• INDICATORS
  • All Countries List
  • World Heatmap
  • World Bank Data
  • IMF Forecasts
  • Economic Calendar
  • Analyse Countries
• MARKETS
  • Exchange Rates
  • Stock Markets
  • Government Bonds
  • Commodities
  • Analyse Markets
• ANALYTICS
  • Learn More About It
  • Login
• FEEDBACK

Country	Interest Rate	Growth Rate	Inflation Rate	Jobless Rate	Current Account	Exchange Rate
United Kingdom	0.50%	1.20%	3.10%	7.80%	-10	1.5592

United Kingdom Economic News

UK GDP Growth Revised Up to 1.2% Published: 8/27/2010 12:08:53 PM By: Financial Times The UK economy grew slightly faster than initially thought in the second quarter, expanding by 1.2 per cent rather than the 1.1 per cent first estimated.

UK Inflation Rate Slows in July Published: 8/17/2010 11:10:05 AM By: TradingEconomics.com, BBC UK inflation eased to 3.1% in July from 3.2% in June, the third month in a row that prices have risen more slowly.

U.K. June Trade Deficit Narrows Published: 8/10/2010 12:35:00 PM By: TradingEconomics.com, Bloomberg The U.K.’s trade deficit narrowed more than economists forecast in June as exports rose to a two- year high.

BOE Keeps Stimulus in Place to Aid Recovery Published: 8/5/2010 10:40:57 AM By: TradingEconomics.com, BoE The Bank of England kept its bond- stimulus plan in place and left its benchmark interest rate at a record low as officials sustained emergency aid for the economy during the biggest budget squeeze since World War II.

U.K. Economy Grows 1.1% in Q2 Published: 7/23/2010 10:08:48 AM By: TradingEconomics.com, AP Britain's economy grew by 1.1 percent in the second quarter, the Office for National Statistics said, surprising markets that had expected more modest expansion.

UK Inflation Slowed in June Published: 7/13/2010 9:40:54 AM By: TradingEconomics.com, Bloomberg U.K. inflation slowed less than economists forecast in June as higher costs of goods from fuel to food kept the rate of price increases above the government’s 3 percent limit.

Bank of England holds Course on Rates and QE Published: 7/8/2010 11:12:30 AM By: TradingEconomics.com, BoE The Bank of England kept its bond- stimulus plan in place and left its benchmark interest rate at a record low to help prevent the economic recovery from stalling during the biggest budget squeeze since World War II.

UK Inflation Slows in May Published: 6/15/2010 9:52:04 AM By: TradingEconomics.com, Bloomberg U.K. inflation slowed in May to 3.4 percent for the first time in three months as lower costs of items from food to transport eased price pressures in the economy.

Bank of England Keeps Stimulus Program Published: 6/10/2010 10:19:07 AM By: TradingEconomics.com, BoE The Bank of England kept its bond- stimulus program in place and left its benchmark interest rate at a record low to aid the economy as Prime Minister David Cameron prepares the biggest budget cuts since at least the early 1980s.

U.K. Trade Deficit Remains Unchanged In April Published: 6/9/2010 9:26:57 AM By: TradingEconomics.com, Bloomberg The U.K. trade deficit was broadly unchanged in April, defying expectations for a decline, as the value of exports and imports hurt by the volcanic eruption in Iceland.

UK Recovery Still Fragile Published: 5/25/2010 3:05:59 PM By: Anna Fedec, contact@tradingeconomics.com This week, UK GDP growth for the first quarter of 2010 was revised up to 0.3%. And although this number may look encouraging it is very unlikely that this year British economy will record any significant recovery.

UK Economy Grows More Than Estimated Published: 5/25/2010 9:36:06 AM By: TradingEconomics.com, Bloomberg The U.K. economy grew more than previously estimated in the first quarter as rebounding investment and the biggest jump in manufacturing for four years strengthened the recovery.

UK Inflation Surges to 3.7% Published: 5/18/2010 10:17:26 AM By: TradingEconomics.com, FT UK inflation jumped in April to 3.7%, sharply higher than expected, prompting a letter of explanation from the governor of the Bank of England to the new chancellor George Osborne.

