United States

William Schomberg

Budget deficit jumps in August, but little pressure on Hammond

Sep 21 2018

LONDON Britain's budget deficit unexpectedly widened in August, driven by subdued tax receipts, a rise in the state pension and higher EU budget payments, but Chancellor Philip Hammond probably still has room to ease his grip on spending later this year.

UK inflation unexpectedly leaps to 6-month high in August

Sep 19 2018

LONDON British inflation jumped unexpectedly to a six-month high in August, pushed up by bigger-than-usual seasonal increases in sea and air fares and briefly sending sterling above $1.32 for the first time since July.

Rebuilding lives, 10 years after Lehman's fall

Sep 13 2018

LONDON It is an image that became a symbol of the global financial crisis -- about 20 bankers, their backs turned to the window, attending an emergency meeting at the London office of Lehman Brothers as the firm slid toward collapse. | Video

Carney says he is ready to stay longer at Bank of England

Sep 04 2018

LONDON Bank of England Governor Mark Carney said on Tuesday he was ready to extend his time in charge of the central bank to help Britain's economy as it leaves the European Union. | Video

UK factories feel pinch from global economy as export orders fall

Sep 03 2018

LONDON British manufacturers had their weakest month in over two years and export orders suffered a rare decline in August, a warning that a world economic slowdown, as well as the approach of Brexit, is weighing on the country's factories, a survey showed.

UPDATE 1-UK factories feel pinch from global economy as export orders fall

Sep 03 2018

* Sterling weakens against dollar and euro (Adds market and economist reaction)

Summer is over for investors as global worries build

Sep 02 2018

LONDON Investors returning from their summer holidays in the coming days are likely to feel a distinct chill in the air as they assess the world economy. | Video

UK consumers defy Brexit blues, but companies fret - surveys

Aug 31 2018

LONDON British consumers appear little fazed by the possibility of a no-deal Brexit, but businesses have turned more worried, surveys showed on Friday.

Conservatives split again by Hammond's Brexit warning

Aug 24 2018

LONDON The split in Britain's ruling party over how to leave the European Union was exposed again on Friday as pro-Brexit MPs turned on the Chancellor for his latest warning that a so-called hard Brexit would hurt the economy.

UK budget surplus in July eases headache for Hammond

Aug 21 2018

LONDON Britain reported its biggest budget surplus for the month of July in 18 years on Tuesday, giving finance minister Philip Hammond some extra room for manoeuvre as he faces pressure to relax his grip on spending later this year.

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