Economics / Markets

The Bank of England has revised down its forecast for UK economic growth and expects inflation to remain above the 2% target until the end of next year.

Fund of funds recorded their highest ever quarterly net retail sales in Q2 at £2.3bn, according to the IMA.

The employment rate in the UK rose 0.3% or 184,000 between the first and second quarters of this year, the largest quarterly increase since 1989.

The Bank of England is today expected to lower its economic growth forecast for the UK and raise its expectations for inflation next year.

European markets are in retreat this morning on fresh fears for global growth sparked by a gloomy outlook from the US Federal Reserve.

The Federal Reserve plans to reinvest principal payments on its mortgage holdings into long-dated treasuries in an effort to revive the stuttering US economic recovery.

Mike Riddell, member of the M&G bond team, explains why the UK is now starting to face a slowdown.

US stocks opened sharply lower today as investors await a crucial statement from the Federal Reserve which could signal further quantitative easing measures.

Prime Minister David Cameron has outlined the extent of the cuts to be revealed in the Government's October Spending Review.

Forecasts used by the Bank of England to set interest rates are biased and contain little useful information, according to a Financial Times audit.