George Osborne

Financial services companies will find it "impossible" to remain in an independent Scotland even if it adopted sterling outside of a currency union, George Osborne has warned.

Prominent economists have added to calls for the government to pull back from the mortgage guarantee element of its Help to Buy initiative, arguing it is no longer needed.

A review into how the the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) reach decisions in enforcement cases has been opened by the government, amid concerns over fairness, independence and transparency.

The UK's ongoing recovery from one of its worst spells for decades could give the Chancellor room to cut taxes by £7bn in 2015, a leading consultancy has said.

Labour has backed the Chancellor's move to radically overhaul the pension system, which will give retirees freedom to do what they want with their money at age 55.

Industry figures have broadly praised George Osborne's 2014 Budget, pointing to the benefits created for savers.

The Chancellor has announced far reaching reforms to pensions in his fifth Budget speech and said "no one will have to buy an annuity" in the future.

Chancellor George Osborne has said an independent Scotland would be £1,000 worse off per person if it was to split apart from the UK.

The UK's borrowings have fallen to £95bn in 2014/15, undercutting previous expectations, the Chancellor has said.

The Office for Budget Responsibility (OBR) has raised its forecast for UK economic growth this year as the recovery continues to gather pace.