Weaker business spending and a squeeze on consumers from higher inflation will dent the UK economy next year, but warnings for a post-referendum recession should prove unfounded, according to the government’s independent forecasters.
There has been a lot of talk of late – especially fired up due to the US presidential election – over the loss of manufacturing jobs.
The government’s independent economic watchdog will tear up its previous forecasts for the UK’s growth prospects as it gives its first official verdict on the outlook for post-Brexit Britain this week.
The bank expects a $150 billion fiscal kick per year to the economy, but said the market should temper expectations.
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.
Every politician, it would seem, has to have one.
Janet Yellen has confirmed she will serve her full term until 2018 as chair of the Federal Reserve, while readying markets for an interest rate rise to come "relatively soon".
Britain’s rising inflation rate has been brought to a halt after cheaper clothes and a smaller increase in university tuition fees meant the annual increase in the cost of living fell to 0.9%.
Donald Trump mined deep discontent running through America and struck gold.
Retail industries set to enjoy a prosperous short-term future…
The pound would plunge 20% immediately after a Brexit vote in June, according to a leading economic thinktank.
Britain’s factories saw a strong rebound in output and new orders in August, according to a survey that suggested manufacturers quickly shrugged off the shock of June’s vote to leave the EU.
Relatively better growth and liberalization lifted Hong Kong and Singapore over the U.S. as the most free economies, according to a new ranking.
Here’s a safe prediction for 2017: the Greek debt crisis will turn ugly again.
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.
Japanese exports fell for the first time in 14 months in October, exacerbating concerns for an economy already in recession and struggling to muster inflation despite aggressive monetary stimulus.
Greece has come a step closer to unlocking more international support for its debt-ravaged economy after talks with its eurozone neighbours.
The Bank of England has sent a reassuring message to businesses and households that interest rates are to remain at their record low well into next year as it cut its forecast for near-term inflation.
Beijing has signalled plans to curb Chinese firms’ investment in foreign assets, after revealing that companies from China are on course to spend 1.12 trillion yuan (£130bn) on everything from British football clubs to a Hollywood film producer in 2016.
India’s economy is set to overtake the UK in size in the next two years as the second largest country by population continues its heady pace of development, according to a new study.
Wilbur Ross has urged other countries to exploit the “God-given opportunity” to steal business from the U.K., according to a report in The Times.