George Osborne

UK Chancellor George Osborne's austerity plan has received the backing of the US Treasury Secretary.

A series of quarter-point interest rate hikes will begin in May, according to analysts examining Bank of England governor Mervyn King's latest obligatory letter to the Chancellor.

A leading economic think-tank today urged George Osborne to delay the dramatic public sector cuts which underpin his economic policies, and to u-turn on them completely if the economy falters again.

A momentous 2010 saw the euro rocked as Ireland followed Greece to the brink of oblivion, a change of government in the UK and the BP oil spill. But what were the stories that grabbed Investment Week readers? These were the ten most read stories of 2010....

Former Bank of England policymaker David Blanchflower has called for Mervyn King to quit over the US WikiLeaks affair.

Lord Myners, the former City minister, has called on the Chancellor to prove his claim Britain was "on the brink of bankrupty" before the coalition government took over in May.

There are two expressions that severely hack me off at the moment. One is ‘we're all in this together'; the other is ‘it's all about ownership of clients'.

Inflation is likely to remain high throughout 2011 but the Monetary Policy Committee (MPC) is more divided than usual over the reasons why, the Bank of England Governor says.

Read George Osborne's full Spending Review statement to Parliament.

The State pension age will reach 66 by 2020, Chancellor George Osborne said today.