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.

British economy slows sharply to 0.3% growth in Q1

Britain`s economy grew far slower than expected in the first quarter of 2015, official data showed Tuesday, delivering a blow to the government just nine days before a general election.

Successful Indian companies fuelling UK economy: Study

The total number of people in the UK employed by Indian companies has increased by 10 percent; from 1,00,000 last year to nearly 1,10,000.

UK economy gets thumbs-up from OECD before elections

The OECD group of leading economies on Tuesday approved Britain`s running of the economy but warned about growing inequality, in a boost for Prime Minister David Cameron as elections loom.

Rapid UK recovery starts to slow from previous red-hot pace

Britain still looks on track to outpace other advanced economies this year after rapid growth eased only slightly in the three months to September, but a euro zone slowdown could hamper the recovery in the run-up to next May`s election.

Bank of England split on need to raise rates

Bank of England policymakers were split for a third month in a row over the need to lift its record-low interest rate, minutes of their last meeting showed on Wednesday.

British economy surprisingly strong

Britain`s recovering economy grew more than expected in the second quarter, revised official data showed on Tuesday.

Tata Group warns UK over harsh business tax regime

The Tata Group, one of Britain's largest employers in the manufacturing sector, has warned the government over its commercial tax rates system, saying it is making Britain less attractive for the industry.

British retail sales rise 0.1% in July

British retail sales grew by a weaker-than-expected 0.1 percent in July from the level in June, official data showed on Thursday.

British economy grows 0.8% in second quarter: data

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

WEF 2014: UK proud of Indian investments driving JLR success, says Cameron

Pitching Britain as an attractive destination for investors, Prime Minister David Cameron on Friday said he was proud that Indian investments were driving the success story of Jaguar Land Rover.

UK 'turning a corner', registers 0.7% GDP growth

The UK economy has shown signs of recovery, registering a GDP growth of 0.7 percent in the second quarter of the year, with the Chancellor of the Exchequer saying that the country is "turning a corner".

'Royal birth could infuse 240 million pounds into UK economy'

The birth of the royal baby could add over 240 million pounds to the sluggish British economy as consumer spending gets a boost, analysts say.

British consumer confidence declines

The decline "implies the recovery in confidence has stalled, and real recovery looks a long way away", said Moon.

UK escapes triple-dip recession, returns to growth in Q1

The UK economy avoided a triple-dip recession as the GDP grew at a faster-than-expected 0.3 percent rate in the first quarter of 2013, powered by its service sector.

Recovery in sight, says Britain's central bank governor

The weakness in overall output largely reflected sharp falls in the construction sector, which is "unlikely to be repeated in 2013", Xinhua quoted him as saying.

India to become bigger economy than UK by 2017

Brazil overtook the UK over the past year, but has slipped to seventh in CEBR’s World Economic League Table rankings due to the weakness of its currency, the Telegraph reports.

UK slides back into recession after 0.2% Q1 contraction

Britain's economy has fallen back into recession for the first time since 2009 after official figures Wednesday showed that it unexpectedly contracted during the first three months of the year.

One third British business bosses fear recession in 2012

Around 35 percent of directors of British business firms think there is a high risk of a recession this year, says a survey.

UK economy heads for recession, may draw more QE

Britain's economy may have entered a mild recession in the last three months of 2011, hampering the government's core policy aim of spurring growth and raising the chances that the Bank of England will inject more cash soon.