Economics / Markets

The Government says it will explore ways of encouraging a more 'sustainable, transparent and standardised' mortgage-backed securities market in the UK.

Advisers give their verdicts on some unexpected proposals set out today in Alistair Darling's Pre-Budget Report (PBR).

Public sector pensions will be capped as part of government plans to pay-off the UK's burgeoning budget deficit.

Alistair Darling delivers his Pre-Budget Report - read about pension tax relief restrictions and a tax rise for those earning over £20,000.

Alistair Darling announces the Government will extend homeowner support for six months, but will not extend the stamp duty holiday.

Chancellor Alistair Darling has pledged £400m new funding to boost companies involved in clean technology and home owners using renewable energy.

Banks will be subjected to a one-off levy of 50% on any bonuses above £25,000.

The upcoming reversal of the UK's emergency VAT cut could spark a collapse in New Year retail sales and ultimately derail the nation's economic recovery, M&G retail fixed income head Jim Leaviss says.

Schroders chief economist Keith Wade has warned Alistair Darling not to attempt to rein in the UK's burgeoning budget deficit too early, believing the UK economy is still "fragile".

Chancellor Alistair Darling is expected to delay the introduction of Personal Accounts for a year as part of spending cuts in the Pre-Budget Report.