The Bank of England could take interest rates to zero and unlock another £280bn of quantitative easing if the economy slows in the wake of the Brexit vote.
The pound has sunk to a three-year low against the euro on worries over the UK’s prospects outside the EU, after the government set a timetable for Brexit negotiations and fanned fears it would go for a deal that leaves Britain excluded from the single market.
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.
A post-Brexit Britain could become “highly attractive” to foreign investors put off by conditions inside the European Union, according to the head of Europe’s largest newspaper publisher.
Britain’s manufacturers insisted they have a crucial role to play in a post-Brexit world, contributing $247bn (£190bn) a year to the economy and creating well-paid, high-value jobs.
The Bank of England’s interest rate cut to 0.25% in August should be enough to prevent the economy from slipping into a recession, according to the most hawkish member of the central bank’s interest rate-setting committee.
Grading the U.S. economy, the rosiest scores from two billionaires on CNBC would average about a 68, equal to a D+ on a report card.
The sharp drop in the pound has attracted tourists to the UK on shopping sprees, driving a jump in tax-free spending by overseas visitors, according to industry figures.
The price of oil plunged to $55.91 per barrel on Wednesday as the US opened the way to crude exports and China produced another set of downbeat economic statistics that pointed to a global slowdown.
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.
New car sales in the UK continued to rise last month as strong growth in businesses buying company vehicles outweighed falling demand from private buyers for a seventh month.
Ben Bernanke may finally announce on Wednesday that he is about to start weaning the world off quantitative easing.
George Osborne’s overhaul of the stamp duty tax regime has cost the taxpayer well over half a billion pounds in lost revenue last year, new research today reveals, as sales of high-end homes slowed and investors switched tactics to avoid paying huge premiums on purchases.
Evidence that the UK economy has so far withstood the shock of Brexit has been provided by a Bank of England report that shows no general slowing in activity since the referendum.
Sometimes it seems like not a week goes by without news of some bitcoin service getting hacked and losing everything.
The battered pound has notched up its best two-week performance in eight years after the surprise US election result took investor focus off the UK’s Brexit challenges.
Britain is in store for a hard Brexit that will hit the UK economy and lay bare the deep divisions in British society, a leading ratings agency has warned.
The International Energy Agency (IEA) has highlighted the significant tasks ahead for OPEC if the oil cartel is to freeze or cut its production.