debt

UK Government borrowing reached a new peak in 2009/10 but undershot the figure forecast in the Budget.

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.