Britain is not "walking away" from Europe, but safety measures must be put in place for EU countries that are outside the single currency, said Prime Minister David Cameron.
The Prime Minister David Cameron has rejected calls from an MP for an independent inquiry into the Arch cru investment funds scandal.
The UK fund management industry faces complete transformation if the financial transaction tax - or Tobin tax - is implemented, commentators have warned.
David Cameron has vowed to veto a European-wide financial transaction tax unless it is imposed globally.
The coalition government is to abandon plans to scrap the 50p top rate of tax despite rising pressure from business leaders.
Prime Minister David Cameron has left open the door to Britain giving billions of pounds of new support to the International Monetary Fund (IMF) in a move likely to infuriate eurosceptic MPs in his own Conservative party.
Prime minister David Cameron has promised shareholders a binding vote on executive pay to try curbing excessive salaries.
France's minister for European affairs Jean Leonetti has signaled plans for a Europe-wide financial transaction tax are set to be legalised by the end of 2012, despite opposition from countries including the UK.
It is indeed ironic that it was the French Emperor, Napoleon, who once said "Never interrupt your enemy when he is making a mistake." I wonder whether this thought was echoing in David Cameron's head as he decided to use Britain's veto?