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Portugal's caretaker prime minister Jose Socrates has announced he has reached agreement on a bail-out from the EU and the International Monetary Fund.

British taxpayers are set to stump up more than £10bn to cover EU spending in 2012 - almost £700m more than they paid in 2010, according to The Telegraph.

Three European asset management firms have accused banks including Bank of America Corp., JPMorgan Chase & Co., HSBC Holdings Plc, Barclays Bank Plc and Credit Suisse Group AG of conspiring to manipulate Libor.

Disposable incomes among British households are at their lowest peacetime levels since 1921, amid soaring inflation and low pay rises.

Portugal is set to receive an €80bn bailout package by the middle of May - as long as the beleaguered nation pushes through tough austerity measures.

Portugal has become the third nation to ask the European Union for financial assistance.

Representatives of the European insurance industry have written to the European Commissioner for the Internal Market and Services, Michel Barnier, to ensure that the "overly conservative and prescriptive" elements it believes are contained in the draft...

Britain could be forced to contribute more than £3bn to a Portugal bailout package following the Lisbon government's failure to push through its austerity measures on Wednesday.

Private sector employers are closing down their final salary schemes at a record rate, according to a new report by the National Association of Pension Funds (NAPF).

Insurers based outside the EU could undercut UK providers forced to use unisex annuity pricing by setting up QROPS, an expert says.