Economics / Markets

Global markets rallied today after fiscal cliff talks between President Barack Obama and Congressional leaders stepped up a notch over the weekend.

The country's rich face a further coalition tax raid 'in the next few weeks', according to business secretary Vince Cable.

The Bank of England still has the 'firepower' to boost the economy through another round of quantitative easing (QE), policymaker David Miles had said.

A plan to merge National Insurance (NI) with income tax would increase wages, create jobs and help reduce costs, business leaders have said.

The FTSE 100's dismal week continued today as the UK's leading index fell to a four-month low, and remains on course to make a loss for the week.

Nouriel Roubini has warned the eurozone faces a 'depression' if policymakers do not relax tough austerity measures.

The UK taxpayer may never recoup the £66bn spent on bailing out Royal Bank of Scotland (RBS) and Lloyds Banking Group, MPs have warned.

The eurozone has officially entered recession, the latest GDP data shows, as growth in core economies was offset by a surprisingly weak figure from the Netherlands.

Global credit ratings agency Moody's has warned the UK is at risk of losing its AAA status should the economy slide into a triple-dip recession.

US indices slumped overnight as prospect of politicians at loggerheads over the fiscal cliff continued to worry investors.