Treasury

John McFall is to step down as chairman of the Treasury Select Committee at the next election, reports suggest.

The Government may delay the Budget until April as they evaluate a new economic stimulus plan, reports suggest.

The Treasury Select Committee has launched an investigation into the protection of UK savers investing in non-UK jurisdictions, in a bid to identify lessons learnt from the banking crisis.

Investors in residential mortgage backed securities (RMBS) are acting irrationally, and demanding excessive premiums, says the Council of Mortgage Lenders (CML).

The UK and US Governments will pump more capital into nine ailing financial institutions than the entire GDP of the oil-rich United Arab Emirates.

Living Time has warned the Treasury not to use the current economic turmoil as an excuse to drop the promised OMO update from the forthcoming Pre-Budget Report.

HSBC has been joined by four other UK banking giants today in rejecting any Government capital assistance, following this morning's £37bn bail-out package for Lloyds TSB, HBOS and RBS.

The Government will pump £37bn into ailing banking giants RBS, HBOS and Lloyds TSB.

The Treasury has assembled an expert liaison group to help prepare legislation for key proposals in the Banking Bill.

The Treasury Select Committee is to hold a hearing on the economics of the housing market.