United Kingdom


UK economy starting to recover but jobs news bad, BoE's Bailey says

Britain's economy is recovering a bit more quickly than the Bank of England thought a month ago as the government eases its COVID-19 lockdown, but news from the labour market is mostly negative, Bank of England Governor Andrew Bailey said.

Bank of England slows bond purchases as it sees some recovery signs

The Bank of England slowed the pace of its huge bond-buying programme on Thursday as it saw some signs that the British economy was recovering from the unprecedented slump caused by the coronavirus lockdown.

Takeaway coffee and fitness classes return to UK inflation data as lockdown eases

Haircuts, holidays and a pint at the pub remain off limits but prices for takeaway coffees, muffins and fitness classes have returned to Britain's inflation data, giving a picture of how the coronavirus lockdown is easing.

UK inflation hits four-year low on oil price fall, COVID impact

福利网站British inflation fell to its lowest since June 2016 last month as the coronavirus pandemic sucked demand from the global economy and oil prices tumbled, leaving the Bank of England free to ramp up its stimulus programme again.

Stocks are 'overvalued', but investors scream buy - BofA

A whopping 98% of investors surveyed by Bank of America believe markets are "overvalued" after world stocks bounced back from March lows at a record pace driven by government stimulus measures.

Asset managers keep $7.5 billion in UK property funds frozen on valuation uncertainty

福利网站Six asset managers including M&G and Legal & General said they were keeping property funds totalling more than $7.5 billion in assets frozen as valuers continue to struggle to assess real estate due to the coronavirus crisis.

More than 600,000 lose work in UK as COVID hits jobs market

福利网站The number of people on British employers' payrolls fell by more than 600,000 in April and May as the coronavirus lockdown hit the labour market, and vacancies plunged by the most on record, data showed on Tuesday.

English property sales rebound after lockdown ends - Rightmove

Estate agents in England have seen a rebound in house sales since the government eased coronavirus lockdown restrictions on May 13, property website Rightmove said on Monday.

MPs urge Sunak to add one million workers to income schemes

British finance minister Rishi Sunak must extend the government's already huge coronavirus income support measures to include over 1 million more workers who have missed out, lawmakers said on Monday.

UK public inflation expectations slump due to COVID, BoE says

The British public's long-term expectations for inflation slumped to a record low in May as the coronavirus hit the economy, a quarterly Bank of England survey showed on Friday.

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Property News

Lloyds Bank fined £64 million for overcharging mortgage customers

福利网站Britain's biggest domestic bank Lloyds has been fined 64 million pounds by the Financial Conduct Authority for mistreating hundreds of thousands of mortgage customers in financial difficulties.

UK house prices hit 10-year low but recovery signs emerge - RICS

English house sales rebound to near pre-lockdown levels, Zoopla says

Pensions News

UK pensions regulator sets out guidance for superfunds

福利网站The Pensions Regulator (TPR) on Thursday published the framework for the launch of UK pension superfunds, a new structure designed to ease the burden of Britain's 2 trillion pound final salary pension sector on cash-strapped firms.

Money managers step warily around euro zone bank 'value trap'

Pension insurance deals boost UK company shares by up to 3%, says report

Savings & Loans News

Cash flows into U.S. growth funds surge, value funds see outflows

福利网站U.S. investors have ramped up investments in growth funds over the past few months on expectations of higher returns and safety, while they dumped value funds despite cheaper prices after this year's pandemic-linked selloff.

British companies seek extra time to plug ballooning pension gaps - sources

Exclusive: Savings surge forces Goldman to shut Marcus to new UK clients