Economics / Markets

David Cameron's proposed CGT taper relief plan has been condemned as a "dreadful idea" by tax experts.

The European Union yesterday pledged to go it alone with a banking levy amid continuing disagreements over agreeing a worldwide plan.

UK stocks and sterling tumbled this morning after Fitch labelled Britain's fiscal challenge "formidable".

The Government would have to double the scale of the cuts it has already planned to come anywhere near to Canada's example of a public sector bonfire, experts have said.

Warren Buffett has put himself on the eBay auction block, offering his words of wisdom over lunch to the highest bidder.

Global markets are in freefall today following Wall Street's slide on Friday and on fears over a Greek-style crisis in Hungary.

The euro will have broken up before the end of this Parliamentary term, according to the majority of economists surveyed by The Sunday Telegraph.

The FTSE opened higher in early trading by 20.32 points(0.39%) to 5231.50 as investors become more optimistic about prospects for a global recovery.

Chancellor George Osborne wants a more export driven economy for the UK and plans to look to China to help push forward Britain's economic recovery.

The UK's economic recovery is likely to be slower than that of Germany and France, according to the latest forecasts from Standard & Poor's.