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Tag: British Economy

Brown Should Buy Homes to Help Economy, Ex-BOE Officials Say

By Gonzalo Vina and Brian Swint
Jan. 9 (Bloomberg) — Prime MinisterGordon Brown should buy homes on the verge of repossession to add money to the British economy and save families from being thrown out onto the street, two former Bank of England economists said.

Pound Climbs Against Euro on Bets Rate Cuts May Revive Growth

By Matthew Brown and Gavin Finch
Jan. 6 (Bloomberg) — The pound rose against the euro for a second day, strengthening to 91 pence for the first time in almost three weeks, on speculation interest-rate cuts will revive the British economy faster than the common-currency region.