UK shoppers turn to credit cards to fund summer spending

William Schomberg|Published

Credit card lending by the main high street banks rose by an annual 5. 8 percent, the strongest growth rate since February, UK Finance said.

UK’s factories maintain growth

William Schomberg|Published

Britain's factory sector maintained most of its robust growth last month after a weaker pound boosted exports.

Tough choice lies ahead for Carney

William Schomberg|Published

Mark Carney has been taking the big decisions for Britain's economy for three years - but his next one will be much more personal.

Britain’s Osborne to cut spending

William Schomberg|Published

British Finance Minister George Osborne moves to protect his austerity plan from a weakening of the economy.

Carney accused of politicking

William Schomberg|Published

Britain's central bank governor's upbeat assessment of the European Union's membership is regrettable.

Britain trims growth outlook

William Schomberg|Published

London - Britain slightly lowered its official growth forecast for 2015 on Wednesday as finance minister George Osborne gave his annual budget statement.

UK employers group cuts growth outlook

William Schomberg|Published

The Confederation of British Industry has cut its forecast for UK economic growth.

BoE officials hammer home rates message

William Schomberg|Published

Bank of England policymakers are seeking to ram home the central message of their new forward guidance policy - British interest rates are not going up any time ...

BoE likely to pause after Carney changes

William Schomberg|Published

The Bank of England is expected to take a breather when it announces its latest policy decision on Thursday after a hectic couple of months under new governor Mark ...

Carney's BoE set to join forward guidance club

William Schomberg|Published

Mark Carney faces his first big test as Bank of England governor when the central bank spells out how it will try to stop higher borrowing costs from snuffing out ...

Carney faces tough task at BoE

William Schomberg|Published

Mark Carney’s arrival at the Bank of England has been hailed as the start of a new era.

Britain’s Cable urges rethink of lending scheme

William Schomberg|Published

Britain's business minister called on the Bank of England to consider new ways to unblock the flow of credit to small companies in order to help the country's sluggish ...