UK Trade Deficit Widened in March Published: 5/13/2010 9:41:32 AM By: TradingEconomics.com, Bloomberg The U.K. trade deficit widened in March as imports jumped the most in six months, led by demand for goods from cars to engineering equipment.

UK Unemployment Increases to 16-Year High Published: 5/12/2010 10:10:36 AM By: TradingEconomics.com, Bloomberg U.K. unemployment climbed to 8 percent in the first quarter, underlining the fragility of the recovery as Conservative David Cameron begins his premiership.

Bank of England Holds Rates Published: 5/10/2010 10:25:10 AM By: TradingEconomics.com, Reuters The Bank of England kept interest rates at 0.5 percent and made no change to its asset purchase target, keeping in place stimulus measures designed to nurse the economy back to health.

British Economy Grows Half as Much as Forecast Published: 4/23/2010 11:37:49 AM By: TradingEconomics.com, Bloomberg The U.K. economy grew half as much as forecast in the first quarter, underscoring the fragility of the recovery as Prime Minister Gordon Brown struggles to convince voters that his party deserves a fourth term.

UK Unemployment Declines More Than Forecast Published: 4/21/2010 10:34:08 AM By: TradingEconomics.com, Bloomberg U.K. jobless claims fell more than forecast in March while a wider measure of unemployment climbed to a 16-year high.

UK March Inflation Accelerates to 3.4% Published: 4/20/2010 9:44:39 AM By: TradingEconomics.com, Bloomberg The U.K.’s inflation rate jumped more than economists forecast in March, breaching the government’s upper limit for the second time this year after energy costs rose within weeks of the election.

U.K. February Trade Deficit Narrows Published: 4/13/2010 10:08:18 AM By: TradingEconomics.com, Bloomberg The U.K. trade deficit narrowed more than economists forecast in February as exports jumped the most in seven years on record sales of chemicals.

BOE Keeps Record Stimulus in Place Published: 4/8/2010 10:16:54 AM By: TradingEconomics.com, Bank of England The Bank of England kept its bond- purchase program unchanged for a third month as it tries to sustain the economy’s recovery from the deepest recession since World War II.

U.K. GDP Grows at Faster-Than-Estimated Pace in Fourth Quarter Published: 3/30/2010 11:05:24 AM By: TradingEconomics.com, Bloomberg The U.K. economy emerged from recession in the fourth quarter at a faster pace than previously estimated, handing a boost for Prime Minister Gordon Brown with a general election weeks away.

U.K. Inflation Slows Published: 3/23/2010 11:54:16 AM By: TradingEconomics.com, Bloomberg The U.K.’s inflation rate dropped more than economists forecast in February as lower costs of items from toys to energy sapped price pressures in the economy.

U.K. Trade Gap Widens Published: 3/9/2010 9:33:26 AM By: TradingEconomics.com, WSJ The U.K.'s global goods trade deficit in January widened unexpectedly to its largest level since August 2008 due to a sharp drop in exports, data from the Office for National Statistics showed.

BOE Holds Bond Purchase Program at 200 Billion Pounds Published: 3/4/2010 9:42:12 AM By: TradingEconomics.com, Bloomberg The Bank of England kept its bond- purchase program on hold for a second month as policy makers assessed whether the 200 billion pounds ($302 billion) spent so far is enough to prevent a relapse in the economy.

U.K. Emerges From Recession at Faster Than Estimated Pace Published: 2/26/2010 9:52:20 AM By: TradingEconomics.com, Bloomberg Britain emerged from recession at a faster pace than previously estimated in the fourth quarter, providing a boost for Prime Minister Gordon Brown as he prepares for a general election within weeks.

U.K. Unemployment Claims Jump to Highest Since 1997 Published: 2/17/2010 10:14:57 AM By: TradingEconomics.com, Bloomberg U.K. jobless claims unexpectedly jumped in January to the highest level since Tony Blair led the ruling Labour Party to power almost 13 years ago as the recession destroyed work at businesses from carmakers to banks.

U.K. Inflation Rate Accelerates Published: 2/16/2010 9:31:58 AM By: TradingEconomics.com, Bloomberg U.K. inflation accelerated in January to the fastest pace in 14 months as an increase in sales tax pushed the rate high enough to prompt a public letter of explanation from Bank of England Governor Mervyn King.

