Tax Planning

Labour will cap the pensions lifetime allowance at £1m and restrict the annual allowance to £30,000 to help fund a £2.7m reduction in tuition fees if elected, it has announced.

HSBC's senior executives have apologised to a committee of MPs for the failings in its Swiss private banking arm which meant clients avoided paying millions in tax.

Rewriting the rules on retirement planning

Are plummeting inflation numbers seen everywhere from the UK to China a sign of a deeper malaise?

Inflation fell to 0.3% in January, the lowest level ever recorded and firmly below the Bank of England's 2% target.

Labour will carry out a comprehensive review of tax planning schemes, including the use of deeds of variation on wills, should the party get to power following the general elections, shadow chancellor Ed Balls has said.

The Bank of England has said it is prepared to cut rates further and expand its quantitative easing (QE) programme should the current downward slide in inflation worsen.

The Financial Conduct Authority (FCA) was "not aware" of allegations HSBC helped wealthy clients evade millions in tax until they appeared in the media, chief executive Martin Wheatley has told MPs.

HSBC faces investigations by national authorities around the world over its role in helping more than 100,000 wealthy individuals avoid paying tax.

Banking giant HSBC helped wealthy clients dodge paying millions in tax to UK authorities, the BBC reports.