British economy grew by 0.7% in third quarter, says NIESR

Britain’s economic recovery lost steam in the third quarter with growth of 0.7%, according to the National Institute of Economic and Social Research.

Consumers face 'lost decade' as spending squeeze bites

British consumers face another three years of squeezed spending, an influential report suggests, amounting to a "lost decade" for households.

UK recovery stronger than thought, official data shows

The Office for National Statistics has revised up its estimates for UK Gross Domestic Product during and after the recession.

UK companies remain confident about economic outlook

Growth in UK manufacturing has eased back to more moderate levels, but companies remain confident about the economic outlook, according to a new study.

Bank of England cuts wage forecast

The Bank of England has halved its forecast for average wage growth, saying it now expects average salaries to rise by 1.25% this year.

Central bank meetings to set stage for parting of ways

The European Central Bank, Bank of Japan, Bank of England and the central banks of India and Australia all hold meetings.

Bank of England keeps UK interest rates at 0.5%

The Bank of England has held UK interest rates at a record low of 0.5% for another month.

British Chambers of Commerce warns against 'hasty' rate rise

The Bank of England should not make any "hasty decisions" on raising interest rates, warns the British Chambers of Commerce (BCC).

Business lobby groups hail brighter UK economy

The UK economy is in good health, suggest two major business lobby groups, the CBI and the British Chambers of Commerce (BCC).

UK economy to hit pre-recession peak by summer, BCC says

The size of the overall UK economy will this summer overtake the peak level it was at before the 2008 financial crisis, a business lobby group says.

Scottish independence: Cable says RBS would have to move to London

Royal Bank of Scotland's future as an Edinburgh-based bank was thrown into doubt after Vince Cable said it was inevitable the bailed-out bank would relocate to London in the wake of a vote for an independent Scotland.

European markets rally on news of Federal Reserve move

European markets rallied on Thursday after the US Federal Reserve pledged to keep the cost of borrowing at rock-bottom levels for longer than expected, offsetting its decision to begin trimming back its massive $85bn a month stimulus programme.

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.

Sterling under pressure after Moody's cuts UK's AAA rating

The pound came under pressure on Monday as currency traders reacted to the UK's loss of its top AAA credit rating. Having fallen to a two-and-a-half year low against the dollar and a 16-month low against the euro, sterling ended the day little changed. Longer-term, analysts expect the fall in value of the pound to continue.

UK GDP: Economy shrank at end of 2012

The UK economy shrank by 0.3% in the last three months of 2012, further fuelling fears that the economy could re-enter recession.

GDP figures to show Britain's double-dip recession is over

The double-dip recession will be officially declared over this week when the Office for National Statistics reveals that the economy grew by around 0.7pc in the months to September.

Mervyn King gives green light for George Osborne to miss UK debt target

Sir Mervyn King has cleared the way for the Chancellor to ditch one of his cast-iron fiscal rules and miss his target to get the national debt under control by 2016.

David Cameron defends economic policies

Prime Minister David Cameron has defended the UK's economic policies, saying the government has acted "decisively" to restore confidence in its public finances.

UK business confidence plunges on eurozone fears

Business confidence in the UK has plunged on fears over the eurozone crisis and the prospect of a Greek exit, according to a survey from Lloyds Banking Group.

UK government held talks about RBS stake sale with Abu Dhabi

The Government has discussed selling some of the taxpayer's holding in Royal Bank of Scotland to an Abu Dhabi sovereign wealth fund as the authorities continue to look for ways to cut the state's stake in the lender.