Economics / Markets

Standard & Poor's has downgraded a raft of US and UK banks including HSBC, Barclays, and Goldman Sachs following an overhaul of its ratings criteria.

As George Osborne reveals the Office for Budget Responsibility has revised down growth forecasts in the UK and government borrowing is moved higher, fund managers and economists give their view on 2011's Autumn Statement.

The IMA will create a Global Equity Income sector with effect from 1 January 2012 and is looking at a European Equity Income sector.

Tens of thousands of savers are receiving 0.4% return after tax or less following a rise in accounts paying derisory rates.

A leading Liberal Democrat has claimed the taxpayer is being "taken for a ride" over the sale of Northern Rock to a consortium led by Virgin, amid fears the bank wil have its assets stripped.

The Office for Budget Responsibility (OBR) has almost doubled its projections for public sector workforce reductions as a result of spending cuts in today's Autumn Statement.

The full statement from Chancellor George Osborne.

The IFA community and other observers were quick to react to the Chancellor's Autumn Statement on Twitter. Here are some of the best tweets.

The government will freeze the annual exempt amount for capital gains tax (CGT), but will offer other routes for people cut tax liabilities.

The Chancellor has extended the small business rate relief holiday for another six months until April 2013.