Ben Chu

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

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This petrol station in Birmingham is thought to be the first in the UK to drop the price of a litre of unleaded below £1 since 2009

Warning of deflation risk after inflation drops to lowest level in 14 years

Amid plunging fuel costs consumer price index grew by 0.5 per cent in 2014

The shale gas boom has helped to halve the price of oil since the summer

Oil price hits six-year low as Goldman forecasts $42 barrel

The UK oil industry is increasing pressure on the Chancellor to cut taxes on the North Sea oil industry in the March Budget

Danny Alexander, Chief Secretary to the Treasury

How the Liberal Democrats 'signed off' Conservative spending cuts for the next Parliament

Something doesn’t make sense about the Liberal Democrats' objection to the Tories' planned spending cuts in the next Parliament

Osborne to miss forecasts as eurozone drags down growth

The UK economy came off the boil late last year but oil prices should rev up the engine again, says National Institute of Economic and Social Research

Bank of England urged to include housing in inflation targets

The Bank of England is likely to be asked to target a new inflation measure after an independent review commissioned by the UK Statistics Authority yesterday recommended scrapping  the consumer prices index (CPI) as the headline gauge of rises in the cost of living.

The Bank of England’s mandate currently compels the Monetary Policy Committee to keep consumer prices, as measured by CPI, rising at an annual rate of around 2 per cent over its forecast horizon

Bank of England heading for new inflation target

Official UK Statistics Authority review recommends Office for National Statistics moving to new headline index that includes housing costs

The European Central Bank is under pressure to launch quantitative easing

Eurozone economy: QE 'inevitable' as struggling bloc plunges into deflation

The fall, largely driven by a tumbling oil price, was worse than the 0.1 per cent decline expected by economists

The run on Northern Rock

Bank of England's financial crisis struggles revealed: The hidden history of the crisis

Newly released minutes of the Bank's Court meetings reveal some fascinating Threadneedle Street rows and misjudgements

Andrew Tyrie says the Bank did not have a governing board “worthy of the name” during the financial emergency

Bank of England lambasted for governance failures

Commons Treasury Committee's Tyrie attacks Bank of England's Court for performance during the global financial crisis

A report said the German Government no longer believes it would be too risky for the 19-member Eurozone if Greece dropped the currency

Greek fears push euro to nine-year low against dollar

The currency fell to $1.1862 against the dollar before recovering slightly

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