HM Treasury

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.

Chancellor George Osborne will scrap the Pre-Budget Report this year and replace it with a slimmed-down autumn statement.

Lloyds chief executive Eric Daniels says the banking giant "did the country a great service" in taking over stricken lender HBOS last year.

The Consumer Protection and Markets Authority (CPMA), one of the bodies set to replace the FSA from 2013, will be subject to audit by the National Audit Office (NAO) under rules proposed by the Treasury today.

British taxpayers stand to make a £5bn profit from insuring the toxic assets of RBS and Lloyds, despite not yet having paid a penny.

The UK Government has set out its plans for a proposed bank levy which it hopes will raise £2.5bn annually.

The UK is still in danger of losing its prized AAA rating despite the fiscal tightening measures unveiled by the new coalition Government last month, Standard & Poor's says.

Former shareholders of Bradford & Bingley should not get any compensation after the troubled lender was divided and sold, an independent valuer says.

The Government could look to offload part of its RBS stake as early as next year as the bank moves to complete an overhaul of its business, chief executive Stephen Hester says.

Here are all the key facts from today's Budget you need to know...