Households are facing a continued squeeze on their spending power after a leading forecaster warned that high inflation was here to stay.

David Cameron has written to the leaders of Britain's offshore tax havens stressing the need to "get our own houses in order" as he pushes for international action to tackle avoidance schemes.

Business Secretary Vince Cable has refused to rule out becoming leader of the Liberal Democrats, but insisted that it was "not something I'm thinking about".

One of the key architects of New Labour said that the politics of the Blair-era government was over and that it was time for a new generation with new ideas.

Sir Mervyn King has called for an end to bankers being "demonised" for their role in the financial crash, insisting the problem was with the system rather than individuals.