Osborne warns of debt crisis unless cuts are backed - papers

George Osborne has warned that Britain will face a sovereign debt crisis like Portugal's unless business and unions back the Coalition's spending cuts. MORE... Nick Clegg and Vince Cable will demand major reforms of the banks as the Liberal Democrats flex their muscles and adopt a more "arms length" policy from the Conservatives. MORE... Oil prices have surged to a two-and-a-half-year high on concerns about a shortfall in supply. MORE...