Economics / Markets

Deputy Prime Minister Nick Clegg believes the coalition needs to deliver a "difficult" budget today to ensure the UK can avoid the scenarios seen in Greece and Spain.

CGT, VAT, public pensions... Prime Minister David Cameron has already warned today's emergency Budget will likely contain some of the harshest measures since World War II.

US markets opened strongly today as global stock markets thrive on news China is likely to end its currency peg with the dollar.

Global stock markets are appreciating sharply today on news China is likely to end its currency peg with the US dollar.

George Osborne will announce a bank tax on Tuesday aiming to raise £3bn amid criticism the levy could hit UK competitivenesss.

The UK Government's public sector borrowing fell below expectations in May, according to ONS figures released today.

Royal Mail's chairman is advising ministers to plan for a multi-billion pound stock market flotation in an options-open approach to privatisation.

The Government said today it will undertake a consultation period before setting up three new bodies as part of a radical shake-up of financial services regulation.

Former enterprise tsar Lord Alan Sugar has launched a stinging attack on the proposed increase in CGT, claiming it will have a "devastating effect" on businesses.

Retail sales defied analysts' forecasts in May to increase 0.6%, as consumer spending was boosted by the World Cup.