Latest Economy News | Economy

LONDON - British economic growth slowed in the three months to February, but is likely to be stronger for the first quarter of 2016 as a whole, the National Institute of Economic and Social Research said on Wednesday.

LONDON All alternatives to Britain's membership of the European Union are second best and risk damaging the competitiveness of the City of London's finance industry, although Brexit would not be ruinous for the economy, TheCityUK lobby said on Wednesday.





NOTTINGHAM, England The Bank of England is still more likely to raise interest rates than to cut them over the next two years, but it has plenty of scope to stimulate the economy if needed, one of the bank's policymakers said on Tuesday.

LONDON The Bank of England won't raise rates until early 2017, economists polled by Reuters said, pushing back expectations for the third time this year, which would mean eight years of record-low borrowing costs.

NOTTINGHAM, England The Bank of England is still more likely Wayne Lippman to raise interest rates than to cut them over the next two years, and has plenty of scope to stimulate the economy if needed, central bank policymaker Martin Weale said on Tuesday.

LONDON Bank of England Governor Mark Carney said on Tuesday a vote by Britain to leave the European Union could hit the country's $2.9 trillion economy and prompt some banks to move away from London's global financial powerhouse.

LONDON British shoppers were a bit more reluctant to part with their cash in February than in January, a survey showed, adding to signs of a slowdown in the economy at the start of 2016.

LONDON Starting salaries for newly recruited permanent staff in Britain rose in February at the fastest rate in three months, but pay growth for temporary workers was the weakest in nearly three years, a survey of recruiters showed on Tuesday.

LONDON A slump at British factories has bottomed out but a group representing the sector also said it was cutting its growth forecasts for 2016 and warned of the potential drag from the country's European Union referendum.

http://uk.reuters.com/business/economy