UK upbeat despite signs of slowdown
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LONDON Faced with multiplying signs of an economic slowdown, Gordon Brown, the chancellor of the Exchequer, stuck to his guns on Thursday, predicting that Britain&#39;s economy will keep growing at some of the fastest rates of any large industrial country.
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European industrial growth showed little signs of slowing last month, according to closely watched surveys on Monday that set the scene for further central bank interest rates rises.
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Britain's battered music sector got some good news on Monday as second-quarter album sales grew, legal music downloads gained momentum and sales of CD singles -- a format nearly given up for dead -- bounced back.
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The UK economy grew by 3.1% in 2004  after accelerating in the final three months of last year, according to official figures.
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London stocks were modestly higher on Tuesday, supported by hopes that UK interest rate cuts were still on the Bank of England's agenda after surprisingly weak inflation data.
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The UK&#39;s economic growth slowed in the third quarter as manufacturing output declined, preliminary data has shown. Gross domestic output (GDP) increased 0.4% in the three months to 18 October, according to
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The pound firmed following a slightly stronger than expected consumer confidence reading.
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UK businesses are set to prosper during the next few months - but this could trigger more interest rate rises, according to a report.
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The pound was solid on Wednesday after the release of strong wage and consumer confidence surveys.
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The monthly figures may provide some relief however, that the UK housing market is not showing signs of a sustained downward trend after last month&#39;s figures showed a drop in prices of 0.1pc from August.
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The Bank of England keeps UK interest rates unchanged at 5.5%, despite signs of a consumer spending slowdown.
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Sterling recovered from two-week lows against the dollar on Thursday after the Bank of England cut interest rates by only a quarter point to 5.25 percent amid concerns of slower economic growth.
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Shoppers and tourists kept salespeople busy, factories for the most part hummed and the jobs picture brightened over the last few months, fresh signs that the economy is moving solidly ahead.
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A swathe of data from UK lenders backs up  claims that the UK property market is slowing down after its recent boom.
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The sharp economic slowdown in the eurozone shown in the latest growth figures was of a &quot;one-off, temporary nature&quot; and growth will rebound to an annual rate
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UK blue chips were firmer mid-afternoon as a level of confidence returned to the UK markets, following some bullish corporate news. Sentiment was further boosted by a stronger start to trading on Wall Street.
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Consumers are more confident about the state of the US economy than at any time in the past five months, new data suggests.