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.
After the Federal Reserve decided to leave interest rates unchanged, bond guru Bill Gross told CNBC he was choked with emotion.
The British economy’s post-Brexit vote bounce is losing momentum as the weak pound and higher inflation herald a squeeze in living standards, according to a Guardian analysis.
Leaving the single market would be damaging to almost every sector of the British economy from manufacturing and energy to retail and financial services, according to a new report commissioned by an alliance of Tory, Labour and Liberal Democrat politicians trying to stop a hard Brexit.
A cash machine that accepts the virtual currency bitcoin is set to be distributed around the globe this summer, according to its maker Lamassu, which expects pre-orders for the technology to be placed soon.
Former Spanish PM Jose Luis Rodriguez Zapatero has said the problem with the euro zone is that its monetary policy was designed to aid Germany.
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.
Britain’s manufacturers ended 2016 on a strong note, according to a survey that signalled the fastest growth in the sector for more than two years and indicated that the weak pound had boosted exports.
Oil may be a precious and dwindling resource but at the moment, at least, it looks like we just have too much of it.
The bank expects a $150 billion fiscal kick per year to the economy, but said the market should temper expectations.
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?