Britons should be braced for years of high inflation as the cost of living soars stubbornly ahead of wages, a leading economic forecaster warned today.

Marks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe - with one describing its sales operation as similar to that of the internet retail giant Amazon.

The outgoing governor of the Bank of England Sir Mervyn King has warned that a government scheme to help the housing market should not become permanent.

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.

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

Ed Miliband has vowed to rip up the rule book as prime minister and go it alone if there is no international consensus to tackle multinationals engaging in massive tax avoidance.

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

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.

LONDON�An independent Scotland would have an exceptionally large banking sector compared with the size of the rest of its economy, making it vulnerable to financial shocks and putting Scottish taxpayers at significant risk if the country is hit by another ...

Monday 04:05 BST. Asian stocks extended gains, following a two-week rally, as investors cheered an upbeat reading on US consumer confidence.