News

The UK Government has announced plans to issue more than £220bn worth of government bonds this financial year, well above the expected level.

Income tax will rise to 50% for high earners to help the Treasury keep the budget deficit under control.

The Conservative leader has savaged the Government's predictions of an economic upturn, and blamed Labour for ruining the UK's finances.

Alistair Darling has revealed he will shortly publish a report on the reform of financial regulation, which will propose increased powers for the regulator.

Alistair Darling has announced he will restrict higher-rate tax relief on pension contributions for people with incomes over £150,000 from April 2011.

Alistair Darling has pledged to help struggling small businesses, extending the scheme to allow loss-making companies to reclaim tax.

The UK economy will shrink by 3.5% during 2009, the Chancellor has predicted.

Skandia has removed George Luckraft from its Strategic Best Ideas fund following the news Axa Framlington is to close its Absolute Return UK fund.

Government borrowing rose by a record £90bn in the last financial year, according to figures released today.

Gross mortgage lending jumped 16% in March to £11.5bn, according to the latest figures from the Council of Mortgage Lenders (CML).