George Osborne

Banks must be allowed to take risks if they are to step up to George Osborne's plans for a private sector-led recovery, Barclays CEO Bob Diamond told MPs this morning.

Tax reliefs on VCTs and Enterprise Investment Schemes (EISs) as well as some pension contributions and life insurance policies will be reviewed, and potentially scrapped, by the Office for Tax Simplification (OTS).

Chancellor George Osborne has been asked to produce the "body of evidence" supporters of the RDR claim justify the regulatory overhaul.

The high court is today hearing a challenge to the emergency budget on the grounds it will affect females disproportionately.

The international rescue package for Ireland has failed to restore confidence in the eurozone debt markets, leading instead to a surge in bond yields across half the currency bloc.

The FTSE closed today with triple-digit losses as George Osborne's assertion Britain is out of the financial "danger-zone" failed to lift investors fretting over the euro debt crisis.

Chancellor George Osborne said "Britain is on the mend" and its recovery "on track" as he set out a new blueprint for growth following the OBR's growth projections.

The independent Office for Budget Responsibility (OBR) has raised its estimate for economic growth this year to 1.8% from 1.2%.

The Treasury Select Committee (TSC) has expressed doubts about the coalition government's programme to aid Britain's economic recovery by slashing public sector spending.

The Treasury Committee has launched an inquiry into Britain's tax policy to find out how it can be used to encourage economic growth.