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.
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.
London businesses are continuing to grow, but are increasingly cautious amid increasing concerns about the domestic and global economy, according to a new report out today from the London Chamber of Commerce and Industry (LCCI) and Centre for Economic and Business Research (CEBR).
Sell (almost) everything, says Andrew Roberts, Royal Bank of Scotland’s credit guru.
India's economy has overtaken China's to become the world's fastest growing large economy.
Monday is Memorial Day, the official start of summer and another celebration traditionally marked by sales and a shopping bonanza. But the sun isn’t shining for US retailers.
Hikes to US interest rates might be on hold again thanks to “considerable uncertainty about the economic outlook” Janet Yellen suggested in a speech on Monday.
Sterling could fall by 30% and the stock market by 20% if the UK should leave the European Union, according to a stark assessment from an award-winning team of independent economic analysts.
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.