U.K. Trade Deficit Widens Published: 2/9/2010 9:36:02 AM By: TradingEconomics.com, Bloomberg The U.K. trade deficit swelled in December to the widest in almost a year as imports rose faster than exports.

Bank of England Halts Bond Purchase Program Published: 2/4/2010 10:30:30 AM By: TradingEconomics.com, Bank of England The Bank of England paused its 200 billion-pound ($317 billion) bond-purchase plan and left open the option to buy more as officials gauge the health of the U.K.’s recovery.

British Economy is Recovering But is Not Out of the Woods Published: 1/30/2010 12:58:15 PM By: Anna Fedec, contact@tradingeconomics.com In the fourth quarter of 2009, the United Kingdom economy expanded 0.1% qoq, finally emerging from the longest and deepest recession since the mid-1940s. Yet, the recent wave of optimism may be way exaggerated since recent growth is mainly supported by fiscal and monetary stimulus.

British Economy Exits Recession Published: 1/26/2010 10:08:55 AM By: TradingEconomics.com, WSJ The U.K. economy crept back to growth in the fourth quarter of 2009, narrowly emerging from a deep recession that began in the second quarter of 2008.

U.K. Jobless Claims Fell Most Since 2007 in December Published: 1/20/2010 10:06:40 AM By: TradingEconomics.com, Bloomberg U.K. unemployment fell at the fastest pace since April 2007 last month as the economy showed signs of emerging from its worst recession on record.

U.K. Inflation Rate Jumps Most on Record Published: 1/19/2010 10:00:17 AM By: TradingEconomics.com, Bloomberg The U.K. inflation rate jumped in December by the most since records began in 1997, posing a challenge to policy makers as they consider when to start raising interest rates

UK Exports Rises in November Published: 1/16/2010 2:16:54 PM By: TradingEconomics.com, BBC UK exports in November jumped to the highest in 13 months, official figures have shown.

BOE Keeps Bond-Purchase Plan at 200 Billion Pounds Published: 1/7/2010 10:13:16 AM By: TradingEconomics.com, Bloomberg, BoE The Bank of England pledged to spend the rest of its 200 billion-pound ($318 billion) bond purchase program as policy makers sought to ensure the economy’s escape from the recession.

U.K. GDP Revised Up to Show 0.2% Drop Published: 12/22/2009 10:05:24 AM By: TradingEconomics.com, Bloomberg The U.K. economy shrank less than previously estimated in the third quarter as a jump in construction and fixed investment brought the longest recession on record closer to ending.

U.K. Inflation Accelerates Published: 12/15/2009 9:43:43 AM By: TradingEconomics.com, Bloomberg U.K. inflation rose more than economists forecast in November to the fastest pace in six months, driven by fuel and transport costs.

Bank of England Keeps 200 Billion-Pound Bond Plan Published: 12/10/2009 9:35:02 AM By: TradingEconomics.com, BoE The Bank of England stuck to its plan to buy as much as 200 billion pounds ($326 billion) in bonds as officials seek to ensure the economy’s escape from the longest recession on record.

U.K. Trade Deficit Widens Published: 12/9/2009 10:56:47 AM By: TradingEconomics.com, WSJ The U.K.'s trade deficit widened unexpectedly in October as the weaker pound failed to create a higher level of demand for export goods, data showed Wednesday.

U.K. Economy Shrank Less Than Previously Estimated Published: 11/25/2009 9:42:18 AM By: TradingEconomics.com, Bloomberg The U.K. economy shrank less than previously estimated in the third quarter as consumer spending stopped falling and the service industries slump eased, bringing the longest recession on record closer to an end.

U.K. Inflation Rate Increases Published: 11/17/2009 9:21:04 AM By: TradingEconomics.com, Bloomberg The U.K. inflation rate rose more than economists forecast in October, climbing for the first time in eight months as fuel costs and air fares climbed.

U.K. Jobless Rises Less Than Forecast Published: 11/11/2009 9:16:03 AM By: TradingEconomics.com, Bloomberg U.K. unemployment rose at the slowest pace in 18 months in October, bolstering government claims that efforts to lift the economy out of recession are working.

U.K. Trade Gap Widens to 8-Month High Published: 11/10/2009 9:29:13 AM By: TradingEconomics.com, Bloomberg Britain’s trade deficit unexpectedly widened to an eight-month high in September as a surge in demand for cars helped imports rise at twice the pace of exports.

