News

Inflation across the single currency bloc fell to 0.7% in January moving closer to deflationary territory

Sir Christopher Pissarides wants to see output levels increase before interest rates are put up

Bank of England should hold rates and add stimulus, says Nobel prize economist Sir Christopher Pissarides

Renowned labour market economist warns it would be premature to put up the Bank’s base rates from 0.5 per cent

Davos 2014: Larry Summers slams George Osborne in fiery exchange over austerity

Larry Summers suggested the Chancellor's spending cuts prevented the British economy from growing sooner

IMF raises UK growth forecast to 2.4%

Mark Carney free to keep rates low as IMF warns against withdrawing stimulus too soon

George Osborne says Britain could leave EU unless it reforms

George Osborne has warned Britain could quit the European Union unless it is reformed.

Andrea Leadsom is the head of Fresh Start Group

Civil war erupts amongst Tory eurosceptics as the moderate 'Fresh Start Group' attacks 95 MPs who wrote to Cameron demanding vetos

Anti-European Tory backbenchers were yesterday accused by their more moderate Eurosceptic colleagues of running a “side-show” that is distracting from attempts at serious EU reform.

Angela Merkel, German Chancellor

German economic growth weakest since the global financial crisis

Germany grew at its weakest rate since the global financial crisis last year, official figures today showed.

World Bank expects the US economy to grow 2.8 percent this year, up from 1.8 per cent in 2013

Global economy 'bouncing back' as rich nations emerge from financial crisis, says World Bank

Global GDP to expand 3.2% this year, up from 2.4% in 2013

George Osborne delivered a warning that the EU should undergo reform, halting decline by backing business and curbing welfare spending

George Osborne sounds 'reform or decline' ultimatum to EU

Chancellor suggested UK was ready to press ahead with smaller group of like-minded countries under 'enhanced co-operation'

Eurozone unemployment rate remains stable at 12.1%

Eurozone unemployment was stable in November, prompting some analysts to suggest that the region’s problems might be beginning to abate.

A woman pays for her shopping in euros at a supermarket in Rujiena, near the border with Estonia. On 1 January Latvia became the 18th country to adopt the Euro

Latvia: The country that fell for the euro

The single currency is supposedly doomed, weighed down by the parlous state of the Greek economy and infighting between member states. So why on Earth would a Baltic state with a strong economy want to board this stricken ship?

President Hollande's approval rating has fallen faster than that of any other French President in the Fifth Republic, with 3.5 million French people out of work

François Hollande heading for crisis as he fails to deliver his promise to reduce unemployment

The French President staked his political credibility on a fall in the number of unemployed by the end of the year, but the figures are not going his way. What now for France’s increasingly unpopular leader, asks John Lichfield

Europe welcomes 'unprecedented' banking union agreement

The European Commission hailed the overnight agreement by finance ministers for a new system to deal with failing banks as an "unprecedented" achievement.

Hamish McRae: Next year should be good for the UK and other economies, but can the markets continue to rise?

Economic View: The better the economy does, the quicker rates rise and the greater the pressure on shares

Satyajit Das: Each stage of the eurozone debt crisis has increased the risks Germany faces

Das Capital: The German-led strategy shows little progress and is unlikely to resolve the crisis

Fresh blow for François Hollande as French unemployment hits 16-year high

French president François Hollande’s woes deepened today as unemployment hit its highest level for more than 16 years.

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