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British Recession

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  1. Recession
  2. Recession Over
  3. Growth-Killing Spending Cuts
  4. Double Dip Recession
  5. Failure Of Austerity
  6. Recession Proof Jobs
Get updates on British Recession
Bank of England's King sends message to successor Carney

Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling out how long interest rates will remain low.King also said the bank could not be run as "a one-man show," a sign of concern at high expectations that the arrival of the Canadian will lead to a quick fix for Britain's slow economy.In an interview with Sky News television broadcast on Sunday, King praised Carney, saying Britain was fortunate to have him. "I think everyone will admire what he will achieve," he said before sending a message to his successor."He will work with the rest of the Monetary Policy Committee. It's not a one-man show," King said. "There is a very strong team of people here in the Bank of England which I have built up over 20 years."King, who steps down at the end of June, said he was confident the bank under Carney would make the right judgments but he stressed his opposition to one of the changes that the Canadian is expected to make - sign...

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  1. Insolvencies Fall Among UK Firms, Individuals

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  2. MARKET SNAPSHOT: U.S. Stocks Rise After Upbeat Jobs Data, Earnings

    U.S. stocks ended up on Thursday, buoyed by corporate-earnings reports and data showing a sharp drop in weekly jobless claims.The S&P 500 index (SPX) a broad measure...

  3. MARKET SNAPSHOT: U.S. Stocks Rise As Verizon Leads Blue Chips

    U.S. stocks pared gains Thursday after a report that Germany's central bank is against a broader easing program for Europe.The S&P 500 index (SPX)--a broad measure o...

  4. EUROPE MARKETS: Europe Stocks Rise As U.K. Avoids Recession

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  5. MARKET SNAPSHOT: U.S. Stocks Rise; Microsoft Leads Dow Industrials

    U.S. stocks rose on Thursday as data showed a sharp drop in weekly jobless claims, while gains for Microsoft Corp. and Verizon Communications Inc. buoyed the blue-ch...

  6. MARKET SNAPSHOT: U.S. Stocks Rise; Verizon Boost Dow Industrials

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  7. Britain Narrowly Avoids Recession

    Britain skirted a "triple dip" recession by growing faster than expected in the first three months of the year, providing some cover for a government under fire over...

  8. European Shares Flat Despite Strong U.K. Data

    Surprisingly strong British growth lifted sterling on Thursday, while European shares were generally firmer as a recent run of disappointing data from other major ec...

  9. EUROPE MARKETS: Europe Stocks Erase Losses After U.K. GDP

    European stock markets erased earlier losses on Thursday, after U.K. growth data beat expectations, saving the country from sliding into a triple-dip recession.The S...

  10. UK's Osborne: First-quarter GDP growth points to economic recovery

    British finance minister George Osborne welcomed first-quarter economic growth data on Thursday that showed the country avoided a return to recession."Today's figure...

  11. EUROPE MARKETS: Earnings Weigh On Europe; Santander Off

    European stock markets struggled for direction on Thursday, after earnings from some of the region's heavyweights added pressure, offsetting hopes for a rate cut at ...

  12. Analysis: Britain's ills on display in rising car sales

    One of Britain's few economic bright spots - a 13-month run of increased car sales - may actually say more about the country's ills than it does about its growth pro...

  1. BOE's King: More Needs to Be Done for UK Recovery

    The U.K. economy is in recovery but policy makers need to do more to lift growth, Bank of England Gov. Mervyn King said Sunday."We are seeing a recovery. But it's on...

  2. Bankers see M&A recovery after deals drop 7 percent so far in 2013

    A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally in stocks a...

  3. Eurozone in Longest Recession on Record

    On May 6, I wrote on Fox News Europe was in danger of falling into a permanent recession—a depression.Now, the European statistical agencies report France joined Ita...

  4. British Airways owner's losses grow on Iberia hit

    International Airlines Group reported wider first-quarter operating losses on Friday, as deepening trouble at its Spanish carrier Iberia wiped out progress at Britis...

  5. EUROPE MARKETS: Europe Stocks Trim Losses After U.S. Data

    German stocks were flirting with extending its record streak into a third straight day on Thursday, while the broader European stock markets trimmed losses after bet...

  6. EUROPE MARKETS: Europe Stocks Slip After Chinese Inflation Data

    European stock markets retreated Thursday, after higher-than-expected Chinese inflation data stoked fears the Chinese government will withhold more easing measures.U...

  7. UK BRC Retail Sales Slump in April ahead of IMF's Visit

    U.K. retail sales slumped by the biggest amount in a year in April, ending a run of improving economic figures just as the International Monetary Fund arrives in Lon...

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