budget

Former Federal Reserve Chairman Alan Greenspan believes the US must look to rein in its massive budget deficit or face the risk of a bond market crisis.

The governor of California, Arnold Schwarzenegger, has declared a fiscal state of emergency as lawmakers stall on delivery of a state budget, now more than a month overdue.

Goldman Sachs chief economist Jim O'Neill believes the Office for Budget Responsibility is being too cautious with its prediction of 2.6% growth in the UK next year, claiming the economy could in fact expand by more than 3%.

Prime Minister David Cameron is set to deliver his starkest warning yet about the action needed to tackle Britain's budget deficit and public debt.

Henderson SRI manager says expectations of Copenhagen summit were unrealistic

The Government has changed its position on the private-placement market considerably according to parties involved in talks with financial services secretary Lord Myners.

The budget is always an exciting day for those of us in the financial services industry.

The Government has announced a consultation into the tax regime for investment trusts, which will include rules on direct property investment.

Managers have welcomed Treasury proposals to relax the rules governing VCT and EIS investment.

The UK's largest bond houses will meet Financial Services Secretary Lord Myners this week as the Treasury looks to accelerate growth in the private placement market.