At the launch of Richard Roberts's new book about the great financial crisis of 1914, Saving the City, Andy Haldane, the widely respected executive director of the Bank of England, confessed that when the recent financial crisis occurred, not many people in the Bank of England were even aware of the economic upheaval that immediately preceded the first world war – a classic case of the modern economics profession's obsession with mathematics rather than history.
Stronger consumer spending and a long-awaited pickup in investment were the driving forces behind Britain's economic growth during the third quarter, according to government data.
Central banks on both sides of the Atlantic are once again being forced to think the unthinkable.
Britain's business lobby group will set out its "unequivocal" support for Britain staying in the European Union on Monday, claiming that membership brings each household some £3,000 a year.
Britain's strongest growth in more than three years has provided a foretaste of the looming general election battle as the Conservatives and Labour clashed over the state of the economy.
Bank of England governor Mark Carney offered an olive branch to the City when he said properly managed and regulated banks would be able to secure more help at lower cost from Threadneedle Street if they got into financial trouble.
If the UK economy were a horse it would be gearing up to race in the Derby. When all the economic surveys display the kind of vigour and confidence associated with a champion racer, it is no wonder so many traders in the City of London are putting bets on soaring GDP growth.
It was impossible to find anybody at last week's meeting of the International Monetary Fund willing to believe that the US will actually default on its debts.
We've observed before how the UK's Office for Budget Revisionism has been leading the creation of the alternative wing of financial comedy by satirising economists' penchant for dodgy predictions with forecasts so misguided they seem deliberately bad.
Ed Miliband will seek to capitalise on his conversion to a mansion tax by challenging Nick Clegg to back his plans in the Commons, and imposing the proposal against the wishes of the Conservatives.
The shadow foreign secretary, Douglas Alexander, has accused David Cameron of being more concerned about the threat of the UK Independence party (Ukip) than the economy in focusing on Britain's membership of the EU.