Bank of England to examine whether financial reforms have held back growth

Mark Carney has told the government that the Bank of England is to examine whether policies intended to strengthen financial stability in the economy have held back economic growth.

UK industrial output falls in June

UK industrial output fell 0.4% in June following a drop in oil, gas and mining production, according to figures from the Office for National Statistics (ONS).

S&P cuts UK outlook amid EU referendum warning

David Cameron’s decision to hold a referendum on EU membership has put Britain at greater risk of losing its triple-A credit score, according to Standard & Poor’s, the only big ratings agency to still give Britain the top ranking.

UK services sector growth slows in December

Britain’s services sector slowed at the end of 2014, fanning fears that the economy is losing momentum.

UK economy back at pre-crisis level

The UK economy grew by 0.8% in second quarter of 2014, official figures show The figures, from the Office for National Statistics (ONS), show the economy is now 0.2% ahead of its pre-crisis peak, which was reached in the first quarter of 2008.

No wage rises until jobless rate falls to 5% says MPC member

Average wages may not rise until the jobless rate has fallen to 5%, a Bank of England policymaker has suggested.

Britain's economic prospects brightest in more than a decade, survey finds

Britain's economic prospects are the brightest they have been in more than a decade and optimism among consumers has surged to its best level in nine years, according to separate reports published on Friday.

Business optimism highest for 22 years, says BDO survey

Business optimism in the UK is at its highest level in 22 years, a survey by business consultants BDO has found.

House building drives surge in UK construction activity

Britain's construction sector has enjoyed its strongest pick-up in business since before the financial crisis plunged the industry deep into recession, according to the latest in a string of upbeat economic reports.

UK double-dip recession revised away

The UK economy did not experience a double-dip recession at the beginning of 2012, official figures have shown.

UK industrial output beats forecasts, official figures show

UK industrial production was stronger than forecast in March, official figures show, boosted by manufacturing and a recovery in oil and gas output.

'Disappointing' trade deficit figures a drag on recovery renewing triple-dip fears

Britain's trade deficit narrowed in November as exports rose more than imports, but the fall was below forecasts, which economists warn will act as a drag on growth and further threatens a triple-dip recession.

UK retail sales flat in November

UK retail sales failed to grow in November, adding to fears that consumers are reining in spending ahead of Christmas.

Eurozone falls back into recession

The eurozone has returned to recession as the region's debt crisis continues to hurt demand, figures show.

UK economy to see return to growth, says Item Club

The UK economy should enjoy an "Indian summer" after a poor first half of the year, says a leading forecaster.

Debt crisis: Sir Meryvn King warns of eurozone's 'black cloud of uncertainty'

The eurozone crisis has created a “great black cloud of uncertainty” Sir Mervyn King warned, as Germany’s Constitutional Court threatened to derail plans designed to take the region forward.

UK looks set to avoid double-dip recession … with debt-fuelled recovery

Wage inflation (excluding bonuses) is running at an annual rate of 1.7% – price inflation is almost double at 3.6%.

UK unemployment rises by 28,000 to 2.67m, ONS reports

UK unemployment rose by 28,000 to 2.67 million during the three months to January, with the unemployment rate at 8.4%, according to figures from the Office for National Statistics (ONS).

George Osborne urged to rethink reforms

George Osborne’s efforts to overhaul Britain’s financial regulation have been dealt a severe blow after a joint committee of MPs and Lords warned his draft proposal “needs significant amendments” to be fit for purpose.

OECD warns of European recession

The OECD has warned that the eurozone and UK could be entering a recession, and has cut its global growth forecast.