The latest official data  suggests that growth in the second quarter will tumble from the first quarter rate of 0.5 per cent close to zero. A recession is defined as two negative quarters

Britain is facing the highest risk of a damaging recession in 12 years and is ill-prepared to cope, the Resolution Foundation said on Sunday. UK rece(...)

 UK chancellor of the exchequer Philip Hammond holds the red Budget box  on Monday. Photograph: EPA/Andy Rain

It’s only the day after the budget that the full extent of a chancellor’s generosity – or stinginess – tends to become apparent, once the number crunc(...)

There was fury in London at a sentence in the OECD document which said that if the Brexit decision was reversed, “the positive impact on growth would be significant.”

The OECD has lobbed a grenade into the Brexit debate, estimating a major hit to growth in 2019 if the UK leaves without a deal and saying that the fli(...)

Theresa May: “Just about managing” remark seen as patronising. Photograph: Stefan Wermuth/Reuters

If Theresa May and her chancellor of the exchequer, Philip Hammond, don’t already regret adopting the phrase “just about managing” to describe househo(...)

Britain’s prime minister David Cameron chatting with Royal Navy personnel in London on Monday. Britain will invest an extra £12 billion in defence equipment over the next 10 years. Photograph: Reuters/Justin Tallis/pool

This week you are invited to believe in the strategic prowess of government. Yesterday, prime minister David Cameron announced Britain’s most anticipa(...)

The number of people in employment jumped by 140,000, pushing the employment rate to 73.6 per cent, the highest since records began in 1971

Britain’s jobless rate has fallen to its lowest level in more than seven years but pay growth was a bit slower than expected, suggesting the labour ma(...)

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(...)

Almost half of large British employers offer jobs with no guaranteed minimum hours or pay, official data showed on Wednesday, reinforcing concerns tha(...)