BOE Slows Pace of Bond Purchases Published: 11/5/2009 8:28:09 AM By: TradingEconomics.com, Bloomberg, Bank of England The Bank of England slowed the pace of bond purchases as signs of an economic recovery give policy makers scope to wind down their money-printing program next year.

The British Economy is in Trouble But There is Still Hope Published: 10/28/2009 9:31:59 AM By: Anna Fedec, contact@tradingeconomics.com In the third quarter of 2009, the British economy contracted 0.4% indicating the deepest and longest recession since the World War II. Yet, as gloomy the situation is, the UK government has some options left to revive growth.

UK Economy Shrinks in Q3 Published: 10/23/2009 8:35:16 AM By: TradingEconomics.com, Bloomberg The UK economy shrank by 0.4 per cent in the third quarter, indicating that the deepest recession in a generation is not yet over.

U.K. Unemployment Rises Published: 10/15/2009 12:14:47 AM By: TradingEconomics.com, Bloomberg U.K. unemployment rose by the least in a year and fewer people signed on for jobless benefits than economists forecast as the recession eased.

U.K. Inflation Rate Drops to Lowest in Five Years Published: 10/13/2009 11:43:03 AM By: TradingEconomics.com, Bloomberg The U.K. inflation rate dropped in September by more than economists forecast to the lowest in five years as the worst recession in a generation purged cost pressures throughout the economy.

U.K. Trade Gap Unexpectedly Widens Published: 10/9/2009 10:13:36 AM By: TradingEconomics.com, Bloomberg The U.K. trade deficit unexpectedly widened in June, a sign the weakness of the pound has yet to benefit exporters as the global recession persists.

Bank of England Holds Rates at 0.5% Published: 10/8/2009 9:31:39 AM By: TradingEconomics.com, Reuters The Bank of England left interest rates at a record low of 0.5 percent for the seventh month running and said it would keep its 175 billion pound asset buying programme in place, as expected

A Weak Pound May Help the British Economy Published: 9/30/2009 10:24:34 AM By: Anna Fedec, contact@tradingeconomics.com British pound has been weakening despite improvements in activity indicators and rising global risk appetite. So, what is behind this downtrend and what does it mean for the British economy?

British Economy Should Remain Weak in 2010 Published: 9/23/2009 10:03:15 AM By: Anna Fedec, contact@tradingeconomics.com Strong external growth, better demand for housing and a drop in the pace of destocking indicate the recession in the United Kingdom may be coming to an end. Yet, at Trading Economics, we think that improvement in economic indicators doesn’t necessary mean the UK economy is out of the woods.

U.K. Unemployment Rises to Highest Since 1995 Published: 9/16/2009 9:55:25 AM By: TradingEconomics.com, Bloomberg U.K. unemployment jumped to the highest level since 1995 as the recession destroyed work in industries from banking to construction.

U.K. August Inflation Rate Drops Published: 9/15/2009 9:08:26 AM By: TradingEconomics.com, Bloomberg The U.K. inflation rate dropped in August by less than economists forecast as higher oil costs offset the effects of the recession

BOE Keeps Asset Purchase Plan at 175 Billion Pounds Published: 9/10/2009 9:34:47 AM By: TradingEconomics.com, Bloomberg The Bank of England plans to keep buying as much as 175 billion pounds ($290 bn) of assets to cement the economy’s recovery from the worst recession in a generation. The central bank also kept the benchmark interest rate at 0.5%.

U.K. Trade Deficit Stays Stable Published: 9/9/2009 9:22:50 AM By: TradingEconomics.com, Bloomberg The U.K. trade deficit was unchanged in July on the month earlier but exports and imports both recorded their largest increases since January 2008 in the latest sign that the global economy is improving.

Is Quantitative Easing Helping the British Economy? Published: 9/8/2009 2:51:37 PM By: Anna Fedec, contact@tradingeconomics.com Last month, the Bank of England decided to extend its quantitative easing monetary policy, increasing its size by £50bn to £175bn. However, with the British economy improving it is unlikely that this week the Governors vote to expand QE further. And although it is too early to make a full assessment of QE’s effectiveness at Trading Economics we think that its impact on the economy may be very limited.

