Ben Chu

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

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Alex Salmond and the nationalists reject claims that Scotland's economy would suffer if the UK broke up

Scottish independence: How Scotland could benefit if its big banks leave

It’s been a while since politicians have been so keen on hosting bankers. The confirmation from an array of banks yesterday that they will move their legal domiciles form Scotland to England if the “yes” campaign triumphs in next week’s independence referendum has provoked a tug of war between the two camps over financial services jobs.

Scottish Independence: Corporate giants Standard Life and BP issue Yes vote warnings

BP says independence could threaten investment in North Sea oil, while Standard Life is putting in place 'precautionary measures' that may involve transferring savings south of the border

Manufacturing output grew by 0.3 per cent in July

Rate rises now ‘closer’, says BoE Governor

Mark Carney said that although there remained some uncertainty about the outlook for wages and productivity, the economy did have momentum

What would Scottish independence mean in the longer term?

Scottish independence: A Scottish state is perfectly viable. Just look at Denmark

But currency union is a key issue: if Scotland keeps the English pound, Westminster would be its banker and where’s the independence in that?

Shock US jobs figures spark jitters for recovery prospects

The jobs growth data for June and July was revised down by 28,000

Mario Draghi, President of the European Central Bank

ECB President Mario Draghi pulls stimulus lever at last, but still no quantitative easing for eurozone

Mr Draghi said the move was justified by rising economic risks for the single currency

Nick Leeson arrives back at Changi airport in November 1995 after being extradited from Germany

The Shifts and the Shocks by Martin Wolf;
How to Speak Money by John Lanchester, book reviews

The publisher’s “advance praise” for Martin Wolf’s new book The Shifts and the Shocks is spectacular. According to the former Bank of England Governor, Mervyn King, the work is “masterly”. Larry Summers, the former Treasury Secretary, thinks it is “superb”. To Ben Bernanke, former Federal Reserve chair, the book is “insightful and timely”. After accolades like that from such a gallery of heavyweights a review seems almost otiose. Yet one senses that these paragons were offering advance praise for Wolf the writer and thinker, rather than this particular book.

Adding sex and drugs to economy helps pull UK out of recession early

The recession was shallower and the recovery stronger than previously thought, according to sweeping revisions to GDP from the Office for National Statistics released yesterday.

OBR should not audit party manifestos, says independent reviewer

The advice is a setback to shadow Chancellor, Ed Balls, who has been pressing for the body to be given the job to build Labour's credibility with the public in advance of next year's general election

Staff turnover at the Treasury is notoriously high

Treasury complains of brain drain to better-paying Bank and HMRC

Sir Nicholas Macpherson said the superior pay on offer made it hard to prevent talented junior staff from jumping ship

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Day In a Page

Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam