British deputy prime minister Nick Clegg and business secretary Vince Cable at the Liberal Democrat conference in Glasgow today. Photograph: Christopher Furlong/Getty Images

Britain’s business secretary, Vince Cable, has delivered a stinging attack on “lying” Tories who suggest that the government can balance its books (...)

Ian Read, chairman and chief executive of Pfizer leaves Portcullis House after attending a parliamentary business and enterprise committee hearing on the possible takeover of AstraZeneca, in London.

As Westminster grillings go, the enquiry into Pfizer’s proposed £63 billion (€77 billion) takeover bid for AstraZeneca was a relatively restrained aff(...)

 Pfizer has proposed buying AstraZeneca for €73bn. