George Osborne

Chancellor George Osborne's aides say complete abolition of the FSA is still on the table, adding the regulator will certainly lose its independent role.

Banks must be taxed to end forever the 'unacceptable' bail-outs which cost taxpayers billions, the EU's chief financial regulator says.

State investment in British business will be cut by £636m this year, as Chancellor George Osborne seeks to drive a "private sector recovery".

Vince Cable's Business Department will bear the brunt of £6bn in cuts outlined today as the coalition makes its first moves on the deficit.

Tomorrow's Queen's Speech will see financial regulation put back in the hands of the Bank of England, leaked documents reveal.

Chancellor George Osborne refused to confirm Tory plans to scrap the FSA were completely off the agenda as the Government unveiled its first five year plan.

Chancellor George Osborne last night said the coalition Government would use next month's emergency Budget to lower and simplify corporate tax rates.

The Government's first foray to Brussels ended with defeat for George Osborne yesterday as European Union finance ministers backed a tough crackdown on the City.

UK inflation probably accelerated to a three-month high in April as higher energy costs and the weakness of the pound stoked prices enough to prompt a letter of explanation from Bank of England Governor Mervyn King.

The coalition Government is set to detail how it plans to make £6n in spending cuts this year at its first Budget on Tuesday 22 June.