Consumer borrowing eased back last month as inflation's upward march forced UK shoppers to rein in their spending, according to new figures.

Britain’s economy is likely to feel the impact of the Brexit vote in the coming years after an initial period of resilience, chancellor Philip Hammond said as he spelled out his plans to steer the British economy through its departure from the EU.

Output in Britain's manufacturing sector reached its highest level for more than two years as the industry continued to bounce back from a post-Brexit vote slump.

The UK’s decision to quit the European Union has already begun tipping its economy into a mild recession, according to economists in a Reuters poll, most of whom said the Bank of England would chop interest rates again in November.

British mortgage lending grew at the weakest pace since 2012 as a new tax on landlords took effect, and uncertainty about Britain’s future in Europe dampened other borrowing, too.

Chancellor George Osborne yesterday received a boost ahead of his emergency summer budget as official figures showed a better-than-expected improvement in the UK’s public finances.

Six years of interest rates at the historic low of 0.5% were marked yesterday as the Bank of England once more kept the cost of borrowing on hold.

The Bank of England is expected to leave interest rates on hold tomorrow following its first monetary policy meeting of the year.

Britain’s economy relied more heavily on spending by households for growth in the third quarter despite a fall in take-home incomes, underscoring the challenges of getting the recovery onto a sounder footing.

The Bank of England left interest rates on hold today as the timing of a first hike which had once been expected this year recedes into 2015.

Spending in food stores in the UK dropped in July for the first time in at least 25 years as the supermarket price war took effect, official figures showed today.

George Osborne’s battle to bring down the UK's annual deficit was given a small boost today as figures showed underlying Government borrowing for July fell by half.

Inflation in the UK fell to 1.6% in July as fashion stores launched summer discounts and fierce competition between supermarkets helped keep a lid on food prices for the longest stretch in a decade.

Interest rates are expected to be held at 0.5% this week as Bank of England policy makers meet for the first time since figures showed the UK had emerged from its worst downturn since the war.

Chancellor George Osborne was dealt a pre-Budget blow after official figures showed Britain’s trade deficit widened to £2.6 billion in January due to a disappointing export performance.

British high street sales have grown at their fastest pace for more than a year in September, figures from the CBI showed today in a further sign of recovery in the retail sector.

Manufacturers in the UK saw output reach its lowest level in three years this month as companies became increasingly concerned by political and economic problems abroad, a survey said.

Panic buying of petrol and unseasonably warm weather lifted UK retail sales figures for March today.

The number of approvals for new house purchases in Britain has defied expectations by rising to its highest point in almost two years.

High street retail sales growth in the UK sped up in November but hopes are fading that the momentum will carry on into the new year when VAT rises, the CBI said today.

High street retailers in the UK are still expecting a pre-Christmas boost despite a slowdown in sales growth this month, according to a survey today.

The UK’s best growth in nearly a decade was overshadowed tonight by the growing threat of a double-dip recession in the US.