U.K. GDP Falls Less Than Forecast 0.7% Published: 8/28/2009 9:37:51 AM By: TradingEconomics.com, Bloomberg The U.K. economy contracted less than previously estimated in the second quarter as manufacturing, auto services and government spending helped mitigate the biggest slump in business investment in 24 years.

U.K. Inflation Rate Unexpectedly Held at 1.8% Published: 8/18/2009 9:19:15 AM By: TradingEconomics.com, Bloomberg The U.K. inflation rate unexpectedly held at 1.8 percent in July as the cost of computer games, DVDs and alcohol rose, a sign the economy is staving off deflation as the recession eases.

U.K. Unemployment Rises to 2.44 Million Published: 8/12/2009 9:36:29 AM By: TradingEconomics.com, Bloomberg U.K. unemployment rose to the highest level in 14 years as companies continue to cut jobs even as the worst recession in at least a generation begins to ease

U.K. Trade Gap Widens Published: 8/11/2009 9:19:26 AM By: TradingEconomics.com, Bloomberg The U.K. trade deficit unexpectedly widened in June, a sign the weakness of the pound has yet to benefit exporters as the global recession persists.

Is Quantitative Easing Helping the British Economy? Published: 8/10/2009 4:46:49 PM By: Anna Fedec, contact@tradingeconomics.com Last week, the Bank of England has decided to extend its quantitative easing monetary policy, increasing its size by £50bn to £175bn. And although it is too early to make a full assessment of QE’s effectiveness at Trading Economics we think that its impact on the economy may be very limited.

BOE Extends Bond Purchases Published: 8/6/2009 8:50:13 AM By: TradingEconomics.com, Bloomberg The Bank of England expanded its bond purchase program beyond its original limit in an effort to spur lending and fight a recession that’s deeper than previously anticipated.

U.K. Economy Shrank by 0.8% in Q2 Published: 7/24/2009 9:30:14 AM By: TradingEconomics.com, Bloomberg The U.K. economy shrank more than twice as much as economists forecast in Q2 as a record annual slump in construction, banking and business services kept Britain mired in the recession.

Is Quantitative Easing Helping the British Economy? Published: 7/15/2009 11:52:20 AM By: Anna Fedec, contact@tradingeconomics.com After five months of quantitative easing policy in the United Kingdom, it is likely the measure will be halted in the next few weeks. And although it is too early to make a full assessment of QE’s effectiveness, at Trading Economics we think that it could have had a better impact on the economy.

U.K. Unemployment Claims Increase the Least in a Year Published: 7/15/2009 9:42:58 AM By: TradingEconomics.com, Bloomberg U.K. unemployment claims rose the least in a year in June, adding to evidence that the worst of the recession may have passed.

U.K. Inflation Slows Below 2% Published: 7/14/2009 10:24:18 AM By: TradingEconomics.com, Bloomberg The U.K. inflation rate dropped in June below the Bank of England's 2 percent target for the first time since September 2007 as the recession sapped price pressures in the economy.

U.K. Trade Gap Narrows to Smallest in Three Years Published: 7/9/2009 9:46:55 AM By: TradingEconomics.com, Bloomberg The U.K. trade deficit narrowed in May to the smallest in three years as imports dropped, a sign the recession and the weakness of the pound is hurting demand for foreign products.

BOE Keeps Asset-Purchase Plan at 125 Billion Pounds Published: 7/9/2009 9:44:24 AM By: TradingEconomics.com, Bloomberg The Bank of England stuck to its plan to buy bonds with 125 billion pounds ($202 billion) of newly printed money as officials assess whether the worst of Britain’s recession is over.

No End Yet for British Recession Published: 7/8/2009 6:46:37 PM By: Anna Fedec, contact@tradingeconomics.com In the first quarter of 2009, the United Kingdom GDP felt by 4.9 per cent year-over-year, the steepest decline in record. Recently, the International Monetary Fund has raised its 2010 economic growth forecast for Britain. However, the United Kingdom still has a long way before it can achieve a sustainable recovery.

U.K. Rates To Remain on Hold Published: 7/8/2009 2:53:32 PM By: TradingEconomics.com After cutting its benchmark interest rate by an unprecedented 4.5 percentage points to 0.5%, it is expected that the Bank of England will keep the rate unchanged at its July 9 meeting.

