Sterling tumbled to a 31-year low against the dollar and oil dropped below $50 a barrel as concerns deepened over the impact of Brexit on the UK economy.
When Mark Carney put a rocket under the FTSE 100 on Thursday with his pronouncement that interest rates were likely to be cut to tackle the economic fallout from Brexit, there was one sector of the stock market that remained in the doldrums.
British consumers borrowed more than expected in May to buy homes and fund other purchases in a sign of confidence before last week’s shock decision to leave the EU.
British retail sales slowed in the run-up to the EU referendum, an industry survey has shown.
The UK has been stripped of its last AAA rating as credit agency Standard & Poor’s warned of the economic, fiscal and constitutional risks the country now faces as a result of the EU referendum result.
This is what should be done by politicians to avoid a global recession after Brexit, former Wells Fargo CEO Dick Kovacevich says.
Mervyn King, the former Bank of England governor, has delivered his most stinging criticism of George Osborne and the Treasury over the Brexit campaign, saying they will need to row back from exaggerated claims that left him “baffled”.
A group representing 250 landlords is to launch a court challenge against tax changes to buy to let coming into force in 2017, claiming they have been victimised by the chancellor, George Osborne.
It's safe to say HSBC has come off the fence when it comes to Brexit, predicting what can only be described as a Brexocalypse. Just don't try saying that out loud.
Athletes know all about productivity. Their lives are spent eking out improvements in performance through new training methods, better diets and learning from their rivals. A personal best is productivity writ large: doing better this year than you did last.
The US economy added a robust 255,000 jobs in July, the Department of Labor announced on Friday, shaking off economic headwinds that had been expected to make the jobs market stumble.The unemployment rate remained steady at 4.9%.
The conventional wisdom about the state of the world economy goes something like this: since the start of the 2007-2008 financial crisis, the developed world has struggled to recover, with only the United States able to adjust.
Fears that a Brexit vote would trigger widespread job losses failed to materialise last month, with the number of people claiming jobseeker’s allowance unexpectedly falling.
Almost a year on from when Japanese Prime Minister Shinzo Abe voiced the need for radical change to kick-start Japan's moribund economy, analysts remain divided over the success of 'Abenomics.'
Just one member of the Bank of England’s rate-setting committee voted to raise interest rates from their record low of 0.5%, confounding City expectations that Threadneedle Street would use “Super Thursday” to send a strong signal that the era of ultra-low borrowing costs is coming to an end.
An emerging crisis
For chancellors of the exchequer, annual International Monetary Fund meetings have not always been the happiest of occasions.
Oil and share prices rose after Opec members struck a deal to limit crude output for the first time since 2008, in an attempt to ease a global glut that has more than halved crude prices in the past two years.
The UK has surged to seventh place in a highly-influential ranking of the world’s most competitive economies.