How does the system work? And are the complaints from retailers, MPs and newspapers really justified?
Sales fell 0.3 per cent in the month, against City analysts' expectation of a 0.9 per cent bounceback following December's near 2 per cent decline
The assumption among British politicians is that EU migration post-Brexit will be like a tap that can be turned on and off. They will import any new workers we genuinely need, they will 'manage' migration, they will 'take back control'. But what if the tap is turned and no water comes out?
Job creation slowed to 37,000 in the final three months of 2016 while average wage growth moderated to 2.6 per cent
The case of Gary Smith reveals how outdated such assumptions are in today’s workforce. As the Court of Appeal’s ruling last week confirmed, the economic reality of Smith’s relationship with Pimlico Plumbers was that he was a worker rather than a self-employed contractor
Exports of goods to non-EU countries jumped by 7.4 per cent while manufacturing and construction output also increased by more than expectations
Ms Hogg, currently the Bank's chief operating officer, replaces Minouche Shafik, who is departing to become director of the London School of Economics
The deal guarantees some 1,700 jobs in northern England
‘In my view, if the real economy remains solid and the pick-up in the nominal data continues, this could soon suggest an increase in the bank rate,’ she said
Welfare cuts will pummel the incomes of some of the most vulnerable households, and almost certainly push up inequality. Cuts to Whitehall departments are inevitably going to erode the quality of public services; some will be stretched beyond breaking point
Think tank estimates there will need to be an additional £34bn of tax rises or spending cuts in the next Parliament to close the deficit
"The idea of repeating the conditions of before the [financial] crisis is very worrisome,” the European Central Bank President told MEPs
Services have been almost entirely responsible for the maintenance of growth since last June’s Brexit referendum
The Bank of England Governor said it was ‘a much better balance’ for governments around the world to support growth through spending, rather than relying on monetary stimulus from central banks
In its latest Inflation Report the Bank upgraded its 2017 GDP growth forecast to 2 per cent, up from 1.4 per cent in November
The Federal Reserve's Open Market Committee (FOMC), as widely predicted, voted unanimously to leave its federal funds target at 0.5 per cent to 0.75 per cent