Alistair Darling, former Chancellor of the Exchequer, has criticised the move to single out ex-Royal Bank of Scotland (RBS) chief Fred Goodwin by stripping him of his knighthood.
Former RBS chief executive Sir Fred Goodwin has had his knighthood cancelled and annulled by the Queen.
The United Kingdom was one of only two of the 27 EU member states to refuse to sign a fiscal treaty on budget discipline last night.
Britain is not "walking away" from Europe, but safety measures must be put in place for EU countries that are outside the single currency, said Prime Minister David Cameron.
Labour Party leader Ed Miliband has challenged the Prime Minister to intervene in the ongoing row about RBS chief executive Stephen Hester's bonus.
The UK may have to fork out £17.5bn to plug a funding shortfall at the International Monetary Fund (IMF) after the organisation warned yesterday it needed additional funds to tackle the eurozone crisis.
The Prime Minister David Cameron has rejected calls from an MP for an independent inquiry into the Arch Cru investment funds scandal.
Government plans to scrap child benefit for higher earners will be revised to protect families with stay-at-home mothers, David Cameron has hinted.
Prime minister David Cameron has promised shareholders a binding vote on executive pay to try curbing excessive salaries.
The coalition government is to abandon plans to scrap the 50p top rate of tax despite rising pressure from business leaders.