Sir Mervyn King, Bank of England governor, on Sunday damped Treasury enthusiasm over �increasing momentum� in the economy, warning George Osborne that his policy to stimulate the housing market could cause future problems.

In the letter to the leaders of ten crown dependencies and British overseas territories David Cameron said he backed their right to low tax jurisdictions, but insisted rules needed to be set and enforced fairly.

Marks & Spencer's store staff could see their meagre �100 bonus trimmed or ditched after the retail bellwether posts a further fall in annual profits this week.

It began as a sideline on a Herefordshire farm little over a decade ago but is now being touted around the world to potential buyers for �100m.

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 in the event of the country being ...