The Ernst & Young ITEM Club said �the persistence of high inflation could undermine the Monetary Policy Committee's credibility� and �tie [its] hands�.

Has the time come to halt the demonisation of bankers? Outgoing Bank of England governor Sir Mervyn King thinks so. His point is not simply that it has gone on long enough and that it is time to move on.

Yahoo Inc. has agreed to pay $1.1 billion for Tumblr, a six-year-old company with more than 100 million users but very little revenue, a deal that highlights the shifting balance of power in the technology business.

Marks and Spencer was dragged into the intensifying corporate tax avoidance row on Sunday night with allegations that its online sales operation was operated in a similar way to that of Amazon to minimise payments to the UK Treasury.

Prime Minister David Cameron has urged British overseas territories to "get their house in order" and sign up to international treaties on tax.

Google's chairman, Eric Schmidt, has said he welcomes promises by international leaders to crack down on tax loopholes exploited by the search firm and other multinational internet businesses that take billions of pounds of sales from the UK through ...

Helped by the warmer weather, footfall on the high-street rose 3.4pc year-on-year in April, the biggest increase since the run-up to Chrismtas in 2011.

A UK Treasury analysis paper will say an independent Scotland could have "significant difficulties" providing protection for savers.

House asking prices have soared to a new high showing further signs of confidence returning to the market, a property website reported today.

A strong rise in the number of people taking up permanent and temporary jobs could be the beginning of a "more robust" recovery, new figures suggest.