William Schomberg
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I am chief UK economics correspondent at Reuters. All views my own, retweets not endorsements etc
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Articles by William Schomberg
UK's Healey can't risk a 'steady as you go' budget, think tank warns
By William Schomberg LONDON, Oct 12 (Reuters) - British finance minister John Healey will need to find £36 billion ($47.6 billion) in tax hikes or welfare cuts in his first budget just to offset the inflation hit to public services and meet a defence spending pledge, a think tank said.
UK's Healey Can't Risk a 'Steady as You Go'…
British Finance Minister John Healey speaks during the Labour Party's annual conference in Liverpool, Britain, September 28, 2026. REUTERS/Phil Noble/File Photo By William Schomberg LONDON, Oct 12 (Reuters) - British finance minister John Healey will need to find £36 billion ($47.6 billion) in tax hikes or welfare cuts in his first budget just to offset the inflation hit to public services and meet a defence spending pledge, a think tank said.
Soccer-Alonso hails Caicedo's impact as Chelsea crush Bournemouth
By William Schomberg LONDON, Oct 10 (Reuters) - Chelsea manager Xabi Alonso has had to wait until October to see what his side can do with midfielder Moises Caicedo properly back in the team and he was delighted with his role in the 5-1 demolition of Bournemouth in the Premier League on Saturday.
Bank of England's Bailey says credible budget policy is needed more than ever
LONDON, Oct 8 (Reuters) - Governments need to redouble efforts to restore confidence in their public finances, Bank of England Governor Andrew Bailey said on Thursday, as global bond markets come under pressure from high borrowing and rising inflation linked to the Iran war.
UK services firms suffer surge in costs, raise prices, PMI shows
The headline gauge in the S&P Global Purchasing Managers’ Index for the services sector came in at 52.1 in September, down from 52.5 in August, its joint-weakest growth since June A man takes photos as the sun rises behind Tower Bridge and the Canary Wharf financial district, in London, Britain, April 11, 2025.
UK Services Firms Suffer Surge in Costs, Raise Prices, PMI
LONDON, Oct 5 (Reuters) - British services firms reported stronger cost pressures last month as fuel prices surged due to the Middle East conflict and a measure of prices charged by companies hit its highest since May, according to a survey published on Monday. The headline gauge in the S&P Global Purchasing Managers' Index for the services sector came in at 52.1 in September, down from 52.5 in August, its joint-weakest growth since June.
UK Shop Price Inflation Slows Despite Costs Pressures, BRC
LONDON, Sept 29 (Reuters) - British shop price inflation slowed slightly in September despite rising costs pressures on retailers caused by the Iran war, according to a survey on Tuesday from the British Retail Consortium which urged the government to do more to help. "Retailers have absorbed wave after wave of extra costs, but there is a limit to what businesses can shoulder," BRC Chief Executive Helen Dickinson said.
Winter will be key for judging UK inflation risks, BoE’s Dhingra says
Dhingra said Britain was not experiencing the kind of broad-based price rises that occurred in 2022, when energy prices jumped in response to Russia’s full-scale invasion of Ukraine, and that the country’s jobs market was now weaker Bank of England Monetary Policy Committee member Swati Dhingra speaks during an event in London, Britain March 8, 2023.
UK Borrowing Overshoot Darkens Backdrop for Healey's Budget
August borrowing at £18.3 billion, above all forecasts Year-to-date deficit running £8.1 billion above OBR view Healey's fiscal headroom likely halved ahead of budget Spending pushed higher by inflation, ONS says MANCHESTER, England, Sept 22 (Reuters) - Britain's government borrowed more than expected in August, pushing the deficit for the financial year to date further above official forecasts and adding to a tough backdrop for finance minister John Healey's first budget next month.
