Chancellor Philip Hammond: likely to be restricted from setting aside money to smooth Britain’s exit from the EU. Photograph: Matt Dunham/AFP/Getty Images

Predictions that last year’s Brexit vote would trigger a snap recession in the UK, fuelled by a conspicuous schadenfreude, proved wide of the mark. (...)

Despite the slump, the Office for National Statistics said the underlying retail pattern was one of growth

UK retail sales dropped sharply in September despite an underlying trend of steady growth in the face of rising prices, figures show. There was an un(...)

A sign for a Lloyds TSB bank branch, as shareholders begin a High Court battle today for £600 million damages from Lloyds Banking Group. Photograph: Peter Byrne/PA Wire

Lloyds Banking Group mugged shareholders into agreeing to the “catastrophic” HBOS deal struck at the height of the global financial crisis, a lawyer r(...)

Employment rose 94,000 to 32.1 million. At 75.1 per cent, the employment rate is just below the record 75.3 per cent recorded in May to July. Photograph: iStock

UK unemployment held at a 42-year low in the three months through August and the number of people in work approached a record high, according the figu(...)

Brexit complexities could deliver a boon for corporate law firms in Dublin and add to the International Financial Services Centre’s  attraction as a base.  Photograph: Aidan Crawley

Ireland may become a jurisdiction for trillions of euro of financial contracts, covering everything from currency to fuel and interest-rate hedging ag(...)

 New York Stock Exchange: the Dow Jones index hit 23,000 points for the first  time on Tuesday. Photograph:  Bryan R Smith/AFP/Getty Images

European shares dipped slightly on Tuesday, falling from a four-month peak as weakness among commodities stocks outweighed gains spurred by results f(...)

Mervyn King, former governor of the Bank of England. Photograph: Simon Dawson/Bloomberg

Former Bank of England chief Mervyn King has attacked the UK government’s handling of Brexit negotiations, warning it may already be too late to put i(...)

UK chancellor of the exchequer Philip Hammond: rose because of the baseless hunch  people with little outward charisma must possess great depth. Photograph: Luke MacGregor/Bloomberg

This time last year, another technocrat of crisp appearance, whose decisions could swing the British economy this way or that, was pressed to resign b(...)

The idiotic mistakes we make at work are awful and getting worse. Photograph: Getty Images

The other day when I got to work I found an email from a PR woman I have never met, congratulating me on my new job at City AM, a newspaper I have nev(...)

Sterling slipped to a near three-week low against the dollar on Monday as investors focused on underlying weakness in the British economy and the governing Conservatives gathered for what could be a fraught party conference.

Sterling slipped to a near three-week low against the dollar on Monday as investors focused on underlying weakness in the British economy and the gov(...)