UK Economy

ONS data shows UK GDP growth slowed in final quarter of 2014 as election looms.

Britain's economy recorded its fastest annual growth since 2007.

However, a Reuters poll of economists will show that the recovery slowed towards the end of 2014.

The Institute for Fiscal Studies says the changes have cost households £1,127 each on average.

The Centre for Cities calculates that for every 12 jobs created in the south, only one was created in the north.

George Osborne believes the UK's economy can become the largest by 2030.

Markets have been reacting to the World Bank cutting 2015 growth forecast to 3% from 3.4%.

Eurozone woes, austerity plans, budget deficits and a looming general election set the stage for 2015.

'Political isolationism would leave us poorer' said CBI director-general John Cridland.

Britain overtook France in 2014 after taking into account £10bn additional earnings from drugs and sex.

The British economy grew at 0.7% between the second and third quarter of this year.

MPC member Martin Weale also sees more permanent jobs being created.

In October, the EU declared that the UK would have to pay £1.7bn in extra tax.

Bank of England policymaker Ian McCafferty sees turning point in UK wage growth.

Reports suggest the fund is sounding out foreign investors for takeover of struggling retailer.

Interest rates have been held at a record low of 0.5% for more than six years.

Chancellor announces plans to transform north's road network and cement it as a leader in science.

The Finance Monitor, carried out by BDRC Continental, added 77% of SMEs were now profitable.

Newsnight says Palace of Westminster is in much need of repair after 60 years with no renovation.

Inflation rose to 1.3% in October, well below the Bank of England's target rate of 2%

HSBC's chief UK economist said the BoE have overestimated economic growth predictions

Reports say that treasury minister David Gauke abstained in an EU contingency fund vote

Mark Carney is likely to signal that rates will stay at a record low until around the middle of 2015.

Cabinet insiders say the Treasury has asked senior civil servants are drawing up battle plans.

Clegg urges Britons to vote against leaving the EU in the possible 2017 referendum

UK Prime Minister spoke at the Confederation of British Industry conference.

Moody's warns that there won't be a significant rebound in near term European economic growth

As we approach the 2015 General Election, IBTimes UK looks at the state of Osborne's economy.

Bank of England is expected to wean Britain off record low rates next year.

New survey shows just one in seven voters feel they are benefiting from upturn.