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A construction worker walks past a street sign in south London

Construction boom in Q3 keeps GDP growth strong at 0.8%

A sharp recovery in the construction sector has led to stronger than expected GDP growth. Analysts had predicted growth of around 0.4 per cent, however today the Office for National Statistics has said that GDP growth actually reached 0.8 per cent in th third quarter.
A terraced row of houses is pictured in front of a residential tower block in London

Net mortgage lending rises in September

The British Bankers Association has released new figures showing that the annual growth in bank's net mortgage lending reached 3.9 per cent in September, up from 1.0 per cent in August.
Britain's Finance Minister Osborne and Chief Secretary to the Treasury Alexander leave Downing Street in London

Uncomfortable Kingdom

It always amazed me, even in the days of black-and-white television, that almost as soon as the Budget was announced, the BBC would be interviewing a poor soul who was about to suffer Dickensian poverty in its wake. Less usual after the present Government's Spending Review announced to Parliament by Chancellor of the Exchequer, George Osborne on Wednesday, 20 October 2010, was the media being quite so spoilt for victim choice.