UK Election 2010

COALITION ONE YEAR ON

Henderson's head of equities Bill McQuaker comments on the coalition's ‘shotgun wedding' and why he is still bullish on equities despite the difficult times ahead.

George Osborne's hopes of a "Tell Sid" style privatisation of RBS and Lloyds Banking Group have been dashed by the government's pledge to launch a year-long investigation into splitting up the banks.

The coalition Government will hold its first Budget on 22 June.

THE ALCHEMIST

Economists are warning the new coalition Government may have to impose £50bn of tax rises only months into its tenancy, including a hike in VAT.

Hastily introduced banking industry regulation risks precipitating a second credit crunch, HSBC chief executive Michael Geoghegan has warned.

Thirteen years of New Labour came to a dramatic end yesterday as David Cameron was declared Prime Minister and head of Britain's first coalition Government for 70 years. Here's what the papers say about the new man at number 10.

Both former shadow chancellors George Osborne and Vince Cable have been given positions in the new coalition cabinet.