Economics / Markets

European markets have opened the week in positive territory, with the FTSE 100 rebounding from a period of extended losses.

S&P has downgraded Belgium's credit rating by one notch, to AA from AA+, expressing concerns about funding and market pressures.

George Osborne is expected to crackdown on tax avoidance by the wealthy and aim help at commuters, motorists and small businesses in this week's Autumn Statement, acording to reports.

Eurozone leaders' failure to call for ECB intervention on the continent's debt crisis at a press conference yesterday caused the euro to fall to a seven week low against the dollar.

Hungary has lost its investment grade credit rating from Moody's after the country went cap in hand to the International Monetary Fund (IMF).

Conservative MPs yesterday increased pressure on George Osborne to cut taxes even if it had to be paid for by extra borrowing.

The government should create an investment vehicle to buy up business loans from banks, says a leading thinktank.

The UK economy grew by 0.5% in the third quarter, the Office for National Statistics confirmed today in its second official estimate.

A dire German bond auction rocked markets overnight, with Japan's Nikkei index hitting its lowest level since April 2009 as fears deepened over the eurozone crisis.

Baker Tilly senior tax partner George Bull outlines his predictions for next Tuesday's announcement.