Chancellor George Osborne wants a more export driven economy for the UK and plans to look to China to help push forward Britain's economic recovery.

Business secretary Vince Cable plans to target the red tape 'deluge' which he says is "stifling" enterprise in the UK.

Entrepreneurs will not be damaged by any changes to capital gains tax (CGT), Business Secretary Vince Cable has assured MPs.

Nearly three quarters of UK annuity providers believe advised sales of their product will continue to fall, while execution-only business continues to rise.

An IFA who specialises in high-net-worth (HNW) business is launching a "mass-market" firm offering partial pay-as-you-go advice to people on lower incomes.

Prudential is canvassing support from shareholders to stave off calls for chief executive Tidjane Thiam to go following his failed bid for AIA.

Chancellor George Osborne's aides say complete abolition of the FSA is still on the table, adding the regulator will certainly lose its independent role.

The FSA has levied its largest ever fine of £33.32m on J.P. Morgan Securities for client money breaches over a seven-year period.

The FTSE closed slightly down this afternoon after a turbulent day which saw Prudential finally back down from its bid for AIA.

BP could have to slash dividend payments both this year and in 2011, warns Hargreaves Lansdown.