Bank of England holds rates despite robust recovery

(Reuters) - The Bank of England kept interest rates on hold on Thursday as Britain's economy continued to thrive, although risks to the recovery both at home and abroad remain.

Britain's economy set, finally, to recover ground lost to crisis

(Reuters) - Britain's economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago.

Bank of England to stick with low rates even as recovery builds

(Reuters) - The Bank of England looks set to keep interest rates at a record low on Thursday, despite signs that the recovery is picking up more speed and that house prices are surging.

Autumn statement 2013: UK economic growth upgraded

Britain's economy will grow 1.4% this year and 2.4% next year, chancellor George Osborne said on Thursday as he unveiled big upgrades from the government's independent forecasters, the Office for Budget Responsibility.

Recovery optimism grows, helped by services sector

LONDON (Reuters) - Britain's economy may be finally gaining some ground, with stronger-than-expected growth in the dominant services sector capping a week of relatively upbeat economic news.

UK economy shrank in late 2012, recession in sight

LONDON (Reuters) - Britain's economy contracted by 0.3 percent in the last quarter of 2012 as first thought, keeping alive the danger of a third recession since 2008, although yearly growth was revised up, data showed on Wednesday.

Unemployment falls to 15-month low

Hopes that Britain's economy is starting to recover from recession were boosted by a surprise fall in unemployment to its lowest rate since June 2011 while the number of people in work hit the highest level ever recorded.

Emergency tax on rich could drive away wealth creators, warns George Osborne

George Osborne effectively ruled out Nick Clegg's plans for an emergency tax on the rich today claiming the government should be wary of driving away the wealth creators.