Chancellor's economic strategy is 'risky', says Item Club

Chancellor George Osborne's economic plans are 'risky', and could contribute to a slowdown in UK growth, the EY Item Club has warned.

UK exporters feeling the heat from eurozone crisis

The CBI has issued a call on eurozone leaders to quickly resolve the Greek debt crisis, whatever the outcome of Sunday’s referendum, after the British business group’s latest poll highlighted mounting pressure on exporters.

Academics attack George Osborne budget surplus proposal

George Osborne’s plan to enshrine permanent budget surpluses in law is a political gimmick that ignores “basic economics”, a group of academic economists has warned.

EU referendum uncertainty could hit UK investment, consultants warn

The government’s plan to hold an EU referendum will dent foreign investment in the UK and threatens its position as Europe’s top destination for overseas investors, according to a new report.

UK retail sales boosted by April's warm weather

UK retail sales rose by 1.2% in April, the strongest increase since November, as the warm weather encouraged shoppers to stock up on summer clothes.

Bank of England expected to keep interest rates on hold

Interest rates are expected to remain on hold on Thursday as policymakers weigh up the mounting arguments for a first change in more than five years.

British investors demand banks stick to lockups on share sales

(Reuters) - British investors have called upon investment banks to stick closer to lock-up agreements on sales of company shares after a major transaction, saying it would ensure more stable markets.

Manufacturing boosts UK industry but exports weaker

There were fresh warnings on Tuesday night that the UK's economic recovery was too reliant on hard-pressed consumers after official data showed exports falling.

Bank of England keeps interest rates and QE unchanged

The Bank of England has kept its stimulus programme of quantitative easing (QE) unchanged and also held interest rates at 0.5%.

UK has already returned to growth, says OECD

Triple-dip recession fears eased as a leading economic forecaster said the UK has already returned to growth, while officials reported the dominant services sector has expanded at its strongest pace in five months.

Abu Dhabi energy firm to buy $1 billion assets from BP Oil and Gas

DUBAI: Abu Dhabi National Energy Company PJSC (TAQA) has agreed to buy assets worth over USD 1 billion from BP oil and gas in the UK North Sea.

IMF: UK should slow budget cuts if growth does not recover

The government should slow the pace of budget cuts next year if growth in the UK does not recover, the International Monetary Fund (IMF) has said.

South Korea's $320bn pension fund to set up London base

One of the world's biggest pension funds is to set up a new base in London in a move the government expects to provide a major boost to investment in British infrastructure.

House prices fall for tenth consecutive month

Land Registry figures showed that the house price index decreased 3.2pc in October, with the rate of declining speeding up from 2.6pc in September. London is the only exception to these house price falls, while the North East recorded the biggest fall in October.