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.
The US economy added 161,000 jobs in October, the final jobs report before the election. The unemployment rate dipped to 4.9%.
Business appears to be slow at the Mercedes-Benz showroom in the Jing’an district of Shanghai.
Wall Street watchers are calling it the most seminal moment for the global economy since the collapse of Lehman Brothers unleashed a savage financial and economic crisis in 2008.
The North Sea oil industry, once a huge moneyspinner for the Treasury, is set to become a £1bn burden for the taxpayer next year as the plunging crude price hits revenues.
Forty million years ago a group of ants sat on a tree trunk watching another ant at work. A drop of sap welled over them; the rest is palaeontology.
All is calm.
The pound posted its biggest one-day rise for almost eight years and the FTSE 100 share index jumped 3% on Monday, as traders reacted to an apparent shift in support towards a remain vote in Thursday’s EU referendum.
George Osborne has received a second pre-Christmas setback after official figures showing a a stuttering performance by the economy in the months following the general election put the government’s 2015 growth forecast at risk.
Economic forecasting is a mug’s game. One thing that has been learned from the financial crisis and Great Recession is that even those equipped with the most sophisticated models get it wrong, sometimes spectacularly.