• Wed
  • Sep 17, 2014
  • Updated: 6:53am

UK economy

The coalition government led by David Cameron has been criticised for sticking to a strategy of austerity even though the country was expected to suffer a triple dip recession in early 2013. It was also stripped of its prized AAA credit rating in February 2013.

Transaction tax would cost British savers 4.4 billion euros, report says

A planned tax on financial transactions in 11 euro-zone countries would cut the value of household savings in non-participating Britain by 4.4 billion euros (HK$46.8 billion), a report for the British financial sector said on Tuesday.

Tuesday, 18 February, 2014, 11:27am

British retail sales rebound in January

British retail sales rebounded last month after a weak December to record their strongest annual growth since April 2011, helped in part by a recovery in the country’s property market, a monthly industry survey showed on Tuesday.

11 Feb 2014 - 2:16pm

British retailers cut prices as household incomes stagnate

British retailers slashed prices at the fastest rate in at least seven years during the January sales, industry figures showed on Wednesday, highlighting tough trading conditions despite an improving economy.

5 Feb 2014 - 2:49pm

Britain and West can bring jobs, factories back from Asia, Cameron to say at Davos

British Prime Minister David Cameron will use a speech at Davos on Friday to say Britain and the West have an opportunity to boost their economic fortunes by luring back jobs and factories from Asia, a trend he says is already under way.

24 Jan 2014 - 3:26pm

Financial jobs in London increase for first time in nearly 2 years

The number of new financial services jobs in London rose for the first time in almost two years last month, research showed on Monday, which recruiters said was a sign that banks are starting to think about growth after years of restructuring.

13 Jan 2014 - 4:02pm

British CFOs ready to take on more risk, bank loans

The finance chiefs of Britain’s biggest companies say their appetite for risk has returned, with a poll showing they believe access to bank lending will ease this year, enabling them to expand and hire more staff.

6 Jan 2014 - 4:47pm

British service sector hiring at fastest rate since 2007

British service-sector firms are hiring new staff at the fastest rate in six years and are planning to ramp up investment as the country’s economic recovery gathers momentum, a survey showed on Tuesday.

26 Nov 2013 - 1:37pm 1 comment

British firms reluctant to hire despite record-high confidence levels

British businesses are reluctant to ramp up hiring quickly even as their confidence levels hit record highs, a survey showed on Monday, bolstering the Bank of England’s argument that unemployment is likely to fall only slowly.

11 Nov 2013 - 11:44am

British wages rise but lag inflation

Britons’ incomes edged up for the first time in three months in October as the labour market strengthened, although pay growth still lagged far behind inflation, a survey showed on Monday.

21 Oct 2013 - 3:23pm

London Olympics brought in HK$117b for Britain

The British government claimed yesterday that last year's Olympic Games in London gave the economy a massive boost, even while acknowledging that some of the investment might have happened anyway.

An official report said the Games brought £9.9 billion (HK$117 billion) to the British economy, more than the £8.92 billion cost of staging the event.

20 Jul 2013 - 3:16am