Britain economy

India pips Britain to become world's 5th largest economy

India pips Britain to become world's 5th largest economy

For the first time in over 100 years, India has piped the United Kingdom to become the world's 5th largest economy.

Dec 21, 2016, 09:54 AM IST

'Economic growth momentum stable in major economies'

Economic momentum is holding stable in major industrialised economies while growth has settled at a lower rate in Britain after its vote in June to quit the European Union, the OECD`s monthly leading indicators showed on Monday.

Oct 10, 2016, 16:37 PM IST
From currency to confidence, UK Plc battles Brexit fallout

From currency to confidence, UK Plc battles Brexit fallout

Signs mounted on Thursday that Brexit-induced uncertainty and a sharp fall in sterling would hurt a wide range of companies and make it hard for them to meet their full-year profit targets.

Jul 07, 2016, 21:29 PM IST
UK's David Cameron struggles to make Britons believe his EU message: Poll

UK's David Cameron struggles to make Britons believe his EU message: Poll

With less than six weeks to go until the June 23 referendum on Britain`s EU membership and voters evenly split on how they intend to cast their ballots, the rival camps have stepped up campaigning.

May 15, 2016, 00:30 AM IST
Brexit could cost UK economy six percentage points: Treasury

Brexit could cost UK economy six percentage points: Treasury

If Britain leaves the European Union its economy could be six percentage points smaller than it would otherwise have been by 2030, the finance ministry warned in a report on Monday that was dismissed as scaremongering by eurosceptics.

Apr 18, 2016, 19:15 PM IST
UK economic growth revised higher: Data

UK economic growth revised higher: Data

Britain`s economy grew more than expected in the first quarter but output was still lower compared with the end of last year, official data showed on Tuesday.

Jun 30, 2015, 14:53 PM IST

Sliding oil sends British inflation to 12-year low

The 12-month Consumer Price Index (CPI) dropped from a rate of 1.3 per cent in October, the Office for National Statistics said in a statement.

Dec 16, 2014, 17:56 PM IST

Bank of England holds rates despite robust recovery

The Bank of England kept interest rates on hold on Thursday as Britain`s economy continued to thrive, although risks to the recovery both at home and abroad remain.

Sep 04, 2014, 17:58 PM IST

British annual inflation slides to 1.6%

Britain`s 12-month inflation slid to 1.6 percent in July from 1.9 percent in June.

Aug 19, 2014, 14:42 PM IST

Britain`s economy `halfway` to recovery: bank chief

In an interview with The Sunday Times, Carney declared that the economy was now undergoing genuine expansion following the economic crisis of 2008.

Aug 17, 2014, 04:44 AM IST

British economy grows to above pre-crisis level

Britain is predicted by the IMF to be the fastest growing major world economy this year.

Jul 25, 2014, 15:33 PM IST

British annual inflation accelerates to 1.9%: Official data

Britain`s 12-month inflation accelerated in June, driven by the rising cost of clothes, food, non-alcoholic drinks and air transport, official data showed on Tuesday.

Jul 15, 2014, 15:22 PM IST

British inflation slows again to 1.5%: Official data

Britain`s 12-month inflation slowed to 1.5 percent in May, which was the lowest level for four and a half years, official data showed on Tuesday.

Jun 17, 2014, 14:35 PM IST

Britain tops foreign investment ranking, France lags: Study

Retaining its top position, Britain saw the number of foreign investment projects in the country rise by 15 percent last year to 799, according to Ernst and Young.

May 27, 2014, 18:11 PM IST

British economy officially grows 0.8% in first quarter

Britain`s economy grew by 0.8 percent in the first quarter of 2014 compared with the final three months of last year, official data showed on Tuesday.

Apr 29, 2014, 15:54 PM IST

Britain raises growth outlook ahead of election

Britain is set to grow faster than expected this year and next, finance minister George Osborne said in his annual budget Wednesday, drawing battle lines before national polls in 2015.

Mar 19, 2014, 20:02 PM IST

Britain set for sixth year of record-low interest rate

The Bank of England is set to vote Thursday to keep its key interest rate at a record-low 0.50 percent, five years after slashing borrowing costs to the current level.

Mar 05, 2014, 10:56 AM IST

British 2013 economic growth downgraded to 1.8%

Britain`s economy grew by less than previously thought last year, but still registered the fastest rate of growth since before the financial crisis, revised official data showed Wednesday.

Feb 26, 2014, 16:20 PM IST

Britain needs £25 bn of cuts after election: Osborne

British finance minister George Osborne warned Monday that the government needs to find an extra £25 billion (USD 41 billion, 30 billion euros) of painful cuts after next year`s general election.

Jan 06, 2014, 16:34 PM IST

Britain`s official public borrowing drops in October

British state borrowing fell last month as the nation`s strengthening economic recovery lifted tax revenues, official data showed on Thursday.

Nov 21, 2013, 19:21 PM IST