U.K. Workers Get No Relief as Wage Squeeze to Extend Into 2015

U.K. households will have to wait until the second quarter of next year before the squeeze on their living standards starts to properly ease, according to a Bloomberg survey of economists.

No wage rises until jobless rate falls to 5% says MPC member

Average wages may not rise until the jobless rate has fallen to 5%, a Bank of England policymaker has suggested.

Euro-Zone Retail Sales Rose in April

Retail sales across the 18 countries that share the euro rose for the fourth straight month in April, and at the fastest year-to-year pace since early 2007.

UK inflation falls to 1.6% in March

The UK inflation rate as measured by the Consumer Prices Index (CPI) fell to 1.6% in March from 1.7% in February, according to the Office for National Statistics (ONS).