Analyst: End of U.K. recession may be near

LONDON, Sept. 8 (UPI) -- A leading British economist says recent data suggest the country may be pulling out of its double-dip recession.

Eurozone contracts, 2nd recession feared

LUXEMBOURG, Aug. 15 (UPI) -- The eurozone slid toward a second recession in nearly four years as the economy contracted after stagnating the previous quarter, a European Union agency said.

British manufacturing down sharply in May

LONDON, June 1 (UPI) -- Business activity among Britain's manufacturing firms dropped sharply in May, researchers at Markit said Friday.

Consumers resilient in Britain

LONDON, April 20 (UPI) -- Consumer spending in Britain rose 1.8 percent in March compared with February, suggesting resilience in the economy, leading analysts said.

Service sector drags on British economy

LONDON, Dec. 24 (UPI) -- An independent government-sponsored budget office in London lowered its forecast for Britain's economic growth for 2012 from 2.5 percent to 0.7 percent.

British unemployment rebounds slightly

LONDON, Nov. 11 (UPI) -- Labor statistics in Britain show a pattern of recovery as job losses have slowed, the Office for National Statistics said.

Britain's debt at record levels

LONDON, Oct. 20 (UPI) -- Britain's Office for National Statistics said government borrowing in the quarter March to September soared by $24.2 billion, the highest level since 1946.

Britain likely to start 'printing money'

LONDON, Feb. 18 (UPI) -- The Bank of England is likely to begin "printing money" to ward off deflation, a leading British economist said.

Inflation falls sharply in Britain

LONDON, Nov. 18 (UPI) -- Inflation in Britain fell in October by the biggest margin since 1997, possibly signaling a central bank lending rate cut in December, an economist said.

Analyst: Lehman may mean lending jitters

LONDON, Sept. 15 (UPI) -- Lehman Brothers' fall jolted global financial markets, perhaps leading European banks to be reluctant to lend to each other, a global economist said Monday.

Mortgage approvals down sharply in Britain

LONDON, June 24 (UPI) -- Mortgage approval rates in Britain fell 20 percent in a month and 56 percent from a year ago, sparking worries of a widespread housing crash, sources said.

April home prices fell hard in Britain

LONDON, May 30 (UPI) -- Home prices in Britain fell 2.5 percent in April, Nationwide, the country's largest building society said Friday.

Bankruptcy requests rising in Britain

LONDON, May 17 (UPI) -- Bankruptcy applications were up 12 percent in the first quarter of the year in Britain compared to the previous quarter, figures show.

Foreclosures on the rise in Britain

LONDON, May 9 (UPI) -- Foreclosures in Britain rose 16 percent in the first quarter of 2008, coming close to levels experienced in the 1990s, the government said.

Analysts: England bank rate cut unlikely

LONDON, May 1 (UPI) -- Bank of England officials have signaled that further cuts in its key lending rate -- now at 5 percent -- are unlikely next week, various analysts said.
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