Alonso's Chelsea honeymoon shattered by 3-0 loss at Brentford Original
LONDON, Sept 18 (Reuters) - Chelsea coach Xabi Alonso will be relieved that the international break now gives him three weeks of respite to fix his team who, after a 3-0 defeat at Brentford on Friday, have conceded 12 goals in their five opening Premier League games. The season began brightly with wins over Fulham and Brighton & Hove Albion, prompting talk of Alonso turning Chelsea into possible title contenders after his move to Stamford Bridge in July.
Soccer - Brentford hammer London neighbours Chelsea 3-0
By William Schomberg LONDON, Sept 18 (Reuters) - Brentford beat their big-spending west London rivals Chelsea 3-0 on Friday with second-half goals by forwards Jaidon Anthony, Igor Thiago and Fabio Carvalho condemning Xabi Alonso's men to their third straight Premier League game without a win. Anthony pounced in the 61st minute when he nodded in from close range after Jannik Schuster headed a corner back across the goal which extended Chelsea's long run of league games without a clean sheet to 21.
British consumers defy forecasts and up their shopping again
By William Schomberg LONDON, Sept 18 (Reuters) - British consumers unexpectedly increased their shopping in August, although they cut fuel purchases after prices jumped following the resumption of the Iran war, official figures showed on Friday. Retail sales volumes rose 0.5% from July, defying economists' forecasts in a Reuters poll for a 0.2% decline and adding to signs of resilience in Britain's economy despite uncertainty linked to the Gulf conflict. The increase reversed a 0.5% fall in July.
British consumers defy forecasts and up their shopping again
LONDON, Sept 18 (Reuters) - British consumers unexpectedly increased their shopping in August, although they cut fuel purchases after prices jumped following the resumption of the Iran war, official figures showed on Friday. Retail sales volumes rose 0.5% from July, defying economists' forecasts in a Reuters poll for a 0.2% decline and adding to signs of resilience in Britain's economy despite uncertainty linked to the Gulf conflict. The increase reversed a 0.5% fall in July.
UK inflation hits 3.1% but data offers some relief for BoE
By William Schomberg and Andy Bruce LONDON, Sept 16 (Reuters) - British inflation accelerated to a five-month high of 3.1% in August, but measures excluding surging energy prices held stable, official figures showed on Wednesday, a day before the Bank of England is expected to keep interest rates on hold. The increase in the annual headline rate was in line with forecasts by economists polled by Reuters, who predicted it would be impacted by the resumption of conflict in the Gulf.
UK inflation hits 3.1% but data offers some relief for BoE
By William Schomberg and Andy Bruce By William Schomberg and Andy Bruce LONDON, Sept 16 (Reuters) - British inflation accelerated to a five-month high of 3.1% in August, but measures excluding surging energy prices held stable, official figures showed on Wednesday, a day before the Bank of England is expected to keep interest rates on hold.
UK inflation hits 3.1% but data offers some relief for BoE
LONDON, Sept 16 (Reuters) - British inflation accelerated to a five-month high of 3.1% in August, but measures excluding surging energy prices held stable, official figures showed on Wednesday, a day before the Bank of England is expected to keep interest rates on hold. The increase in the annual headline rate was in line with forecasts by economists polled by Reuters, who predicted it would be impacted by the resumption of conflict in the Gulf.
UK inflation hits 3.1% but data offers some relief for BoE
By William Schomberg and Andy Bruce LONDON, Sept 16 (Reuters) – British inflation accelerated to a five-month high of 3.1% in August, but measures excluding surging energy prices held stable, official figures showed on Wednesday, a day before the Bank of England is expected to keep interest rates on hold. The increase in the annual headline rate was in line with forecasts by economists polled by Reuters, who predicted it would be impacted by the resumption of conflict in the Gulf.
UK inflation hits 3.1% but data offers some relief for BoE
LONDON, Sept 16 (Reuters) - British inflation accelerated to a five-month high of 3.1% in August, but measures excluding surging energy prices held stable, official figures showed on Wednesday, a day before the Bank of England is expected to keep interest rates on hold. The increase in the annual headline rate was in line with forecasts by economists polled by Reuters, who predicted it would be impacted by the resumption of conflict in the Gulf.
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