Economics

UK banks could be under further pressure to curb lending after the G20 drafted rules to force them to bolster balance sheets by as much as £130bn.

Embattled oil major BP saw its share price dive below 300p on the FTSE earlier today after the estimated cost of the Gulf of Mexico oil spill was revised upward to $2.3bn (£1.57bn).

George Osborne's "unavoidable" increase in VAT, the single largest revenue raising measure in Tuesday's Budget, could have been avoided if the Chancellor had not decided to cut other taxes.

The Government said today it will undertake a consultation period before setting up three new bodies as part of a radical shake-up of financial services regulation.

Fidelity's Tom Stevenson discusses the ‘distressing' element of today's unemployment figures and why the Chancellor is walking a tightrope ahead of the Budget.

George Osborne will today set out plans for the biggest shake-up of economic regulation since 1997.

BP shares continued to fall both sides of the Atlantic on Monday after the oil giant said the cost of the Gulf of Mexico spill had risen to £1bn and US President Barack Obama compared the environmental disaster to the 9/11 terrorist attacks.

The newly-formed Office for Budget Responsibility (OBR) has downgraded the UK's economic growth projections for next year.

David Cameron's proposed CGT taper relief plan has been condemned as a "dreadful idea" by tax experts.

The European Union yesterday pledged to go it alone with a banking levy amid continuing disagreements over agreeing a worldwide plan.