UK Economy Shrinks Most in 50 Years Published: 6/30/2009 10:01:27 AM By: TradingEconomics.com, Financial Times The UK economy shrank by the most in more than half a century in the first three months of the year, according to revised figures which were much weaker than originally estimated.

Rise in U.K. Unemployment Eases Published: 6/17/2009 12:28:22 PM By: TradingEconomics.com, Financial Times The number of jobless in the UK rose by 232,000 to 2.26m people in the three months to April, after a slight moderation in the rate of increase still brought unemployment to 7.2 per cent.

U.K. Trade Deficit Widens Published: 6/10/2009 9:24:22 AM By: Tradingeconomics.com, Office for National Statistics The UK’s deficit on trade in goods and services was £3.0 billion in April, compared with the deficit of £2.7 billion in March.

Bank of England Keeps Rates Unchanged Published: 6/4/2009 10:13:49 AM By: Tradingeconomics.com, Financial Times The Bank of England’s monetary policy committee voted on Thursday to keep its key rate on hold at half a percentage point and to press ahead with its £125bn asset purchase programme as planned.

No End Yet for British Recession Published: 5/22/2009 8:59:40 AM By: Anna Fedec, contact@tradingeconomics.com In the first quarter of 2009, the United Kingdom GDP felt by 1.9 per cent quarter on quarter, the steepest quarterly decline in 30 years. What’s next for the British economy? Has the British authorities used all available measures to boost the economy?

U.K. Inflation Falls to Lowest Since January 2008 Published: 5/19/2009 9:12:10 AM By: TradingEconomics.com, Bloomberg Inflation last month fell to its lowest level since the beginning of last year, with the retail price index dropping for the second month in a row – putting further downwards pressure on wages.

U.K. Jobless Total Hits 2.2 million Published: 5/12/2009 9:26:00 AM By: TradingEconomics.com, U.K. Office for National Statistics The number of people out of work in the UK rose 244,000 to 2.22 million in the first three months of 2009, the Office for National Statistics (ONS) said. The jobless rate rose from 6.7% to 7.1%. Unemployment benefit claimants in April rose 57,100 to 1.51 million.

UK Trade Deficit Narrowed in March Published: 5/12/2009 8:42:28 AM By: TradingEconomics.com, UK National Statistics The UK’s deficit on trade in goods and services was £2.5 billion in March, compared with the deficit of £2.8 billion in February (originally published as a deficit of £3.2 billion).

Bank of England to Make More Bond Purchases Published: 5/7/2009 8:25:30 AM By: TradingEconomics.com, Bank of England The Bank of England voted to hold rates steady at half a percentage point on Thursday and said it would expand its £75bn quantitative easing programme as it cited concerns about the fragility of the world’s banking system.

Bank of England to Keep Rates at 0.5% Published: 5/6/2009 5:21:14 PM By: TradingEconomics.com, Reuters The Bank of England looks set to leave interest rates at a record low on Thursday and may give little away about the future of its asset purchase scheme ahead of new growth and inflation forecasts next week.

No End Yet for British Recession Published: 5/5/2009 3:37:27 PM By: Anna Fedec, contact@tradingeconomics.com In the first quarter of 2009, the United Kingdom GDP felt by 1.9 per cent quarter on quarter, the steepest quarterly decline in 30 years. What’s next for the British economy? Has the British authorities used all available measures to boost the economy?

U.K. Economy Shrinks Most Since 1979 Published: 4/24/2009 5:08:54 AM By: TradingEconomics.com, Financial Times The UK economy contracted much more sharply in the first quarter of this year than economists expected, casting doubt on the chancellor’s economic forecasts made in this week’s Budget

U.K. Unemployment Rises to Highest Level in 12 Years Published: 4/22/2009 5:26:48 AM By: TradingEconomics.com, Bloomberg U.K. unemployment rose to the highest level since Prime Minister Gordon Brown's Labour Party came to power in 1997 as the recession forced companies from builders to car makers to axe jobs.

U.K. Inflation Drops Published: 4/21/2009 5:24:52 AM By: TradingEconomics.com, Bloomberg The U.K. inflation rate dropped to the lowest level in a year last month as the recession blunted price pressures across the economy.

