Government’s deficit target still off course despite strong October

The chancellor’s plan to cut the deficit this year still looks out of reach as he prepares to deliver the autumn statment next month, despite a surprise improvement in the public finances in October.

Britain must stay in EU, says business lobby group

Britain's business lobby group will set out its "unequivocal" support for Britain staying in the European Union on Monday, claiming that membership brings each household some £3,000 a year.

UK trade may struggle to stand still after EU exit

GENEVA: As British Prime Minister David Cameron struggles to accommodate eurosceptics in his own party, trade experts warn that quitting the European Union would force Britain not just to rework trade relations with the EU, but also with the EU's trade partners and probably the World Trade Organization.

France calls on Europe to ease off austerity

BRUSSELS (AP) — France has called on fellow European nations to ease off on painful austerity policies to give the economy some breathing space and avoid social upheaval.

BoE governor backed more stimulus for UK economy

LONDON (AP) — The Bank of England expressed growing concern over Britain's economy and came surprisingly close to backing another monetary stimulus in a move that piled further pressure on the pound.

Britain’s exports are alive and kicking - it's up to the Government to keep it that way

With a eurozone crisis still battering the Continent, the prevailing view of foreign markets is that they are a gloomy influence on the British economy.

UK unemployment falls due to temporary Olympics jobs boost

The number of Britons out of work has fallen to its lowest in almost a year, with the decline partly due to jobs created for the London Olympics as well as an increase in self- and part-time employment.

One in three chance UK loses AAA rating: Poll

LONDON: Britain has about a one in three chance of losing its AAA sovereign credit rating, a Reuters poll found on Thursday, a move that would put huge pressure on finance minister George Osborne who is sticking with austerity even as the recession deepens.

George Osborne hints at British referendum on Europe

George Osborne has hinted at a British referendum on Europe, saying any "reshaped" UK relationship with EU would have to be put to British voters for approval.

Europe Moves Ahead With Fiscal Union; UK Stands Isolated

Europe secured an historic agreement to draft a new treaty for deeper economic integration in the euro zone on Friday, but Britain, the region's third largest economy, refused to join the other 26 countries in a fiscal union and was isolated.