OECD secretary-general Angel Gurria shakes hands with  Britain’s chancellor of the exchequer Phillip Hammond: any threat to the peace process in Northern Ireland from the introduction of a hard Border would damage UK economic growth. Photograph: Neil  Hall/EPA

Leaving the European Union with no new trade deal would hurt Britain’s long-term growth, push the pound to a new low and damage the country’s credit r(...)

The Bank of England is watching closely how quickly prices pick up as it tries to gauge the likely impact on spending by consumers

British inflation rose more strongly than expected in December to hit its highest level since mid-2014. The rise is accounted for by the fall in the v(...)

There was a jump in the price of bread and cereals, including garlic bread and pizza, with milk, cheese and eggs also becoming pricier. Photograph: Rui Vieira/PA Wire

UK inflation rebounded to a two-year high last month, driven by a hike in the price of clothes and fuel. The Office for National Statistics (ONS) said(...)

London estate agency Jackson-Stops predicts that homes in the lowest-price bracket “will go the way of the black rhino” in the city this year. Photograph: PA

As inflation leapt to its highest level in almost two years last month, British government statisticians insisted on Tuesday that the rise had little (...)