Bank Of England governor Mark Carney: “Britain’s attitude to this developing crisis is clear: we hope for the best; but we prepare for the worst.” Photograph: Ben Stansall/WPA Pool/Getty Images

The European Union has built up “quite strong” defences over the last few years to guard against the danger of contagion from the Greek crisis, the Go(...)

Mark Carney, chairman of the Financial Stability Board. Photograph:  Michael Buholzer/Reuters.

The Financial Stability Board, the global regulator chaired by Mark Carney, is considering adapting its proposed too-big-to-fail bank fix in response (...)

Chancellor George Osborne, never one to let some good data pass unremarked, yesterday welcomed what he called a “powerful mix” of low prices and rising wages

If you blinked, you’ll have missed it: the UK’s brief descent into deflation has ended, with official figures yesterday showing the cost of living cre(...)

Bank of England Governor Mark Carney forecast that inflation  will pick up later this year and move toward the 2 per cent goal in 2016. (Photograph: Neil Hall/Reuters)

Britain’s inflation rate rose back above zero in May, ending the economy’s brush with deflation after just one month. Consumer prices rose an annual (...)

Blaming past failings inside the Bank of England, Mr Carney said its ultra-traditional governance rules had “weakened the social licence of markets”. Photograph: Leon Neal/AFP/Getty Images

Bankers found guilty of rigging financial markets will be jailed for up to a decade, Bank of England governor Mark Carney has warned the City of Lon(...)

George Osborne believes Britain risks being caught out if the world economy sours while its national debt exceeds 80 per cent of gross domestic product

British chancellor of the exchequer George Osborne will seek to burnish his deficit-cutting credentials on Wednesday, fresh from a decisive Conservati(...)

Marc Bolland has pushed through a number of much-needed changes at the retailer, including revamping the stores and improving its fashion ranges. Photograph: Getty Images

Hang out the bunting! Pop the champagne corks! Marks & Spencer is about to report its first increase in annual profits in four years.Chief executi(...)

Prime minister David Cameron has promised to renegotiate Britain’s relationship with the EU and then hold the referendum by the end of 2017 on whether to stay in the region or leave. Photograph: Jason Alden/Bloomberg

A number of banks have put off possible investments in Britain until after a referendum on its future in the European Union, a lobby group said on Tue(...)

The BoE regularly changes who appears on British banknotes. In 2012, there was controversy when the choice of Winston Churchill to succeed 19th century social reformer Elizabeth Fry on the £5 note meant future notes would depict no women other than the current monarch Queen Elizabeth. Photograph: Anthony Devlin/PA Wire

The British public will for the first time be able to help decide which historic figure - in this case a creative one - appears on the next version o(...)

Chancellor of the Exchequer George Osborne described the annual fall in consumer prices as “good news for family budgets” and said it should not be mistaken for “damaging deflation.”(Photograph: Anthony Devlin/PA Wire)

Britain’s inflation rate unexpectedly fell below zero for the first time in more than half a century, as the drop in food and energy prices depressed(...)