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UK banks must bolster defences against consumer loan defaults - Bank of England
LONDON (Reuters) - British banks have underestimated the risks from a surge in consumer borrowing and need to hold an extra 10 billion pounds of capital to guard against future dangers, the Bank of England said on Monday.Outlook for wage growth in Britain cools - survey
LONDON (Reuters) - Hopes for higher wage growth across Britain are receding, apart from in a few sectors of the labour market that suffer from acute skill shortages, according to a report published on Monday by recruitment company Hays .Labour pledges infrastructure nationalisation, credit card cap
BRIGHTON, England (Reuters) - Britain's opposition Labour Party set out plans on Monday to nationalise billions of pounds of privately-funded infrastructure contracts, cap credit card interest charges, and get extra cash from large corporations.Britain's savings slump might not be so bad - statistics office
LONDON (Reuters) - Britain's rock-bottom household savings problem, which has raised fears about unsustainable debt-fuelled spending, might not be quite so acute after all, according to the country's statistics office.UK watchdog to investigate conflicts of interest among pension fund advisers
LONDON (Reuters) - Britain's competitions watchdog will look into the advice given by consultants to pension schemes and other institutions managing over 1.6 trillion pounds of funds, to see if there are conflicts of interest, it said on Thursday.EU oversight plan draws fire from financial firms and consumers alike
BRUSSELS (Reuters) - The European Union's plans to tighten up its oversight of financial firms have come under attack from industry and consumer groups that fear the move could hit businesses without doing enough to prevent misselling of risky funds.Bank of England survey shows little sign of UK pay growth improving
LONDON (Reuters) - Pay growth across British companies remains subdued and investment intentions among British services firms weakened further in the last quarter, a Bank of England survey of businesses showed on Wednesday.UK retail sales surge in August, likely to boost BoE rate hike bets
((This version of the September 20 story corrects paragraph 6 on likelihood of flat Q3 retail sales, after ONS corrects estimate given to media))Brexit, slowdown: a bleak backdrop for UK shift towards higher rates
LONDON (Reuters) - The Bank of England has chosen an unusual time to announce that British interest rates are likely to rise for the first time in more than 10 years.Bank of England's Carney sees Brexit pushing up inflation, slowing growth
WASHINGTON (Reuters) - Bank of England Governor Mark Carney said on Monday that Brexit is likely to hurt Britain's growth prospects in the short term and push up inflation as the country adjusts to life outside the European Union.