Treasury chief lifts British growth view
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Treasury chief Gordon Brown said Britain's economy is growing faster than anticipated, raising his forecast for this year by a half percentage point to 2.75 percent.
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Britain's economy grew 0.7 percent in the third quarter, according to official data published Thursday.
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The pound firmed Tuesday as an upbeat speech from Bank of England rate setter Kate Barker and the recovery in global equity markets offset a weak UK manufacturing survey.
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Britain&#039;s economy grew by 0.6 percent during the first quarter of 2006, unchanged from the previous quarter and leading to the fastest annual growth pace since 2004.
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Sterling rose slightly after data out this morning suggested that inflationary pressures are building up.
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The British economy grew by 3.1 percent in 2004, ending the year on a strong note despite continued declining output from production industries and the worst Christmas for retailers in more than 20 years.
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UK business confidence is increasing despite higher interest rates, a survey by accountants KPMG finds.
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The UK economy is growing faster than predicted says Gordon Brown as he delivers his 10th pre-Budget report.
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UK businesses are set to prosper during the next few months - but this could trigger more interest rate rises, according to a report.
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Britain&#39;s economy accelerated to the fastest annual pace in nearly four years in the second quarter as manufacturing emerged from a slump and consumers ratcheted up spending, the government said Friday.
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The UK's economic future looks stronger, helped by a greater-than-expected number of EU migrants, a think-tank says.
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U.S. Treasury prices climbed on  Tuesday after the Federal Reserve raised interest rates by a  quarter percentage point as expected and its post-meeting  statement offered few surprises.
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Robust business investment helped push U.S. second-quarter growth ahead at an upwardly revised 4 percent annual rate, the government reported on Thursday, the fastest pace since early last year but one that is unlikely to be sustained.
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The number of mortgages approved in the UK rises for the first time since May last year, says the Bank of England.
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The British economy grew at a faster than expected annual rate during the second quarter of 2007, official data showed on Wednesday.
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A LEADING international think-tank yesterday upgraded its forecast of UK growth this year from 3.1% to 3.4%, while cutting its prediction for the US but raising its expectations for the euro area and Japan.
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The FTSE 100 climbed above 6,000 on Tuesday afternoon as dealers digested the latest developments in the banking sector.