UK consumer confidence climbed in June to its highest level since the start of the millennium, as low inflation and stronger pay growth paved the way for a surge in spending.
HONG KONG Asian shares held near five-month lows on Tuesday after Chinese stocks took another leg down while safe-haven assets received a boost as investors nervously awaited further developments in the deepening euro zone crisis.
LONDON—Raising interest rates too early could risk another recession in the U.K., the Bank of England's chief economist Andy Haldane planned to say in a speech Tuesday.
Britain's auto industry turned over a record �69.5bn last year, an increase of 6.6pc on 2013, according to new data from the sector's trade association.
More than half of households received more in benefits last year than they paid in taxes, the Office for National Statistics said yesterday.