George Osborne

George Osborne and Vince Cable are set to go head to head over the Vickers' report into banking reform, as they debate the timetable for ringfencing retail banking operations.

Bulls triumph over bears, Fed freezes short-term rates, and pension funds take a beating from stock market turmoil...our round-up of the news from the nationals.

George Osborne has defended the government's economic policies after new figures showed a slowdown in growth, and claimed the UK is a 'safe haven' compared to other nations.

Leading fund managers are moving to snap up ‘cheap' UK banks after a dismal year which saw them drop in value as markets raced higher.

George Osborne has confirmed UK banks will be forced to ‘ringfence' retail banking operations to protect savers from risks taken in investment banking arms.

Northern Rock is to be sold rather than remutualised or floated on the stock market, the Chancellor said last night.

Shares in major UK banks have fallen following reports Chancellor George Osborne will force lenders to ring-fence their retail arms.

The government is set to force banks to ring-fence their retail operations from investment banking.

Business secretary Vince Cable has prompted a new confrontation with Chancellor George Osborne after warning Britain could face the "bomb" of a second financial emergency.

The Bank of England is right to hold interest rates at record lows of 0.5% as governor Mervyn King takes a long-term view, according to George Osborne.