GDP

The OECD has downgraded its outlook for the UK economy, saying Britain will miss out on an early global recovery.

The UK economy shrank by less than previously forecast between April and June, according to the Office for National Statistics (ONS).

The French and German economies are no longer in ‘official' recession after experiencing growth in Q2, new figures suggest.

The UK faces a slow recovery from recession as the financial crisis continues to impact on public and private spending, according to the Bank of England.

The pound has fallen against the dollar and euro today after news the UK's output in the second quarter showed a far less resilient economy than the market predicted.

The UK economy shrank by more than expected in the second quarter of 2009, figures reveal.

Bank bosses who allow their firms to devise schemes to help customers avoid paying tax could face sanctions from the Financial Services Authority, according to The Guardian.

New figures suggest the UK economy may have shrunk much faster than previously thought in early 2009.

This year's budget did little for insurance

The UK economy contracted by a larger-than-expected 1.9% during the first three months of 2009, official figures confirmed today.