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09/21/2018 03:33 PM
MPs criticise RBS and Barclays for online banking outages
Royal Bank of Scotland apologised for outages that hit its online and mobile banking services on Friday, the latest in a string of such failings at British banks which have drawn criticism from customers and members of parliament.


09/21/2018 07:39 AM
Support in UK for more tax and spending at 15-year high - survey
Support in Britain for increased levels of tax to fund more public spending has hit a 15-year high, according to a survey published on Friday, after nearly a decade of government efforts to cut its budget deficits.


09/19/2018 01:29 PM
Inflation unexpectedly leaps to six-month high in August
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.


09/19/2018 07:32 AM
Affordable housing to get 2 billion pounds boost in UK, May says
Britain's government will invest 2 billion pounds to address an affordable housing shortage, Prime Minister Theresa May will say on Wednesday.


09/17/2018 08:36 AM
UK consumer spending grows at fastest pace since January - Visa
British consumer spending grew over the three months to August at the fastest pace since January, chiming with other signs the economy has picked up some steam in mid-2018, a survey from payments firm Visa showed on Monday.


09/17/2018 08:36 AM
UK consumers remain most upbeat since 2015 - IHS Markit
British households' confidence about their financial situation held at its highest since 2015 this month, as their concern about inflation eased and they were relaxed about prospects for the year to come, a survey showed on Monday.


09/14/2018 03:24 PM
Brexit talks 'closing in on workable solutions', Raab says
British and European Union negotiators are "closing in on workable solutions" to the outstanding issues in Brexit talks, Britain's Brexit Secretary Dominic Raab said after a phone call with EU chief negotiator Michel Barnier.


09/14/2018 03:24 PM
Carney warns of 'no-deal' Brexit house price crash - newspaper
Britain's property market would crash and mortgage rates spiral up in the event of a chaotic no-deal Brexit, with house prices falling 35 percent over three years, Bank of England Governor Mark Carney told ministers, The Times newspaper reported.


09/14/2018 07:43 AM
Nationwide announces £1.3 billion in additional technology spend
Nationwide Building Society said on Friday it would spend an additional 1.3 billion pounds on technology, as the British lender works to keep pace with the growing popularity of online and mobile banking.


09/13/2018 01:56 PM
Bank of England holds rates steady, sees more Brexit uncertainty
The Bank of England kept interest rates on hold on Thursday and highlighted greater financial market concerns about Brexit, a month after raising borrowing costs for only the second time in more than a decade.


09/13/2018 07:31 AM
UK house prices steady, sales weakest in five months - RICS
House prices in London fell last month at the fastest pace since April but there were strong gains away from southern England, giving a broadly flat picture overall, the Royal Institution of Chartered Surveyors said on Thursday.


09/13/2018 07:31 AM
Bank of England to keep rates steady after August rise
Britain's central bank looks set to keep interest rates on hold on Thursday, giving the economy time to digest August's increase in borrowing costs, which was only the second such move by the Bank of England in the decade since the financial crisis.


09/11/2018 10:51 AM
UK pay growth beats forecasts as hiring levels off
British workers' pay excluding bonuses picked up faster than expected during the three months to July to a rate that has not been beaten in three years, as businesses found it harder to hire staff, official figures showed on Tuesday.


09/07/2018 10:03 AM
More Britons expect interest rates to rise over next year - BoE survey
The proportion of British people expecting interest rates to rise over the next 12 months increased in August, following the Bank of England's decision to raise rates at the start of the month, a BoE survey showed on Friday.


09/07/2018 09:12 AM
UK annual house price growth picks up to nine-month high - Halifax
British house prices rose in the three months to August at their fastest annual rate since November last year, figures from major mortgage lender Halifax showed on Friday, bolstered by a gradual pick-up in wages and limited supply.


09/06/2018 04:07 PM
UK regulator caps energy prices to save households about a billion pounds a year
Britain's regulator on Thursday proposed a price cap on default energy bills to save households about a billion pounds a year and aims to implement it in time for winter following a government promise to tackle "rip-off" prices.


09/05/2018 08:10 AM
Berkeley says UK housing market sluggish on Brexit run-in
Berkeley Group Holdings said on Wednesday Britain's housing market lacked urgency and was constrained by high transaction costs, limits on mortgage borrowing and uncertainty over next year's planned exit from the European Union.


09/04/2018 02:06 PM
TSB CEO leaves bank after IT fiasco batters brand
Paul Pester, the chief executive of Britain's crisis-hit TSB Bank, is stepping down after months of pressure following a botched IT project that has cost more than 200 million euros (180 million pounds).


09/04/2018 02:04 PM
TSB CEO has taken responsibility for 'fundamental failings' - BoE's Carney
Bank of England Governor Mark Carney said on Tuesday senior managers needed to take responsibility for failings on their watch, when asked about the earlier resignation of TSB Bank Chief Executive Paul Pester.


09/04/2018 07:41 AM
TSB hit by another IT glitch, angering some customers
TSB was hit by another technology glitch on Monday, the latest since a botched IT upgrade in April resulted in one of the country's worst banking outages.

 

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