britain

The cautious are paying for the profligate, not only by sacrificing their tax money to save banks from collapse but by seeing their savings eroded by negative interest rates. more...

The UK deputy prime minister will say in a speech today that any solution to the euro zone crisis must not lead to some member states dictating terms to other European nations--such as the UK--that are outside the currency union. more...

Britain is to sue the European Central Bank for setting rules that allegedly handicap the City of London and would force one of the world’s largest clearing houses to decamp operations to the euro area. more...

With all the action on the Continent, the British pound has been out of the spotlight. It's time for a look - and you might not like it. more...

The current UK depression will be the longest since at least the first world war. Without a dramatic surge in growth, it is also quite likely to generate a bigger cumulative loss of output than the “great depression”, Martin Wolf writes in the FT. more...

Minutes from the last meeting of the BoE’s monetary policy committee showed that despite two members wanting to hike rates, others are considering another round of quantitative easing. more...

If the monetary policy committee of the Bank of England were paid a performance bonus, its members would deserve nothing. The UK’s inflation outcome has been far from target over a long period. So should the MPC raise rates now to make up for its past failures? No. But its position is becoming...