The U.K. general elections will be a "close-fought battle" says William Hague, leader of the U.K. House of Commons, arguing that a Labour win would mean a "lurch back to all the deficits" of before.» Read More
British data confuses, Trichet talks tough, and Dr. Doom is gloomy again - it's time for your FX Fix.
A leading British economic policymaker defended the Bank of England's (BoE) 75 billion pounds ($114 billion) boost to its money-printing program Tuesday.
The average UK household will be in “fuel poverty” by the next election in 2015 if energy bills, which have almost doubled as a share of median income since 2004, stay on their current path, the FT reports.
France and Germany make a promise, and China sends a warning - it's time for your FX Fix.
"Three-quarters of the warnings for this quarter [in the UK] are on small cap companies. There is an emerging tail of a two-tier economy," Keith McGregor, head of restructuring EMEA at Ernst & Young, told CNBC.
Regulators in the United States and overseas are cracking down on computerized high-speed trading that crowds today’s stock exchanges, worried that as it spreads around the globe it is making market swings worse. The New York Times reports.
The prospect of guaranteeing the debt of richer but more spendthrift countries like Greece, Portugal and even Italy has led to public outrage in tiny Slovakia, the second-poorest country in the euro zone where the average worker earns just over $1,000 a month. Now it is threatening to derail a collective European bailout . The New York Times reports.
The UK’s opposition party leader Ed Miliband announced a reshuffle to his shadow cabinet on Friday in a move that was widely expected following a change to the Labour party’s rules which had previously meant shadow cabinet members had to be elected by the party.
The insurer is happy with the exposure it has to indebted euro zone member states and is confident that European leaders will find solutions to the de debt crisis, Aviva CEO Andrew Moss told CNBC Friday.
"Let's not just say, 'The whole jobs market has gone, everything is a disaster.' There are positive signs globally. What you have got to do with the job market is really understand the locum job market: it is not just one market. Everything does not operate just like the US, just like the UK. Job markets are very specific," David Arkless, president of corporate and government affairs at Manpower Group, told CNBC.
The Bank of England launches QE2 and the European Central Bank has everyone on tenterhooks - time for your FX Fix.
"I think the risk of deflation is much greater than the risk of inflation because of all the headwinds that are against us, and there is no real sign that there is a wage-price spiral building up here," Ruth Lea, economic advisor at Arbuthnot Banking Group, told CNBC.
The UK’s central bank, the Bank of England, is expected to hold interest rates at their current level of 0.5 percent on Thursday as the global economic crisis appeared to worsen and the International Monetary Fund warned that a second global recession could not be ruled out.
The British Prime Minister David Cameron defended the coalition government’s austerity plans on Wednesday telling delegates at the Conservative party’s annual conference in Manchester: “Our plan is right, and our plan will work.”
When chancellor of the exchequer, George Osborne, got up to speak at the Conservative party conference on Monday, he knew he had to tread a fine line between optimism that the British economy could recover and wasn’t going to fall into a "double-dip" recession, versus facing down calls from the Liberal Democrats to ease public spending cuts and those on the right of his own political party calling for an end to the 50p tax rate at the very least.
More than two thirds of business managers feel that a UK recession is now likely to happen with business confidence at a low, according to a new report.
The UK’s finance minister, Chancellor of the Exchequer George Osborne vowed to continue the coalition government’s austerity program on Monday telling delegates at his Conservative party’s annual conference in Manchester, UK, that Britain would “ride out the storm.”
With almost every day marking a new milestone in the euro zone debt crisis, how can the UK avoid being dragged in?
The UK's Chancellor of the Exchequer, George Osborne, must wait to see what the economy does over the next few months before taking any more major steps, Vicky Pryce, senior managing director at FTI Consulting, told CNBC, prior to the minister's speech at the Conservative's annual conference in Manchester.
The UK is likely to see more quantitative easing next week or at the latest by November, according to one economic advisor.