Philip Hammond

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Christine Lagarde, managing director of the International Monetary Fund (IMF), speaks during a news conference.

Britain’s economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage whatever terms it agrees, the Inter(...)

Bank of England governor Mark Carney at the Central Bank in Dublin where he gave the annual Whitaker lecture. Photograph: Cyril Byrne

The more open nature of the UK economy after Brexit will make it more important for both it and the Irish economy to be resilient to global economic s(...)

Jacob Rees-Mogg and Boris Johnson: set out the case for a no-deal Brexit, which they said would make the UK richer. Photograph: Chris Ratcliffe/Bloomberg

Boris Johnson has stepped up his criticism of Theresa May’s Brexit proposal, claiming that it would leave Britain in a worse position than if it were (...)

Mark Carney is to stay on as governor of the Bank of England.

UK chancellor Philip Hammond has announced that Mark Carney will continue as governor of the Bank of England until the end of January 2020 to help “su(...)

 Minister for Finance and Public Expenditure and Reform Paschal Donohoe. File photograph: Gareth Chaney/Collins

The Government will not increase the budget deficit to pay for increases in spending or tax cuts, the Minister for Finance, Paschal Donohoe, said on F(...)

Outgoing TSB chief executive Paul Pester leaves the bank with £1.7 million made up of a year’s salary of £1.2 million plus a “historical” bonus of £480,000. Photograph: Andrew Winning/Reuters

In April, up to 1.9 million TSB customers were suddenly locked out of their accounts in one of the most catastrophic systems failures ever suffered by(...)

 The Treasury denied on Tuesday it had approached Mark Carney to remain as Bank of England governor for an additional year

The Treasury denied on Tuesday it had approached Mark Carney to remain as Bank of England governor for an additional year until summer 2020 to delay a(...)

UK prime minister Theresa May meets South African president Cyril Ramaphosa. Photograph: Mike Hutchings/EPA

MPs could vote on leaving the European Union without seeing a full analysis of the likely economic impact of a no-deal Brexit, Downing Street has sugg(...)

Theresa Mays says government is putting in place measures to ensure it can ‘make a success of no deal’. Photograph: Matt Dunham/AFP/Getty Images

UK prime minister Theresa May dismissed fears of a no-deal Brexit situation as she played down British Chancellor of the Exchequer Philip Hammond’s wa(...)

Arlene Foster: The DUP leader has said Northern Ireland can’t continue in a “decision-making limbo” but there seems to be no  immediate prospect of a political breakthrough, Photograph: Niall Carson/PA Wire

“It can’t go on like this,” a Stormont civil servant moaned to The Irish Times. The public just don’t seem to have got the fact that Northern Ireland (...)

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