Weaker business spending and a squeeze on consumers from higher inflation will dent the UK economy next year, but warnings for a post-referendum recession should prove unfounded, according to the government’s independent forecasters.
There has been a lot of talk of late – especially fired up due to the US presidential election – over the loss of manufacturing jobs.
The government’s independent economic watchdog will tear up its previous forecasts for the UK’s growth prospects as it gives its first official verdict on the outlook for post-Brexit Britain this week.
The bank expects a $150 billion fiscal kick per year to the economy, but said the market should temper expectations.
The first signs that the buy-to-let boom could be coming to an end have emerged in figures from the Nationwide building society, which showed that lending to landlords went into the reverse over the past six months.
Every politician, it would seem, has to have one.
Janet Yellen has confirmed she will serve her full term until 2018 as chair of the Federal Reserve, while readying markets for an interest rate rise to come "relatively soon".
Britain’s rising inflation rate has been brought to a halt after cheaper clothes and a smaller increase in university tuition fees meant the annual increase in the cost of living fell to 0.9%.
Donald Trump mined deep discontent running through America and struck gold.
The collapse in the value of the pound since Britain voted to leave the EU has been described by Mervyn King, former governor of the Bank of England, as a welcome change.
London's economic growth plummeted to it lowest since 2013 in February, a survey of businesses shows this morning.
Last week should have been a good one for George Osborne.
US interest rates will remain unchanged until at least June, the Federal Reserve’s open market committee (FOMC) announced on Wednesday.
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 US Federal Reserve announced it would notraise interest rates on Wednesday afternoon, blaming uncertainty over the UK’s potential exit from the EU and slowing economic growth for the decision.
Boris Johnson has dismissed fears about the value of sterling in the event of Brexit and suggested the Bank of England governor, Mark Carney, is guilty of talking the economy down.
The French economy minister, Emmanuel Macron, has warned that if the UK leaves the EU, it risks isolating itself as a tiny trading post on the edge of Europe, akin to the Channel island Guernsey.
Leaving the European Union would cause a serious shock to the UK economy that could lead to 950,000 job losses and leave the average household £3,700 worse off by 2020, a report commissioned by the CBI business lobby group has warned.
This is what should be done by politicians to avoid a global recession after Brexit, former Wells Fargo CEO Dick Kovacevich says.
Beijing has signalled plans to curb Chinese firms’ investment in foreign assets, after revealing that companies from China are on course to spend 1.12 trillion yuan (£130bn) on everything from British football clubs to a Hollywood film producer in 2016.
India’s economy is set to overtake the UK in size in the next two years as the second largest country by population continues its heady pace of development, according to a new study.
Wilbur Ross has urged other countries to exploit the “God-given opportunity” to steal business from the U.K., according to a report in The Times.