the housing market's slowdown since last year's Brexit vote, mortgage lender Halifax said on Wednesday.
UK consumer stumbles in May as surveys show spending squeezed
LONDON British shoppers kept a tighter grip on their credit cards last month as they felt growing pressure from rising inflation, new figures showed just two days before they vote on whether to keep Prime Minister Theresa May in power.
Continental drift - Investors embrace Europe, ex-UK
LONDON/NEW YORK Global investors are distinguishing between the UK and the rest of Europe as part of a fundamental reassessment of what investing in the region means, reflecting growing enthusiasm for Europe's broad economic prospects and nervousness about thorny and possibly protracted Brexit negotiations.
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Sovereign investors raise property holdings, wary of UK on Brexit
LONDON Sovereign investors are raising their property exposure at the expense of low-yielding bonds in an attempt to boost returns, but Brexit is seen as a significant negative for all UK investments, a study by asset manager Invesco showed.
Standard Life's Skeoch open to annuity sale, not full insurance exit
LONDON Standard Life would sell its 16.1 billion pound ($20 billion) annuity portfolio but has no plans to exit the insurance business altogether after it merges with Aberdeen Asset Management , Chief Executive Keith Skeoch said.
UK inflation expectations edge up, little pressure on BoE - Citi/YouGov
LONDON The British public's expectations for inflation over the next 12 months rose slightly this month but remained within the tight range of the past six months, a survey for Citi by polling company YouGov showed on Wednesday.
