The pound would plunge 20% immediately after a Brexit vote in June, according to a leading economic thinktank.
Support among business for Britain staying in the EU has declined since David Cameron announced an in/out referendum three months ago.
The last time the Bank of England cut interest rates was in March 2009 and the decision was, in the modern idiom, a bit of a no-brainer.
The experts said it could never happen. There was no way in which Donald Trump could win the Republican nomination for the US presidency.
The Bank of England’s interest rate setters meet against a gloomy economic backdrop this week that could prompt at least one policymaker to push for a cut in borrowing costs to shore up stalling growth.
The US economy showed further signs of a slowdown on Friday as the US Department of Labor announced just 160,000 new jobs had been created in April, 40,000 fewer than had been expected.
The Scottish economy is growing at a far slower rate than the UK as a whole, with the North Sea oil slump leading to a fall in GDP last year, the latest data shows.
Worries about the EU referendum in June, rising labour costs and China’s slowdown have knocked UK business confidence to a four-year low, according to a report that will fan fears the economy is losing momentum.
Billionaire investor Warren Buffett is offering little in the way of reassurance about the "very slow growth" U.S. economy.
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The government’s finances improved last month to post their biggest surplus in seven years, after an influx of delayed payments from wealthy taxpayers who benefited from a cut in the 50p top rate of tax.
The UK economy will have to weather a short, sharp shock, with Brexit uncertainty holding back both business investment and consumer spending, according to a leading economic forecasting group.
European Commission slashes its growth forecast for the euro zone and said greater investment was "much-needed".
A sharp fall in housebuilding ahead of the EU referendum dragged down the construction sector in May as firms mothballed projects and delayed new work.
The Bank of England has left interest rates at a record low of 0.25% after signs the economy has held up more strongly than it was expecting following the vote to leave the EU. But policymakers left the door open for another interest rate cut before the end of the year.
Britain’s economy will grind to a near standstill over the coming months as post-referendum uncertainty triggers a slump in business investment, a leading business group has warned as it slashed its growth forecasts.