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

With the $1.1 billion acquisition of Tumblr apparently wrapped up and ready to be announced Monday morning, Yahoo Yahoo and its hard-charging CEO Marissa Mayer are making a big bet that the Internet pioneer can return to relevance.

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.

... Off. � UK business chiefs say 'we need to stay in EU' � Sir Mervyn King: stop 'demonising' bankers � Inflation 'may hamper Carney', warns ITEM Club � Yahoo agrees to buy Tumblr for $1.1bn � M&S under tax spotlight over Irish arm � Google chief criticises ...

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

The study said a separate Scotland could have �significant difficulties� replicating the UK's Financial Services Compensation Scheme (FSCS), which protects bank deposits of up to �85,000.

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.

The number of empty shops on Britain's high streets has surged to a new high of 11.9 per cent, a survey suggests today. The percentage of vacancies in April worsened from 10.9 per cent in January and was the highest rate since the British Retail Consortium ...

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.