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.
Asian shares edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a looming debt payment, raising the likelihood of the cash-strapped nation's exit from the euro zone.
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 will soon be making almost four cars a minute as the UK's motor industry booms with record high production figures. The Society of Motor Manufacturers and Traders (SMMT) predicts the number of new vehicles being built in Britain will climb to ...
More than half of households received more in benefits last year than they paid in taxes, the Office for National Statistics said yesterday.