UK Trade Deficit Widened in February Published: 4/9/2009 7:28:44 AM By: TradingEconomics.com, UK National Statistics The UK's deficit on trade in goods and services was £3.2 billion in February, compared with the deficit of £3.1 billion in January (originally published as a deficit of £3.6 billion).

Bank of England Holds Rates at 0.5% Published: 4/9/2009 7:08:39 AM By: TradingEconomics.com, Financial Times The Bank of England’s monetary policy committee agreed on Thursday to hold interest rates steady for the first time since last September and maintained its commitment to buy up to £150bn in gilts and corporate bonds.

British Economy Is Sinking Published: 3/31/2009 2:56:11 PM By: Anna Fedec, contact@tradingeconomics.com The United Kingdom economy shrank 2 percent from a year earlier. Has the British authorities used all available measures to boost the economy? What else can be done to stop the downturn spiral?

U.K. Recession Worse Than Estimated Published: 3/27/2009 5:17:04 AM By: TradingEconomics.com, Bloomberg The U.K. economy’s contraction in the fourth quarter was deeper than previously estimated as consumer spending and construction slumped the most since 1980.

U.K. Bond Auction Fails Published: 3/25/2009 3:57:42 PM By: Anna Fedec, contact@tradingeconomics.com This week, the United Kingdom government bond auction failed for the first time in seven years. What is behind investors’ reluctance to buy bonds and what impact may it have on the Bank of England monetary policy?

U.K. Inflation Jumps to 3.2% Published: 3/24/2009 5:55:27 AM By: TradingEconomics.com, Financial Times UK inflation defied expectations to rise in February for the first time in five months, triggering another exchange of letters between Mervyn King, governor of the Bank of England, and Alistair Darling, chancellor.

U.K. Unemployment Soars Above 2m Published: 3/18/2009 5:55:00 AM By: TradingEconomics.com, Financial Times U.K. Unemployment has soared to above 2m for the first time since Labour came to power in 1997, according to official figures published on Wednesday.

U.K. January Trade Deficit Widens Published: 3/11/2009 5:16:45 AM By: TradingEconomics.com, Financial Times The UK trade deficit widened in January although it narrowed over a three month period, fuelling expectations a lower pound should boost exports.

Bank of England Cuts Rates to 0.5% Published: 3/5/2009 5:19:03 AM By: TradingEconomics.com, Bloomberg The Bank of England reduced the benchmark interest rate to the lowest ever and said it would start purchasing 75 billion pounds ($105 billion) in assets, printing money to fight the recession.

British Economy Could be Heading into Depression (Update) Published: 3/3/2009 8:36:32 AM By: Anna Fedec, contact@tradingeconomics.com In the last quarter of the 2008, the U.K. gross domestic product fell 1.5 percent from the previous quarter, the most since 1980. What is behind this unprecedented slump? Can interest rates reductions and a weak sterling bring relief to the deteriorating British economy?

Bank of England Could Drop Rates to Zero Published: 2/27/2009 2:37:07 PM By: Anna Fedec, contact@tradingeconomics.com The United Kingdom economy contracted the most since 1980 in the fourth quarter of 2008 as the financial crisis ceased consumer spending and companies stop investing. Has the Bank of England used all available measures to boost the credit? What else can be done to stop the downturn spiral?

U.K. Economy Shrinks Most Since 1980 Published: 2/25/2009 5:33:56 AM By: TradingEconomics.com, Bloomberg The U.K. economy contracted the most since 1980 in the fourth quarter as the financial crisis prompted spending by consumers and companies to shrivel.

UK Inflation Rate Eases to 3% Published: 2/17/2009 5:29:52 AM By: TradingEconomics.com, Financial Times Inflation in January registered a much larger year-on-year rise than many economists had expected, given falling costs of fuel and housing and the rising slack apparent elsewhere in the UK economy.

U.K. Unemployment Hits 10-Year High Published: 2/11/2009 5:21:26 AM By: TradingEconomics.com, Financial Times The total number of people out of work continued to rise sharply at the end of last year but failed to top the 2m mark as widely expected according to official figures published on Wednesday.

Welcome!
Register   |   Login                  

Download Data
Use Advanced Tools
Access Data on Excel
Compare Multiple Indicators
Signup for a Trial