Economics

J.P. Morgan Asset Management's global market strategist Kerry Craig outlines his key predictions for core asset classes, markets, and economies as we move in to 2014.

As 2013 draws to a close, we look back over the major news stories in an eventful year.

Business secretary Vince Cable has warned interest rates may have to rise to hold back a "raging housing boom" in London and the south-east.

The government will permit the transfer of cash saved in now-defunct child trust funds (CTFs) to junior ISAs.

The UK economy grew by 0.8% in the third quarter, confirming previous estimates, the office for National Statistics (ONS) has announced.

Ratings agency Standard & Poor's has retained an AAA sovereign credit rating for the UK but says there is still a one in three chance of a downgrade next year.

Markets have rallied today following the Federal Reserve's move to scale back its quantitative easing programme as the US economy recovers.

The FTSE 100 climbed in early trading in line with other major equity markets as the US Federal Reserve moved to taper its bond buying programme.

Scottish taxpayers will have to pay out £1.6bn a year to fund initiatives set out in the white paper on the country's independence which have not yet been allocated cash, according to Treasury figures.

US markets soared to new all-time highs on Wednesday as the Federal Reserve made a surprise early move to gradually scale back quantitative easing.