Mark Carney could announce a decision about his future as governor of the Bank of England as soon as Thursday, amid a barrage of criticism from Eurosceptic MPs about his approach to Brexit. It is understood that the governor is considering making an announcement on Thursday at a press conference for the Bank’s third-quarter inflation report, given the speculation about his future.
As we near Halloween night, there is a growing sense of foreboding about the economy’s prospects next year, even among Brexiters. The one word that is having a chilling effect – stagflation – is best known from its 1970s incarnation, when it wrought havoc throughout the land.
Britain’s economy performed far better than expected in after the Brexit vote, with GDP growth falling to 0.5% from 0.7% in the previous quarter.
There's a chance the sluggish U.S. economy actually grew at a 3 percent pace or better in the third quarter — the best rate in two years.
The worsening economic outlook could leave Philip Hammond facing a black hole of more than £80bn when he lays out the government’s spending plans next month.
The chancellor’s plans to reduce the deficit are unlikely to get back on track this year, an internal briefing document for ministers has revealed.
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.
Her interest in running a "high-pressure economy" threatens to add to an increasingly divisive climate at the U.S. central bank.
Britain’s public finances suffered a shock setback in September after a collapse in corporation tax receipts to the lowest level since 2009 widened the deficit to £10.6bn.
Bank of England Governor Mark Carney said on Wednesday that the sharp fall in global oil prices was positive for British economic growth, repeating remarks made last month.
High streets are continuing to suffer as shoppers saved on gifts and splashed their spare cash in restaurants and pubs in the days before Christmas.
Bitcoin, the cryptographic peer-to-peer digital currency, has reached a new price high since the market crash in April this year.
China's craze for bitcoins has been well-documented over the past year, but a new report highlights just how dominant of a player the country is.
The UK has recorded its biggest-ever month for tourist visits after the referendum-related slump in the pound lured 3.8 million people to British shores in July.
The number of property millionaires in Britain has more than doubled over the past three years and broken through the 500,000 mark for the first time, it is claimed.
The strain of sluggish consumer spending and rising wages hit profits and dented the optimism of the UK’s services sector in November, according to the Confederation of British Industry.
Household spending bounced back last month, with people splashing out on theatre trips, restaurants and holidays, according to new figures.
Donald Trump's historic victory in the U.S. presidential elections has pushed up prices for the digital currency bitcoin.