Economics

Sterling slumped against the US dollar after the Bank of England's chief economist Andy Haldane said the UK has an equal chance of seeing a rate cut as a rate hike, contrary to consensus expectations.

The FTSE 100 has hit a fresh record high after the US Federal Reserve signalled renewed caution on its path towards raising interest rates from their record lows.

The government has announced a number of changes to the tax it collects from UK-based businesses, including financial advisers.

'Gorgeous George' morphs into 'Steady George'

Lower inflation, driven by a fall in oil prices, has helped the Office for Budget Responsibility (OBR) upgrade UK growth forecasts for 2015 and 2016 and given the government room to move on near-term borrowing.

The Bank of England's Monetary Policy Committee has warned ongoing sterling strength could prompt a prolonged period of lower inflation expectations.

The UK employment rate in the three months to January hit a record high of 73.3%, according to latest figures released by the Office for National Statistics (ONS).

The Chancellor George Osborne has announced in today's Budget he plans to scrap the annual tax return, replacing it with a single ‘digital' tax account.

Following our live coverage, Investment Week provides analysis and comment on Chancellor George Osborne's 2015 Budget.

HSBC is closing accounts on Jersey belonging to customers living in the UK amid checks on their identity and addresses.