Economics

The UK economy has been tipped to breach its pre-crisis peak as early as next year, instead of 2016, as previously forecast, by UK business network the British Chambers of Commerce.

US politicians have agreed a deal to set spending levels until 2015, on the same day that the 'Volcker rule' curbing bank trading was finally passed by regulators.

The UK could be the first developed country to raise interest rates, with a hike coming as soon as next year, according to Fidelity fixed income head Andrew Wells.

RBS finance director Nathan Bostock is to leave the bank to become deputy CEO at Santander UK.

Bank of England Governor Mark Carney will act to prevent the housing market growing at 'warp speed', and said there are economic tools he can use other than keeping interest rates low.

Japanese shares soared overnight, with the Nikkei index seeing its biggest one-day gain for three months, as Asian shares rebounded after last week's slide.

Jupiter Asset Management's chief executive Edward Bonham Carter is to hand over his role to Maarten Slendebroek in March next year.

The US unemployment rate has fallen to a five-year low, increasing the likelihood of a tapering of quantitative easing later this month.

US treasury yields have jumped and US futures have fallen after the second reading of US GDP growth for Q3 saw a large upward revision.

The government has today unveiled what it said was an unprecedented package of measures to tackle tax avoidance, evasion, fraud and error.