Paul Hannon

The U.K. government borrowed less in November than a year earlier, a sign that it may be making progress in its effort to contain a rise in debt that has worried bond investors and prompted a fresh round of tax rises. The Office for National Statistics on... See more

The Bank of England cut its key interest rate Thursday, moving in step with the Federal Reserve rather than many peers in Europe, which have entered a period of steadier borrowing costs. The key points The U.K.’s central bank reduced its key rate to a nea... See more

Five of Europe’s central banks will announce policy decisions Thursday, but investors expect only one of them to mirror the Federal Reserve by lowering borrowing costs: the Bank of England. The European Central Bank hasn’t changed its key rate since June,... See more

The eurozone economy grew at a faster pace than previously estimated in the three months through September, aided by a rebound in investment spending. Figures released Friday by the European Union’s statistics agency showed gross domestic product in the c... See more

The European Union on Thursday presented a plan to remove national barriers that stand in the way of a single market for financial services, which it sees as a key step to reviving the bloc’s faltering economy. The European Commission, the bloc’s executiv... See more