Ben Chu

Ben Chu is The Independent's Economics Editor. Previously he was the newspaper's chief leader writer.

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Drops in production and higher spending on offshore fields are blamed for falling projected tax receipts from North Sea oil and gas

Forecasts for North Sea oil tax revenues slashed by 25%

Oil production forecasts for 2017-18 have been revised down on last year by 11% to 29.2 million tonnes

Mr Osborne, who is on a two-day trip to India with Foreign Secretary William Hague, said the two countries would see greater investment in each other’s economies and more job creation.

New blow for Coalition economic rebalance as UK trade deficit widens

Trade deficit jumped to £9.2bn in May from £8.9bn in April in new blow to George Osborne

Riskier mortgages on the up, but property demand wanes

Fresh evidence that the housing market is cooling comes today from the latest survey by the Royal Institution of Chartered Surveyors.

Pound slides on shock fall in factories’ output

Manufacturers registered a surprise slump in output in May

Dow Jones breaks through 17,000 barrier on back of surging US job figures

The Dow Jones Industrial Average burst through 17,000 for the first time yesterday following a report showing the American economy added 288,000 more jobs in June.

Be wary of weak arguments for an early interest rate rise – moving too soon is the biggest risk

Earnings are 8 per cent lower than before the financial crisis. This is an odd definition of ‘normal’

Estate agent signs

House prices storm past pre-recession peaks recession

Prices across the UK continue to rocket, Nationwide says

Car manufacturing

Manufacturing boost sends pound to six-year high

Sterling leaps against the dollar

Mortgage approvals fall to 11-month low as housing market cools down

The total value of new mortgages for house purchase in the month fell to £10 billion

At last, business investment is picking up

Business investment picked up in the first quarter of the year, accounting for half of the economy's growth, the Office for National Statistics said yesterday.

Day In a Page

Iraq crisis: How Saudi Arabia helped Isis take over the north of the country

How Saudi Arabia helped Isis take over northern Iraq

A speech by an ex-MI6 boss hints at a plan going back over a decade. In some areas, being Shia is akin to being a Jew in Nazi Germany, says Patrick Cockburn
The evolution of Andy Serkis: First Gollum, then King Kong - now the actor is swinging through the trees in Dawn of the Planet of the Apes

The evolution of Andy Serkis

First Gollum, then King Kong - now the actor is swinging through the trees in Dawn of the Planet of the Apes
You thought 'Benefits Street' was controversial: Follow-up documentary 'Immigrant Street' has got locals worried

You thought 'Benefits Street' was controversial...

Follow-up documentary 'Immigrant Street' has got locals worried
Refugee children from Central America let down by Washington's high ideals

Refugee children let down by Washington's high ideals

Democrats and Republicans refuse to set aside their differences to cope with the influx of desperate Central Americas, says Rupert Cornwell
Children's books are too white, says Laureate

Children's books are too white, says Laureate

Malorie Blackman appeals for a better ethnic mix of authors and characters and the illustrator Quentin Blake comes to the rescue
Blackest is the new black: Scientists have developed a material so dark that you can't see it...

Blackest is the new black

Scientists have developed a material so dark that you can't see it...
Matthew Barzun: America's diplomatic dude

Matthew Barzun: America's diplomatic dude

The US Ambassador to London holds 'jeans and beer' gigs at his official residence – it's all part of the job, he tells Chris Green
Meet the Quantified Selfers: From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor

Meet the 'Quantified Selfers'

From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor
Madani Younis: Five-star reviews are just the opening act for British theatre's first non-white artistic director

Five-star reviews are just the opening act for British theatre's first non-white artistic director

Madani Younis wants the neighbourhood to follow his work as closely as his audiences do
Mrs Brown and her boys: are they having a laugh?

Mrs Brown and her boys: are they having a laugh?

When it comes to national stereotyping, the Irish – among others – know it can pay to play up to outsiders' expectations, says DJ Taylor
Gavin Maxwell's bitter legacy: Was the otter man the wildlife champion he appeared to be?

Otter man Gavin Maxwell's bitter legacy

The aristocrat's eccentric devotion to his pets inspired a generation. But our greatest living nature writer believes his legacy has been quite toxic
Joanna Rowsell: The World Champion cyclist on breaking her collarbone, shattering her teeth - and dealing with alopecia

Joanna Rowsell: 'I wear my wig to look normal'

The World Champion cyclist on breaking her collarbone, shattering her teeth - and dealing with alopecia
Bill Granger recipes: Our chef gives raw ingredients a lift with his quick marinades

Bill Granger's quick and delicious marinades

Our chef's marinades are great for weekend barbecuing, but are also a delicious way of injecting flavour into, and breaking the monotony of, weekday meals
Germany vs Argentina World Cup 2014 preview: Why Brazilians don't love their neighbours Argentina any more

Anyone but Argentina – why Brazilians don’t love their neighbours any more

The hosts will be supporting Germany in today's World Cup final, reports Alex Bellos
The Open 2014: Time again to ask that major question - can Lee Westwood win at last?

The Open 2014

Time again to ask that major question - can Lee Westwood win at last?