George Osborne

Senior bankers should be jailed for reckless misconduct, a keenly-awaited parliamentary commission into the collapse of the banking system recommends.

As world leaders at the G8 summit sign up to a plan to combat tax evasion and money laundering, David Cameron tells Channel 4 News it is a "big step forward".

George Osborne has called on Ed Miliband to pay up to £1.5m to the Treasury after Labour was accused of helping a millionaire businessman avoid paying tax on a major donation.

The shadow chancellor announces Labour would cut winter fuel payments for the richest pensioners, in a move intended to show the opposition's willingness to display "iron discipline" once in power.

Less than a year ago he was Britain's top tax official. Now Dave Hartnett is an adviser to Deloitte, a leading accountancy firm involved in the controversy over corporate tax avoidance.

Chancellor George Osborne says that seven government departments have agreed to spending cuts of up to 10 per cent as part of a drive to cut £11.5bn of public spending.

MPs are falling over themselves to talk tough on tax. But with Google claiming tax avoidance is merely capitalism in action, lawmakers are now coming under scrutiny in the Great British tax debate.

The International Monetary Fund says the government should be doing more to speed up recovery in a critical assessment of the state of the British economy.