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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Armenian genocide: To continue to deny the truth of this mass human cruelty is close to a criminal lie

Armenian genocide and the 'good Turks'

To continue to deny the truth of this mass human cruelty is close to a criminal lie
Lou Reed: The truth about the singer's upbringing beyond the biographers' and memoirists' myths

'Lou needed care, but what he got was ECT'

The truth about the singer's upbringing beyond
Migrant boat disaster: This human tragedy has been brewing for four years and EU states can't say they were not warned

This human tragedy has been brewing for years

EU states can't say they were not warned
Women's sportswear: From tackling a marathon to a jog in the park, the right kit can help

Women's sportswear

From tackling a marathon to a jog in the park, the right kit can help
Hillary Clinton's outfits will be as important as her policies in her presidential bid

Clinton's clothes

Like it or not, her outfits will be as important as her policies
NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

UK's Major Tum to blast off on a spice odyssey

Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
John Harrison's 'longitude' clock sets new record - 300 years on

‘Longitude’ clock sets new record - 300 years on

Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

Let the propaganda wars begin - again

'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
Why Japan's incredible long-distance runners will never win the London Marathon

Japan's incredible long-distance runners

Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
Why does Tom Drury remain the greatest writer you've never heard of?

Tom Drury: The quiet American

His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace