He warned that there "was no place in the long run" for George Osborne's Help to Buy scheme, which will guarantee up to 15 per cent of mortgages on properties worth up to �600,000 from next January.

An EU crackdown on bankers' bonuses in the City of London will just lead to a surge in basic salaries and other initiatives to circumvent regulations, experts warned on Saturday.

Nuffield Health, the charity that runs gyms and private hospitals, is the second organisation within a fortnight to offer small investors a high-paying bond.

The founders of troubled Kazakh miner ENRC have been given more time to come up with a better bid, but the City isn't convinced a better offer will be made.

The economic benefits of the HS2 high-speed rail project are unclear, the National Audit Office (NAO) has warned. In a report, the NAO said it had "reservations" about how the planned high-speed rail link would deliver growth and jobs.