The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast.
The world economy is just as vulnerable to a financial crisis as it was in 2007, with the added danger that debt ratios are now far higher and emerging markets have been drawn into the fire as well, the Bank for International Settlements (BIS) has warned....
Sterling has fallen back below $1.69 after worse-than-expected borrowing figures disappointed those investors hoping for further confirmation the economy is back on track.
Britain's economy may already be larger than it was before the financial crisis, according to a respected think tank, in a sign that the scars left by the Great Recession have finally healed.
Britain's rapid growth rate will become "ingrained" and more balanced, the European Commission said on Monday, as two separate reports suggested the strong rate of expansion was likely to continue.
China is poised to overtake the US as the world's largest economy far sooner than expected, according to new statistics.
The UK economy expanded by 0.8% in Q1, slightly below economists' expectations.
The Office for Budget Responsibility (OBR) has raised its forecast for UK economic growth this year as the recovery continues to gather pace.