David Cameron says he will stand down as Prime Minister as the UK votes to leave the European Union, while Scotland's First Minister says a second independence referendum is "highly likely".
Heads of more than a third of the country's biggest businesses are supporting Britain's continued membership of the EU ahead of the June referendum.
Mr Osborne's newly announced plans to scale back cuts and raise taxes brings him in line with policy positions promoted by his Lib Dem coalition partners during the last parliament.
In a surprise move, the Chancellor tells MPs that his much-criticised plans to cut tax credits to working families are to be abandoned entirely.
The arrival of Narendra Modi, leader of the world's largest democracy, is described by David Cameron as a "historic opportunity". But protesters condemn his record on free speech and human rights.
The timing of today┐s HSBC announcement couldn┐t be any more convenient - and there are signs that George Osborne may respond in a way that will please the bank.