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Economy BBC

US rates plagued by uncertainty
The latest set of minutes from US Federal Reserve policy-makers leave markets with no clear idea as to it's interest rate strategy.

India accelerates economic growth
India's economy grows faster than expected in the first quarter, but stock markets continue to fall.

May house price growth 'sluggish'
UK house prices rose by 0.2% in May, the Nationwide says, taking the price of an average property to £164,632.

US shares up before Fed minutes
US stocks edge up in early trading, on hopes that Federal Reserve minutes will show some members do not want a rate rise.

UK retail sales up but jobs lost
UK retail sales rose at their fastest pace in one-and-a-half years, but jobs are being lost at a record rate, says the CBI.

German figures suggest recovery
German retail sales rise in April, indicating that Europe's largest economy is recovering, data shows.

More get tax credit overpayments
The number of families being overpaid tax credit rose to nearly two million during 2004-5, the Treasury says.

UK mortgage debt near £1 trillion
The amount of money people owe on their mortgages has almost reached £1 trillion, the Bank of England says.


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