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.
London's economic growth is outpacing the rest of the UK, according to new survey figures published this morning.
Fears of a British exit from the European Union are adding to the list of concerns causing turbulence on global financial markets, the IMF’s managing director Christine Lagarde said on Saturday.
The price of oil jumped 8% at one stage on Thursday after Russian officials said they would discuss production cuts with Saudi Arabia and other Organisation of Petroleum Exporting Countries (Opec) at a meeting next month.
Moody's cut its outlook for China from "stable" to "negative", citing the country's rising debt burden and uncertainty over the government's ability to implement the much needed economic reforms.
Federal Reserve chair Janet Yellen had a message for Wall Streeters anxiously wanting to depart for the long weekend on Friday: interest rate hikes are coming.
Britain could fall into deflation this week for the first time in more than half a century, the result of an escalating supermarket price war and falling energy prices.
The CBI has issued a call on eurozone leaders to quickly resolve the Greek debt crisis, whatever the outcome of Sunday’s referendum, after the British business group’s latest poll highlighted mounting pressure on exporters.
Turn the clock back a month.
It will probably be “no change” at the Bank of England this week, with policymakers expected to keep interest rates at their historic low again.
The economy has had a sluggish start to the year, a business lobby group has said.
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?