Economics / Markets

Chancellor George Osborne is set to come under more pressure as it emerges the UK will miss its deficit reduction target whilst leader of the opposition Ed Miliband prepares to unleash a further attack on the coalition's economic policy…here's our roundup...

Schroders' Richard Buxton has warned investors the chances of the FTSE 100 breaking through the 6,000 level in the next three to five years is remote.

Consumer Prices Index inflation could fall to 3% by the end of Q1 2012 as the impact of the VAT hike and high oil prices falls away.

Prime minister David Cameron and German chancellor Angela Merkel are set to clash over a proposed financial transaction tax on Friday.

Unemployment has risen to 2.62 million people over the past quarter according to Office for National Statistics (ONS) figures released today.

A Federal Reserve official has called for more "monetary accommodation" to tackle surging unemployment and the country's creaking mortgage market.

The euro weakened this morning as the cost of insuring French bonds climbed to a record, Spanish yields rose and european equities retreated for a second day.

3pm update: European markets have bounced back from earlier falls following the release of positive economic data from the US.

The Prime Minister David Cameron said the eurozone debt crisis presents an opportunity to reform the European Union and for powers to "ebb back" from Brussels to Westminster.

The Bank of England has been forced to cut growth forecasts for the UK to 1% amid fears of a double-dip recession brought on by the eurozone crisis.