Britain’s prime minister David Cameron is locked in battle with Brussels over a demand for a further £1.7 billion to be paid by December 1st. Photograph: Luke MacGregor/REUTERS

The UK’s net contribution to the European Union soared to £11.3 billion in 2013, an increase of £2.7 billion from the previous year, according to offi(...)

The monthly fall in the number of people claiming unemployment benefit was the smallest since April last year, at 18,600 in September

Britain’s strong labour market recovery is showing signs of cooling, even as the unemployment rate once again fell more than expected in the three mon(...)

The BoE has said it expects inflation to hit its target of 2 per cent only in around three years’ time and some economists have said it could dip close to 1 per cent soon.

British inflation slowed sharply in September to its lowest level in five years, further reducing pressure on the Bank of England to start raising int(...)

 Britain’s prime minister David Cameron, Portugal’s prime minister Pedro Passos Coelho, Germany’s chancellor Angela Merkel and Finland’s prime minister Alexander Stubb attend an European Union leaders summit in Brussels. Photograph: Francois Lenoir/Reuters

Britain’s economy grew more quickly than previously thought in the second quarter of this year though the start of 2014 was more sluggish, according t(...)

A Phones 4U shop in central London with its shutters down as more than 500 of its stores were shut after the retail chain went into administration. Photograph: Philip Toscano/PA

As administrators race to save stores and jobs at Phones4u, recriminations over the shockingly abrupt demise of the mobile phone retailer are becoming(...)

Chimney pots line the rooftops of houses in the Herne Hill district of London. Photograph: Simon Dawson/Bloomberg

House prices have reached a new record high of £272,000 on average after surging by 11.7 per cent over the last year, according to an official report.(...)

Further evidence of Britain’s economic recovery comes via new figures from the NIESR

The pace of Britain’s economic recovery picked up slightly in the three months to August, the National Institute of Economic and Social Research (NIES(...)

Bank of England in the  City of London.  New figures show the UK economy has been stronger since 2008 than previously thought. Photographer: Simon Dawson/Bloomberg

The UK economy has been much stronger since 2008 than previously thought, the Office for National Statistics revealed yesterday as it tore up the prev(...)

UK shoppers spent 1.3% less in food shops in July than in the same month last year. Photograph: Reuters/Suzanne Plunkett/Files

Britain’s supermarket price war has triggered the first annual drop on record in the amount people are spending in food shops, according to officia(...)

UK inflation cooled more than economists forecast in July, giving the Bank of England Governor Mark Carney (pictured) rroom to keep its key interest rate at a record-low. Photograph: Simon Dawson/Bloomberg

UK inflation cooled more than economists forecast in July, giving the Bank of England room to keep its key interest rate at a record-low. The rate of (...)