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UK Economy

BoE to Face Dilemma on QE Call, Expects Slow Recovery in 2012

The Bank of England (BoE) is expected to take a call on whether to extend its £325 billion quantitative easing to support the economy when it meets this week, as it cannot ignore Britain's above-target inflation even though official data shows the country is back into recession.

UK Producer Price Inflation Eases in March

The U.K. producer price index for home sales of manufactured products rose 3.6 percent in the year to March 2012, compared to a growth of 4.1 percent in February, according to the latest data released from the Office for National Statistics (ONS).

Retail Sales and Job Growth Drive UK Economic Recovery

U.K. retail sales increased in March as warm weather boosted the sales of non-food goods, at the same time the permanent job placements increased for a third straight month giving an indication that the British economy is recovering slowly.