LONDON British taxes would need to rise to their highest since just after World War Two to sustainably meet Prime Minister Theresa May's goal of ending the austerity squeeze on public services, a think tank said ahead of her government's annual budget.
LONDON, Oct 16 British taxes would need to rise
to their highest since just after World War Two to sustainably
meet Prime Minister Theresa May's goal of ending the austerity
squeeze on public services, a think tank said ahead of her
government's annual budget.
* UK industry lags behind peers on automation and
REDDITCH, England At Muller Precision Engineering's plant in Redditch, south of Birmingham, James Gibbs is in charge of three clattering pieces of machinery older than he is.
LONDON British surveyors are the most downbeat about house prices since the Brexit vote in 2016 with some unsettled by reports that Bank of England Governor Mark Carney warned ministers of a possible house price crash if Britain leaves the EU with no deal.
LONDON Signs of a "new dawn" in British wage growth are growing after years of stagnation but the pick-up in pay is likely to be limited, the Bank of England's chief economist, Andy Haldane, said on Wednesday.
LONDON Britain's government would risk being sued by bondholders if it made major changes to the outdated inflation index used to calculate their payments, Bank of England deputy governor Ben Broadbent told lawmakers on Tuesday.
LONDON The second of two Russians who Britain blames for the poisoning of former Russian spy Sergei Skripal was named by investigative website Bellingcat on Monday as a military doctor for Russia's GRU intelligence service. | Video
LONDON Britain's businesses are suffering from Brexit-related uncertainty as exports slow, recruitment difficulties mount and investment plans are scaled back, two surveys showed on Monday.
LONDON British workers' productivity grew at the fastest pace since late 2016 in the three months to June and labour cost growth slowed, suggesting the home-grown inflation pressures that the Bank of England is watching closely remain muted.