George Osborne has been accused of undermining the Treasury's new economic watchdog by appointing one of his own officials to run operations.
A number of MPs have expressed concerns the independence of the Office of Budget Responsibility (OBR) will be compromised if its secretariat is run by a Treasury civil servant, according to the Guardian.
Robert Chote, chairman of the OBR, has already selected Josephs, currently head of public finances at the Treasury, to take the role, arguing someone with experience is needed to guide the body.
Vince Cable gets business backing for attack on City
Vince Cable's speech at the Liberal Democrat party conference is being met with a mixed reaction from City and business organisations.
Miles Templeman, director-general of the Institute of Directors, has pointed out that, beyond the rhetoric, is a serious message about the dangers of short-termism, according to the Telegraph.
However, the Institute of Economic Affairs has described Cable's speech as an "extraordinary and ill-judged attack on capitalism".
Government launches loan scheme for excluded borrowers
The government is launching a scheme to give borrowers with poor credit histories an alternative to loan sharks.
Iain Duncan Smith has announced the introduction of My Home Finance, run by the National Housing Federation and backed by the Royal Bank of Scotland, to provide loans for people financially excluded by high street banks.
With loans of around £500 and typical APR of 29.9%, it is hoped they will provide an alternative to pay-day lenders, who charge rates of up to 2,000%, the Guardian reports.
The scheme will start with ten branches across the West Midlands by the end of October and will be rolled out nationally in April if successful.
'Right thing to do'
£69m spent on upgrades
European fintech market 'underserved'