Economics / Markets

The European Union moved a step closer to a new treaty giving the eurozone greater fiscal integration over the weekend after Chancellor George Osborne said a new treaty was likely in the next two years.

US President Barack Obama last night said the US government is set to unveil a "more ambitious" deficit reduction plan after urging lawmakers to pass a wide-reaching jobs creation programme.

The implementation of new banking reforms is not expected for a "significant amount of time", according to a document accidently leaked by a Santander boss.

The Bank of England has kept interest rates at their record low level of 0.5% following the latest meeting of the Monetary Policy Committee (MPC).

UK output softened in three months to August, and if the economy weakens further it will pave the way for more QE, according to the National Institute of Economic and Social Research (NIESR).

The Chancellor has confirmed he will deliver his Autumn Statement on 29 November, on the same day as the Office for Budget Responsibility (OBR) issues its latest economic forecasts.

George Osborne has said the government will stick to its austerity plans, although he has had to revise down already-weak growth forecasts for the UK, prompting fresh double-dip fears.

Capital Economics' Roger Bootle is among 20 of the UK's leading economists urging the coalition to drop the 50p tax rate, calling the top levy a "self-defeating" way for the Treasury to raise money because it risks driving away the nation's wealth creators...

The Swiss franc has fallen 9% against the euro after the Swiss National Bank (SNB) said it was setting a minimum exchange rate against the single currency.

(Updated at 10:45am) Stock markets across Europe began picking up the pieces on Tuesday following yet another mass sell-off which was sparked by fresh recessionary fears and saw London's FTSE index close 3.5% down and major indices in Germany, France...