Economics / Markets

Capital Gains Tax(CGT) is set to rise on so called 'non-business' assets under the new Coalition Government to help reduce income tax for low earners.

Labour have pulled out of talks with the Liberal Democrats in their effort to forge a "progressive coalition" as the stalemate following the UK hung parliament looks set to end with a Tory/Lib Dem coalition.

US shares have retreated after their buoyant showing yesterday amid fears the eurozone aid package may not bring the economic stability hoped for.

Updated 1.45pm: The FTSE 100 dropped 2% in midday trading as uncertainty over the composition of the British government continues.

The Dow Jones advanced more than 4% in early trading Monday while the FTSE maintained impressive gains as the markets took confidence from a €750bn weekend rescue deal to defend the euro.

The Bank of England (BoE) today kept interest rates at a record low of 0.5% as uncertainty remains over who will govern Britain.

Interest rates are forecast to stay on hold today, as the Bank of England (BoE) looks to lend stability to the political and market turmoil.

Ten million people may have voted for David Cameron, but that also means some 19 million didn't

The UK's hung parliament on top of the Greek debt crisis weighed heavily on investor sentiment today as the FTSE plunged dramatically in afternoon trading.

Greece has won some respite after Germany's parliament voted in favour of the controversial bail-out plan as Chancellor Angela Merkel warned EU economic stability was at stake.