George Osborne has announced a 25% levy on profits made in the UK by multi-national companies but diverted elsewhere.

The government is to scrap the existing 'single slab' approach to stamp duty on residential property purchases, introducing a new tiered charge from 4 December.

Small businesses have had the relief on their annual business rates doubled for the next year.

The Financial Services Compensation Scheme (FSCS) has recovered £100m from the estate of failed traded life settlement firm Keydata, and the advisers who mis-sold it, and will rebate half the sum to fund management levy payers.

AXA Elevate has said a ‘systems error' is causing delays in income payments to hundreds of clients on the platform.

Legal & General (L&G) is splitting its savings business in two and restructuring other parts of its L&G Assurance Society (LGAS) division ahead of the departure of the arm's chief executive John Pollock next May.

The government's Equitable Life Payments Scheme (ELPS) has now issued over £990.5m worth of payments.

The Treasury is to give savers more freedom over how they take a tax-free lump sum from their pension pot.

A businessman who wrote a government report that criticised RBS has been told he can no longer remain a customer of the bank, according to the BBC's Panorama programme.

Banking regulators in Jersey have warned consumers and investors not to deal with a bank claiming to operate in the Channel Islands.