Cranes next  in the financial district of the City of London. Britain on June 23rd will vote in a referendum whether to stay or to leave the European Union. Photograph: Hannah McKay/EPA

The UK economy lost momentum in the first quarter as services posted their weakest performance for almost a year and industrial production continued (...)

Wall Street stocks were little changed on Thursday evening after a raft of mixed quarterly earnings and the slide in oil prices kept investors on the sidelines.

European shares fell slightly on Thursday after the European Central Bank kept rates unchanged, with Swedish telecom equipment maker Ericsson and Fren(...)

UK retail sales excluding auto fuel fell 1.6 per cent, the most since January 2014. Photographer: Bloomberg

UK retail sales fell for a second month in March as consumers bought less of everything from food to clothing. The volume of sales dropped 1.3 per ce(...)

The Office for National Statistics (ONS) said Consumer Price Index (CPI) inflation hit 0.5% last month after the price of clothes rose by 1.7% year on year, while passenger transport by air climbed 17.9% over the same period.  (Photograph: Mike Egerton/PA Wire)

UK inflation accelerated to a 15-month high in March as an early Easter boosted air fares and clothing prices increased.Consumer prices rose 0.5 per (...)

British industrial output recorded its biggest annual fall in two and a half years in February, official data showed on Friday, confirming industry su(...)

Chancellor George Osborne  said on Thursday that the latest economic figures  underscore the importance of Britain voting to remain in the EU in the referendum on June 23rd. (Photograph: PA Wire)

Britain’s current account deficit widened to a record high at the end of last year, highlighting a weak spot in an economy coming under sharper focus(...)

A man drinks from a beer can while wearing a virtual reality headset at a party hosted by Deloitte Digital during the South By Southwest Interactive Festival in Austin, Texas. Photograph: David Paul Morris/Bloomberg
Planet Business

Image of the week: Virtual fun It is estimated that 97 per cent of people photographed wearing virtual reality headsets look stupid, but not this g(...)

Nightclub entry charges will no longer help determine Britain’s inflation rate after the Office for National Statistics removed them from the list it uses to gauge living costs. (Photograph: Luc Beziat/Image Bank/Getty)

Nightclub entry charges will no longer help determine Britain’s inflation rate after the Office for National Statistics removed them from the list it(...)

Sales shoppers in London. Photograph: Matthew Lloyd/Bloomberg

UK retail sales surged the most in more than two years in January, boosted by demand for clothing and computers. The 2.3 per cent jump in the volume(...)

Iinflation edged up to its highest rate for a year last month as rises in the price of alcohol and clothing pushed up the cost of living. The Consumer Prices Index (CPI) measure of inflation rose to 0.3% in January from 0.2% in December, according to the Office for National Statistics (ONS). (Photograph: Yui Mok/PA Wire)

UK inflation climbed to its highest in a year in January, driven by motor fuels, food and clothing. Consumer prices rose an annual 0.3 per cent follo(...)