Treasury

Severe delays and errors have hit the payment scheme set up by government to compensate victims of Equitable Life, a report from the National Audit Office (NAO) has found.

Credit rating agency Standard & Poor's (S&P) has warned of the continuing negative outlook for the UK economy, but reaffirmed its triple A rating for the country.

A suite of simple products designed to help consumers navigate the financial services market is to include a whole-of-life insurance plan.

HM Revenue & Customs (HMRC) has announced that Britons concealing money in the Isle of Man have three years to own up and get their affairs in order.

S&P said it could lower the UK's rating "if fiscal performance weakens beyond our current expectations".

The Financial Services Bill is being "rushed" through Parliament without proper consideration being given to proposed changes, Andrew Tyrie has said.

Sir Mervyn King, the Bank of England's Governor, told the Chancellor that £37bn cash the Treasury claimed from the QE programme will not help the UK's finances.

FCA

The government has given its backing to the Money Advice Service (MAS), in spite of growing discontent with the industry-funded operation within Westminster.

The Treasury was too slow in nationalising Northern Rock during the height of the financial crisis, one of its top civil servants has said.