British chancellor of the exchequer George Osborne makes a statement to MPs in the House of Commons following the Greek referendum vote to reject the austerity terms demanded by its international creditors.  Photograph: PA Wire

Euro zone countries, such as Ireland, who had to impose major spending cuts, will find it difficult to understand if Greece is now allowed to escap(...)

UK chancellor of the exchequer George Osborne has indicated that he wants to begin reducing the government’s £32 billion stake in RBS. Photograph: Danny Lawson/PA Wire

Britain is planning to sell half its stake in Royal Bank of Scotland, worth £16 billion, within two years, according to sources have said. Chancellor (...)

The levy was initially introduced in 2011 not only to raise money but also to discourage banks from risky borrowing

Britain’s banks have called on the government to phase out the bank levy, saying it is damaging the competitiveness of the industry and causing them t(...)

UK Labour Party  ‘still in deep shock after its defeat and the UK’s future figures little in its current leadership contest’ ....   contender Andy Burnham (right) speaks as fellow contenders  listen during a hustings Photograph: Joe Giddens/PA Wire

‘Can we still save the union?” Stephen Heseler asks the question in a pamphlet published by the Federal Trust in London, entitled The United Kingdom, (...)

Royal Bank of Scotland could be liable for an enormous sum if it loses lawsuit over its handling of mortgage securities.  Photograph: Chris Ratcliffe/Bloomberg

United States regulators have told Royal Bank of Scotland Group it could pay as much as $13 billion (€11.7 billion) if it loses a lawsuit over its han(...)

Bank Of England governor Mark Carney: “Britain’s attitude to this developing crisis is clear: we hope for the best; but we prepare for the worst.” Photograph: Ben Stansall/WPA Pool/Getty Images

The European Union has built up “quite strong” defences over the last few years to guard against the danger of contagion from the Greek crisis, the Go(...)

Sinn Fein party colleagues Michelle O’Neill, Deputy First Minister Martin McGuinness and Conor Murphy announce that Sinn Féin will back Stormont’s so-called ‘fantasy budget’ in an attempt to buy time to find a solution on welfare. Photograph: David Young/PA Wire

The possibility of the collapse of the Stormont institutions has been put back after Sinn Féin decided it would conditionally endorse the so-called “f(...)

UK chancellor George Osborne is the latest politician trying to enshrine a balanced budget rule into national law. Photograph: Stefan Rousseau/PA Wire

Budget battles are nothing new. But the current attempts by so many different countries to tie the hands of tomorrow’s profligate politicians are with(...)

The budget deficit fell to £10.1 billion from £12.4 billion a year earlier, a smaller gap than economists had forecast.

Strong income tax receipts pushed British government borrowing to its lowest May reading since 2007, adding to signs that revenue growth could play a (...)

Nishi Ward: The planned corporate tax reduction would, he says, allow him to invest more in his already-profitable business and target growth in new international markets

If corporation tax were cool, Eamonn Donaghy of KPMG in Belfast would be the Bono of his world – half quiet tax accountant, half buccaneering campaign(...)