George Osborne

The Conservative government will not introduce a 'wealth' or 'mansion' tax on the rich, but will step up its pursuit of those who are not paying the taxes they should, Chancellor George Osborne said today.

The Prime Minister David Cameron and Chancellor George Osborne have ruled out introducing a wealth tax on high earners or an annual levy on expensive properties - two proposals central to the Liberal Democrats' plans.

Chancellor George Osborne should abandon his debt reduction target in his Autumn Statement, a leading think-tank has suggested.

A Conservative peer has urged the coalition to cut capital gains tax (CGT), arguing it discourages savings and investment and damages growth.

George Osborne will deliver his annual Autumn Statement on 5 December.

The next governor of the Bank of England will be found in the coming months after the post is advertised for the first time on Friday.

Former Chancellor Alistair Darling has written an open letter to his successor George Osborne warning he must change course on the economy now or cause "immeasurable damage".

The UK government is looking at fully nationalising beleaguered bank RBS in an attempt to kick-start lending to British businesses.

Capital Economics expects the Bank of England to cut the UK's base rate from 0.5% in an effort to stimulate growth, after last week's GDP figure showed the economy is shrinking faster than feared.

Fewer financial institutions will be able to dodge the incoming FATCA rules, according to the latest agreement on the US tax regime.