Economics / Markets

The UK's main measure of inflation has increased on the back of rising oil prices.

A member of The Bank of England's rate-setting committee said last night the economy had emerged from recession in the quarter between July and September - contradicting initial figures published by the Office for National Statistics (ONS), reports The...

The Eurozone economy has left recession with economic growth of 0.4% between July and September.

US equities finished higher in another round of fairly quiet trading on Wednesday, underpinned by upbeat economic data out of China and Japan overnight.

Better-than-expected unemployment figures and a rosier growth forecast from the Bank of England raised hopes yesterday that Britain was beginning to claw its way towards economic recovery.

Inflation in the UK may rise ‘sharply' over the next few months but is likely to fall back again in the medium term, according to Bank of England governor Mervyn King.

European markets have climbed steadily this morning with the FTSE 100 up 1.2% and the FTSE Eurofirst 1.1% higher.

Unemployment in the UK continued to rise in the three months to September, although the 30,000 increase was the smallest since May 2008.

The next Pre-Budget Report will be published on Wednesday 9 December, the Chancellor has confirmed.

Britain more at risk of losing its top-tier credit rating than any other major economy, according to leading agency Fitch.