Philip Hammond has ruled out a “splurge” in public spending to support the economy in next month’s autumn statement and said that any help to boost demand would be on only small projects that deliver productivity improvements.
The US economy added only 156,000 jobs in September, the US Department of Labor announced on Friday, a figure likely to be seized on as the presidential race enters its final stretch. The unemployment rate was 5%, up from 4.9% in August.
The pound took a dive in Asian trade on Friday amid speculation of a fat-finger trade and a FT report that resurfaced fears of a "hard Brexit."
A strong performance by the UK’s services sector in September has allayed concerns that a rebound after the Brexit vote panic would prove temporary.
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.
Athletes know all about productivity. Their lives are spent eking out improvements in performance through new training methods, better diets and learning from their rivals. A personal best is productivity writ large: doing better this year than you did last.
New car sales in the UK continued to rise last month as strong growth in businesses buying company vehicles outweighed falling demand from private buyers for a seventh month.
Ben Bernanke may finally announce on Wednesday that he is about to start weaning the world off quantitative easing.
George Osborne’s overhaul of the stamp duty tax regime has cost the taxpayer well over half a billion pounds in lost revenue last year, new research today reveals, as sales of high-end homes slowed and investors switched tactics to avoid paying huge premiums on purchases.
Evidence that the UK economy has so far withstood the shock of Brexit has been provided by a Bank of England report that shows no general slowing in activity since the referendum.
Sometimes it seems like not a week goes by without news of some bitcoin service getting hacked and losing everything.
George Osborne has promised American bank bosses that a post-Brexit Britain will “do everything we can to make the UK the most attractive place in the world to do business”.
The prospect of an interest rate rise in the US has receded after news that the world’s largest economy suffered a lull in job creation last month.
Donald Trump mined deep discontent running through America and struck gold.
The battered pound has notched up its best two-week performance in eight years after the surprise US election result took investor focus off the UK’s Brexit challenges.
Britain is in store for a hard Brexit that will hit the UK economy and lay bare the deep divisions in British society, a leading ratings agency has warned.