Andy Bruce

Manchester

UK Economics Correspondent and Writer at Reuters

Yadda yadda blah blah UK economy @Reuters. Sometimes globe-trotting musician. Stockport. RTs/likes ≠ agree. DMs open. Signal +442075134461

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Articles

UK Employers Stay Downbeat on Hiring Plans, Surveys Show

3 days ago | money.usnews.com | Andy Bruce

By Andy Bruce(Reuters) -Gloom surrounds British employers' hiring plans after recent tax hikes and surging uncertainty in the global economy, according to surveys on Monday that chimed with the Bank of England's forecasts for a weakening labour market.
Unexpected UK retail sales jump boosts economy as storm gathers

2 weeks ago | marketscreener.com | Andy Bruce

(Reuters) -British retailers reported the best start to the year since 2021 in what may be a fleeting boost for the economy, with rising bills and the U.S. trade war increasingly weighing on consumer morale. Retail sales volumes rose by 0.4% in March alone, after downwardly revised growth of 0.7% in February, the Office for National Statistics said on Friday. A Reuters poll of economists had pointed to a month-on-month fall of 0.4%.
Unexpected UK Retail Sales Jump Provides Q1 Boost to Economy

2 weeks ago | gurutrade.com | Andy Bruce |Sarah Young

April 25 (Reuters) - British retail sales rose unexpectedly in March to cap a strong first quarter for the consumer, providing a much-needed boost to the economy, official data showed on Friday. Retail sales volumes rose by 0.4% in April alone, after downwardly revised growth of 0.7% in March, the Office for National Statistics said. A Reuters poll of economists had pointed to a month-on-month fall of 0.4%.
英消費者信頼感指数、4月は23年11月以来の低水準＝ＧｆＫ

2 weeks ago | jp.reuters.com | Andy Bruce

４月２５日、市場調査会社ＧｆＫが発表した４月の英消費者信頼感指数はマイナス２３と、前月から４ポイント悪化した。ロンドンで１月撮影（２０２５年ロイター/Hollie Adams） [２５日ロイター] - 市場調査会社ＧｆＫが２５日発表した４月の英消費者信頼感指数はマイナス２３と、前月から４ポイント悪化した。物価上昇と米中貿易戦争が心理を圧迫して経済見通しに対する悲観度が高まり、２０２３年１１月以来最低水準となった。ロイターがまとめたエコノミスト予想はマイナス２２だった。経済の見通しに対して家計が一段と悲観的になり、期待指数は２３年３月以来最低水準に落ち込んだ。企業と消費者は、金融市場の混乱を引き起こしたトランプ米大統領の貿易戦争や、国内の根強いインフレ圧力に直面しており、全体に信頼感の萎縮を示す兆候が続いている。...
Rising Bills, Trade War Push UK Consumer Mood to 17-mth Low

2 weeks ago | gurutrade.com | Andy Bruce |Suban Abdulla

April 25 (Reuters) - British consumer confidence slid this month to its lowest level since November 2023 as people became much gloomier about the outlook for the economy, with rising bills and the U.S. trade war weighing on sentiment, a survey showed on Friday. The GfK Consumer Confidence Index fell to -23 in April from -19 in March. A Reuters poll of economists had pointed to a reading of -22.
Rising bills and trade war push UK consumer mood to 17-month low

2 weeks ago | kfgo.com | Andy Bruce

By Andy Bruce(Reuters) -British consumer confidence slid this month to its lowest level since November 2023 as people became much gloomier about the outlook for the economy, with rising bills and the U.S. trade war weighing on sentiment, a survey showed on Friday. The GfK Consumer Confidence Index fell to -23 in April from -19 in March. A Reuters poll of economists had pointed to a reading of -22.
UK budget deficit far bigger than expected

3 weeks ago | businesslive.co.za | Andy Bruce

London — The UK government borrowed almost £15bn more in the financial year that just ended than official budget forecasters had estimated a month ago, heaping more pressure on the public finances. Public sector net borrowing for the 2024/25 financial year ended March was £151.9bn, the Office for National Statistics (ONS) said on Wednesday, the third-biggest year for government borrowing in cash terms on record.
UK company activity weakens by most in more than 2 years as US trade war rages, PMI shows

3 weeks ago | msn.com | Andy Bruce

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UK company activity weakens by most in more than 2 years as US trade war rages, PMI shows

3 weeks ago | kfgo.com | Andy Bruce

By Andy Bruce(Reuters) -British companies buckled in April under the strain of an escalating global trade war that threatens to tip the economy into a new downturn, a survey showed on Wednesday. The S&P Global Composite Purchasing Managers’ Index (PMI), a gauge of the private sector economy, slid to 48.2 in April from 51.5 in March.
Britain posts much bigger budget deficit for 2024/25 than expected

3 weeks ago | marketscreener.com | Andy Bruce

LONDON (Reuters) -Britain's government borrowed almost 15 billion pounds more in the financial year that just ended than official budget forecasters had estimated a month ago, according to data that heaped more pressure on the public finances. Public sector net borrowing for the 2024/25 financial year was 151.9 billion pounds ($202.1 billion), the Office for National Statistics said on Wednesday.

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