U.K. interest-rate cut may loom amid growing signs of slowdown

Article Abstract:

Analysts anticipate that the Bank of England will hold off until February 2008 to reduce interest rates despite the impact of the credit crisis on the UK economy, including negative effects on consumer spending and home prices. The Bank of England had previously reduced interest rates from 5.75% to 5.5% in December 2007.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Brown seeks closer U.K. business ties with China on trip

Article Abstract:

Gordon Brown, Britain's prime minister, is seeking better trade ties with China. Among the European Union nations, the UK is China's largest investor. But Britain's goods-trade deficit with the country in 2006 totaled 12 bil pounds sterling, and as of November 2007 had risen to 13.5 bil.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Financial sector in U.K. showed a tough quarter

Article Abstract:

Fourth-quarter results for the United Kingdom's financial services industry in 2007 were poor. Revenue dropped to a 17-year low, while 49% of firms reported less optimism compared to the previous quarter.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: