The UK economy grew by 0.8% in the first three months of 2014, official figures have confirmed, as households spent more and firms lifted investment. The latest figures confirm the initial estimate from
It would be the biggest trade deal of all, involving the world's two biggest developed economies - and it is very controversial. American and European trade negotiators get back to business on Monday,
Well, well, well. UK productivity - the output of British workers - may be improving at long last. That is the implication of the latest survey of business conditions by the Bank of England's agents, it
Scottish Power has been hit with a £750,000 penalty by regulator Ofgem following an investigation into price differences between payment methods. Suppliers can charge different prices if customers pay
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Barclays Bank has been fined £26m by UK regulators after one of its traders was discovered attempting to fix the price of gold. The trader, who has been sacked, exploited weaknesses in the system to profit
Britain's richest 1% have accumulated as much wealth as the poorest 55% of the population put together, according to the latest official analysis of who owns the nation's £9.5tn of property, pensions financial
Britain's economy is £50bn better off as a result of the Bank of England's decision to pump in money in the wake of the global financial meltdown, one of its most senior economists has argued. The Bank's
Britain's economy grew by 0.8% in the first quarter of 2014. This was below expectations of a 0.9% increase in GDP but better than the 0.7% achieved in the fourth quarter of 2013. The chancellor, George
Samuel Tombs, UK economist at Capital Economics “While the economic recovery is creating jobs at a rapid pace, there still appears to be plenty of slack in the labour market which is keeping a lid on growth.
Far from being over Europe's economic crisis is getting worse with disturbing levels of poverty and deprivation being noted among children and youth, says a report compiled by the Catholic charity Caritas.
George Osborne will claim on Monday that the changes to the UK's taxes and welfare system are the most significant for two decades and will drive the UK's economic recovery by encouraging jobs growth.
A slower-than-expected recovery across the global economy will keep interest rates in rich countries at historic lows for several years, the International Monetary Fund has warned in its World Economic
1. China’s economy slows Economic output hit 7.4% year-on-year in the first quarter. That’s the slowest rate since the third quarter of 2012. But Chinese stocks rallied on expectations the government respond
British businesses are on a marketing blitz, with an influential industry report revealing the biggest surge in spending since records began 14 years ago. In a sign that confidence about the economic is
I fear that Noah Smith is being a little unkind to the Koch brothers here. No, not because I have any contact with them, nor because I’m just generally a neoliberal running dog lickspittle. But because
How big a deal is it when a rich society gets a bit poorer? It is a question that holds few terrors, especially not amid a recovery, where the dole queues are shrinking so fast that the Conservative chancellor
Old Mutual Global Investors European Equities head Kevin Lilley discusses Europe’s economic recovery and his top three stocks Kevin Lilley, head of European equities at Old Mutual Global Investors revealed
According to research carried out by the International Comparison Programme for the World Bank, China is moving close to becoming as large an economy as the US. Its research, published last week, is the
Britain is finally shaking itself free of the grip of the "great recession", a leading thinktank has claimed, as it said the economy was on the cusp of returning to its pre-crisis strength. The National
Don't look now, but the political language is changing. Once, the phrase "rebalancing the economy" was the cornerstone of coalition economics; shifting energy from finance to manufacturing, from big to
The government has held back the recovery with a string of policy changes that have made the tax system "more complicated, less efficient and less transparent", according to Paul Johnson, head of the thinktank
Eurozone economic growth lost momentum in the first three months of 2014, official figures show, with the growth rate unchanged from the previous quarter at 0.2%. That was weaker than many economists expected.