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...

The British economy contracted at a much sharper pace than initially thought and at its fastest rate in more than 50 years in the first three months of this year, official data showed on Tuesday. The Office for National Statistics said GDP fell by 2.4 percent in the first quarter, revised down fr...

The British economy contracted at a much sharper pace than initially thought and at its fastest rate in more than 50 years in the first three months of this year, official data showed on Tuesday. ...

The deficit in the broadest measure of trade has plunged sharply in the first three months of the year as the country's deep recession depressed imports of oil and other goods. The Commerce Department said Wednesday the current account trade deficit dropped to $101.5 billion in the first quarter,...

The 16-country euro zone lost a record 1.22 million jobs in the first quarter of 2009, data showed on Monday, highlighting the depth of recession and boding ill for any quick turnaround. The number of employed fell 0.8 percent in the first three months against the previous quarter to 146.2 millio...