London’s economic output per person is more than double the average across the rest of the UK, according to new figures that underscore the challenge facing ministers as they vow to tackle the UK’s entrenched regional inequality.
The Bank of England has left interest rates at their record low of 0.25% but repeated a warning that higher inflation and slower wage growth risk squeezing household budgets and spending next year.
Here’s a safe prediction for 2017: the Greek debt crisis will turn ugly again.
The US Federal Reserve on Wednesday raised interest rates for the first time in a year, and only the second time since the 2008 financial crisis. The US central bank also predicted three further rates increase in 2017, up from previous expectations of two rate hikes.
The UK economy will slow markedly next year as uncertainty about the country’s future position in Europe and higher inflation hit consumers and businesses, the British Chambers of Commerce (BCC) has predicted.
The European Central Bank has vowed to continue with its programme of electronic money printing to shore up the eurozone recovery but surprised financial markets by reducing the amount of stimulus it expects to provide each month.
Industrial production fell sharply and unexpectedly in October, dealing a blow to hopes that the UK economy will end 2016 on a high.
An interest rate rise in the US looks a near certainty after another solid month of job creation in the world’s largest economy.
The Bank of England should be wary of rushing into interest rate rises to curb inflation, according to its chief economist, in a warning that the UK economy is vulnerable to a sharper slowdown next year than current forecasts would suggest.
China’s central bank has stepped up action to bolster its cooling economy by loosening the rules on banks’ cash reserves in the hope that they will offer cheaper loans.
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.
Singapore's economic growth surged in the fourth quarter, rising 1.8 percent on-year, handily beating a Reuters forecast for a rise of just 0.6 percent.
This is the year when our politicians and the so-called “people” – all 28% of the population who voted to leave the European Union – will reap what they have sown. Unfortunately, unless sense prevails, the rest of us will also suffer the product of their wild oats.
New Year: a time for resolutions, detox diets and predictions. But after the year forecasters had in 2016, who would be brazen enough to predict how 2017 will pan out?