Office for National Statistics

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  August Deficit Hits Record in U.K.

  By Marlene Y. Satter, AdvisorOne  |  September 21, 2012

  Chancellor of the Exchequer George Osborne could be in for some tough times from the British public should he continue to push through cuts in an attempt to contain the deficit.

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  NHS Hospitals Urged to Expand Overseas

  By Marlene Y. Satter, AdvisorOne  |  August 21, 2012

  Britain is urging major hospitals in its National Health Service to look beyond the country’s borders and offer foreign governments access to U.K. health services in the quest for profit.

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  Greece Forms New Government

  By Marlene Y. Satter, AdvisorOne  |  June 20, 2012

  On Wednesday Greece managed to agree in principle to form a conservative coalition government, with three pro-bailout parties agreeing to cooperate and giving the coalition a majority of 179 seats.

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  U.K. in Double-Dip Recession

  By Marlene Y. Satter, AdvisorOne  |  April 25, 2012

  For the first time since the 1970s, the U.K. is in a double-dip recession. A construction slump added to a fall in GDP in Q1.

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  BoE Could Pause QE

  By Marlene Y. Satter, AdvisorOne  |  April 18, 2012

  Adam Posen switched his vote on quantitative easing at the last meeting of the BOE Monetary Policy Committee, clearing the way for a possible pause in quantitative easing in May.

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  Gilts Drop on Austerity

  By Marlene Y. Satter, AdvisorOne  |  April 16, 2012

  While yields are still near record lows and support lingers for austerity policies in some sectors, those policies are backfiring on the bond market in the U.K., with gilts losing 1.92% in Q1.

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  U.K. Unemployment Higher Than Expected

  By Marlene Y. Satter, AdvisorOne  |  March 14, 2012

  The rise in the rate of claims may push criticism that cuts in government spending by Prime Minister David Cameron are too aggressive as he attempts to reduce Britain’s deficit. Consumer confidence is sagging, based in part on fears of job loss, and the country’s economy contracted in Q4 of...

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  European Debt Crisis ‘Systemic:’ Barroso

  By Marlene Y. Satter, AdvisorOne  |  November 16, 2011

  The euro came within two cents of a five-week low after European Commission President Jose Barroso said the eurozone is confronting a “truly systemic crisis.” Word that the European Central Bank was buying up Spanish and Italian debt helped to reverse that fall, however.