Treasury resources were 'stretched and unprepared' for the 2008 financial crisis, according to a damning new report.
The UK is back in recession, according to the latest growth projections from the OECD, while the recovery in the G7 economies remains ‘fragile'.
Mike Riddell, bond fund manager at M&G, has warned investors the recovery in the UK is weaker than the one seen after the Great Depression in the 1930s.
Investors ask whether falling Chinese housing starts could trigger end of commodity super-cycle.
The Budget cut a little from public spending to allow some overall cuts in income tax.
Shares in video games retailer GAME Group have been suspended as the board said "there is no equity value left" in the firm and it intends to appoint administrators.
CPI annual inflation fell to 3.4% in February, down from 3.6% in January, according to the Office for National Statistics.