News George Osborne during a visit to AW Hainsworth and Sons textile manufacturer in October.

Official figures show UK economy grew 0.7% in the fourth quarter bringing the annual growth rate to 1.9%

Fears grow for high street recovery as PPI payments begin to drop off

The gross payouts will be £2.25bn less in 2014 than in 2013

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

Chief Secretary to the Treasury Danny Alexander; Treasury ministers have come under fire from economists after insisting that living standards were finally beginning to rise

Treasury accused of resorting to 'dodgy statistics' to claim raise in living standards

Treasury ministers came under fire from economists today after they insisted that living standards were finally beginning to rise for the vast majority of workers.

Property news roundup: North-South rent divide

Plus, how to buy a property at auction, firsttime buyer numbers, and latest rent increases

Crime is falling sharply

The mysterious case of the falling criminal offences: burglary and murders down again, statistics show

Burglary and murders are down again, but what’s driving this 20-year drop in offences?

Most forces reported a decline in crime, although the City of London had a one per cent

Crime drops to lowest level for three decades

Official statistics reveal 10% reduction in criminal offences

Hamish McRae: Good job figures and bad growth or good growth and poor jobs - a transatlantic tale of two recoveries

Economic View: In the past, there may have been more people working in the informal economy

The Governor of the Bank of England Mark Carney may soon be deciding whether decide to increase interest rates if unemployment drops further

Unemployment: Fall in jobless total is second biggest on record, renewing speculation about interest rate rise

Drop takes rate within 0.1% of threshold at which Bank of England could end interest rate freeze - but it may still "move the goalposts"

The boomerang generation: A lack of affordable housing is putting huge strain on young lives

For the first time in years, housing is a top five issue for voters

Danny Cousins, 21, and his 66-year-old father, Mick, are sharing a one-bed flat in Luton while Danny saves for a house

The boomerang generation: Forced back to the nest by lack of jobs and high cost of living

Official figures show Britain now has more than 3m ‘boomerangers’, and it’s getting worse

Sir Andrew Dilnot, the head of the UK Statistics Authority

Statistics watchdog to launch review of official data over crime fudging fears

Britain’s statistics watchdog is to launch a wide-ranging review into the accuracy of official government data amid fears that it is being routinely manipulated to meet performance targets.

More than a quarter of young Brits still with their parents

More than a quarter of young Brits still with their parents

More than a quarter of young Brits still live with their parents as the economic downturn and rising house prices prevent them from moving out.

Five bedroom new property for sale at <a href=The Square, Dringhouses, York YO24. On with Hudson Moody for £575,000" title="Five bedroom new property for sale at The Square, Dringhouses, York YO24. On with Hudson Moody for £575,000" width="80" height="60" onclick="location.href='http://www.independent.co.uk/property/1-in-4-people-plan-to-move-into-a-new-home-in-2014-9074252.html';" class="" />

1 in 4 people plan to move into a new home in 2014

Meanwhile, the number of young adults living with their parents has increased by 25 per cent

The IMF estimated in October the GPD growth would be 1.9 per cent for 2014, however it is expected to change that estimate to 2.4 per cent; These numbers would be seen by the Chancellor as a vindication

Relief for Osborne as IMF expects UK growth to hit highest rate in three years

The International Monetary Fund is expected to raise its estimate of growth in the UK economy tomorrow, in figures that will be seized upon by George Osborne, the Chancellor.

Festive joy for retailers as sales growth is fastest in 9 years

Retailers enjoyed a "spectacular" Christmas, official data showed, with total sales growing at their fastest rate in years.

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