U.K. Consumer Confidence Advances to Four-Month High, GfK Says

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U.K. consumer confidence rose to its highest level in four months in February after Britain exited its longest recession on record and Britons said they were more optimistic about the economy, GfK NOP said. An index of sentiment increased for a second consecutive month to minus 14 from minus 17 ...

UK Inflation expected to rise above Bank of England target

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The rise would raise further concerns about a decrease in Britons' living standards. The Bank of England Governor, Mervyn King, has already predicted that the Consumer Price Index is likely to exceed 3pc when figures are published on Tuesday, forcing him to write a letter of explanation to the C...

UK inflation expectations steady at 2.4 pct in Nov - BoE

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Britons' inflation expectations for the coming year held steady at 2.4 percent in November, the same as August and May, a quarterly survey from the Bank of England showed on Thursday. The survey showed people thought the current rate of inflation was 3.2 percent, down from a reading of 3.8 perce...

Homeowners pay down housing debt

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Britons put almost seven billion pounds of equity into their homes in the second three months of the year as record low interest rates and uncertain job prospects encouraged homeowners to pay down debt. Bank of England figures on Friday show Britons have injected equity into their homes for the p...

UK unemployment jumps to highest since 1995 as recession pain bites

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The number of Britons joining the dole queue climbed by 210,000 to 2.47 million in the three months to the end of July, figures from the Office for National Statistics showed today. That's the highest level since 1995. ...

Britons Paid Back Home Loans at Record Pace, BOE Says

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Britons paid down mortgage debt at a record pace in the first three months of the year as the recession encouraged people to curb borrowing. Individuals added to their housing equity for a fourth quarter, paying in a net 8.1 billion pounds ($13.2 billion), which was the most since records began i...

UK claimant count up less than expected in May

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The number of Britons claiming jobless benefit rose less than expected in May, although the rate was its highest in more than a decade, official data showed on Wednesday. ...
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