debt

A former employee of Lloyds Banking Group has accused the bank of artificially inflating its profits by almost £1bn through the use of aggressive tax-avoidance schemes and exotic "Lehman- style" offshore deals which he said amounted to false accounting....

UK Government borrowing was lower than expected in February at £12.4bn.

Western governments need to convince markets they have credible plans to reduce debt so that a much-feared double-dip recession does not materialise.

RBS could buy back £10bn of debt in an attempt to boost its capital strength and its standing with bond investors.

Iceland voted no to repaying £3.4bn owed to the UK and Holland by an overwhelming majority of 93% in a weekend referendum over the costs of bailing out collapsed bank Icesave.

The Government borrowed £4.3bn in January, the first time there has been a budget deficit in January since records began in 1993.

The UK's debt problems could be on a par with those facing Greece and Portugal, according to a former IMF economist.

The UK's net debt will rise to 78% of GDP over the next five years, according to Alistair Darling.

Older workers forced into retirement are facing serious debt problems, research suggests.

Directors of Britain's top companies secured an average 23% increase in pension payouts in 2008 to almost £250,000 a year, despite most of the firms suffering steep falls in profits, The Guardian says.