HM Treasury

Former Conservative cabinet stalwart Michael Heseltine is to argue the coalition government cannot continue on its current economic path in a "damning" critique of its growth strategy.

SPECIAL REPORT

LIBOR

Barclays former chief executive Bob Diamond has said he is "dismayed" MPs have questioned the truthfulness of answers he provided to the Treasury Select Committee.

Scottish ministers could soon have the power to issue their own bonds, chief secretary to the UK Treasury, Danny Alexander, is set to tell the Glasgow Chamber of Commerce today.

The Financial Services Authority (FSA) has admitted it had concerns about the way in which the industry was being asked to fund the Money Advice Service (MAS), although is hand was forced by the Treasury.

Executive remuneration in the UK financial sector is "wildly out of line" with other parts of the market, according to outgoing IMA chief executive Richard Saunders.

The Treasury is under so much pressure it should consider getting funding directly from the financial services industry, former cabinet secretary Gus O'Donnell has said.

Andrew Tyrie, the chairman of the Treasury Select Committee, has asked George Osborne to respond to suggestions from Barclays that retrospective tax action taken against the bank earlier this year was "unwarranted".

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