Lord Myners, the former City minister, has called on the Chancellor to prove his claim Britain was "on the brink of bankruptcy" before the coalition government took over in May.
Ireland was last night poised to nationalise its two biggest banks as the country continues to be battered by the financial crisis.
Chancellor George Osborne has announced the 2011 Budget will be held on 23 March.
The government has announced a series of measures designed to help small businesses grow and access finance.
As the dust settles, Peter Barnett gives his view of the Spending Review's impact on financial services and the economy in general
Over 100,000 civil servants will qualify for retirement aged 50 on final salary pensions as part of the coalition's cuts to public sector jobs.
Britain's best years are ahead, the Prime Minister told delegates at the Confederation of British Industry (CBI), in the wake of the worst financial recesssion since World War II.
The government has barely maintained its commitment to protect the NHS budget and increase spending over the next four years.
George Osborne's speech has made it perfectly clear why Wayne Rooney wants to leave Man United.
George Osborne delivered his much awaited Spending Review to a raucous House of Commons today.