Economics

Chancellor George Osborne announced today that ISAs will retain their tax-free status when transferred after death.

The Office for Budget Responsibility has revised up government borrowing forecasts for 2014 and 2015 - but figures for the following years are lower than previously estimated, according to Chancellor George Osborne.

The UK is to pay back its War Loan in full as part of a package of refinancing announcements.

The Bank of England (BoE) and HM Treasury have announced a one-year extension to the Funding for Lending Scheme (FLS), with small to medium-sized businesses to continue to be the primary beneficiaries.

The actions of an increasingly desperate Russia could force the US to keep interest rates on hold and define the investment agenda next year, according to Jason Pidcock, manager of the £5bn Newton Asia Income fund.

Lower tax receipts and other factors are likely to prompt a sharp upwards revision in borrowing forecasts at this week's Autumn Statement, analysts have warned.

ROUND-UP

Kames Capital's CIO Stephen Jones expects the Bank of England to hold interest rates throughout next year, despite expectations of an upcoming hike.

Barings multi-asset manager Christopher Mahon has warned the chances of a fresh Black Monday-style crash are rising, as policy decisions increasingly drive markets.

Cazenove Capital's CIO Richard Jeffrey looks across the major developed economies to give his outlook for growth in 2015.