British prime minister David Cameron: ‘Next to the prime ministers who were physically hollowed out by the stresses of power, he looks like he has spent the past five years in a spa’. Photograph: Mark Runnacles/PA Wire

The Conservatives should have sensed that the quest to lead them was getting out of hand as early as last October. When Nicky Morgan publicly envisage(...)

The European Commission has outlined proposals to tackle large scale corporate tax avoidance by multinational companies. The initiative follows measur(...)

George Osborne cited ‘market turbulence’ for his decision to postpone the sale. Photograph: EPA

UK chancellor George Osborne has postponed the sale of his government’s final stake in Lloyds Banking Group, blaming turbulence in the global markets.(...)

Google has said it is complying with British law. Photograph: PA Wire

The European Commission has said it will examine Google’s controversial settlement with British tax authorities, under which it agreed to pay £130 mil(...)

The Google tax deal has provoked outrage in Britain but  the UK revenue commissioners have declined to give details of it. Photograph: Nick Ansell/PA Wire

Britain’s chancellor of the exchequer, George Osborne, faced fresh questions last night over a tax deal with Google that allowed the company to pay j(...)

Andrew Bailey, the deputy governor of the Bank of England, who has been appointed head of City watchdog, the Financial Conduct Authority. (Photograph: Suzanne Plunkett/PA Wire)

Bank of England deputy governor Andrew Bailey will become the new chief executiveof the UK Financial Conduct Authority, as the Treasury turned to a f(...)

Chancellor George Osborne is coming under pressure in Parliament over Google’s controversial £130 million deal with the taxman. (Photograph: Nick Ansell/PA Wire)

Downing Street distanced itself on Monday from George Osborne’s claim that the tax deal with Google represented “a major success”, amid growing criti(...)

Cecil Parkinson in 1982: he “would have been the most natural candidate to succeed Margaret Thatcher”, according to former minister Malcolm Rifkind. Photograph: PA Wire

Former British cabinet minister Cecil Parkinson has died aged 84 after a long battle with cancer, his family has announced. The Tory grandee served i(...)

The British settlement could lead to Google  agreeing to pay more tax in other European countries where it is under scrutiny. Photograph: Chris Ison/PA Wire

Google has reached a settlement with the UK to pay £130 million in back taxes and higher taxes in future. The deal could see Google paying more in ot(...)

Christine Lagarde demonstrated leadership during the global financial crisis, Minister for Finance Michael Noonan said. Photograph: Fabrice Coffrini/Getty

Christine Lagarde has picked up support from European countries including Ireland and a one-time rival for a second term as leader of the Internationa(...)