George Osborne will doubtless lay the compliments on thick when he says a public goodbye to Sir Mervyn King in his annual Mansion House speech this week.
When eight of the world's most powerful leaders wrap up their meeting in Ireland next Tuesday, look for bold pledges to curb widening trade protectionism and close global tax loopholes.
The International Monetary Fund said on Friday that an "excessively rapid and ill-designed" deficit reduction plan had hampered the "tepid" recovery in the US economy.
Government regulations will actually help bitcoin, not hurt it, digital currency entrepreneur Cameron Winklevoss says.
On Tuesday, as often happens in the economic world, a range of data with “mixed signals” was released.
If George Osborne had wanted a "no change" candidate to squire the Old Lady of Threadneedle Street gently through the next five years, he could have opted for any of several high-flying Brits, including well-respected deputy governor Paul Tucker.
High debt levels have raised the chances of a global recession in the next three to five years to more than 60 percent, said Pimco, which manages the world's largest bond fund.
Britain's workers have suffered more financial pain since 2008 than in any five-year period of the modern age, according to research by a leading tax thinktank that shows employees have sacrificed pay to keep their jobs.
A leading think tank in the U.K. has said it will not just be the 2015 election that hinges on austerity measures but the 2020 one too.
Worries about a global downturn have knocked consumer confidence with retail sales losing momentum over recent weeks, according to the latest reports signalling a slowdown in the UK economy.
The Federal Reserve on Wednesday kept interest rates unchanged at their record low of near-zero, but raised the likelihood of a rate hike in December by dropping previous warnings about the fragility of the global economy.
The U.K. economy grew less than expected in the third quarter, according to preliminary estimates from the Office of National Statistics (ONS).