The IMA has welcomed the Chancellor's move to increase ISA limits in line with inflation, saying it will continue to work with the Government to build on the ISA brand.

Follow the Chancellor's key Budget announcements as they happen...

Portugal's credit rating has been downgraded by the Fitch agency on concerns over its debt levels.

The Swiss franc rose to a record high against the euro yesterday despite the Swiss National Bank's efforts to avoid excessive gains for the currency.

Banks were told to brace themselves for "payback time", as Alistair Darling put the finishing touches to a Budget that will propose new bank taxes and force them to improve the way they deal with customers and small businesses.

Chancellor Alistair Darling has decided to freeze all income tax bands in the Budget this afternoon, to fund another increase in public spending.

Fidelity International CIO Nicky Richards is to depart the group at the end of this month.

Warren Buffett's Berkshire Hathaway is now a safer investment than the ‘risk free' US Government.

Aberdeen Asset Management has continued to suffer strong redemptions from its fixed income operations in 2010, more than offsetting positive equity and property flows.

Schroders' Richard Buxton, manager of the £1.85bn Schroder UK Alpha Plus fund, has been topping up holdings in British Airways during periods of weakness caused by uncertainty over the airline's industrial action.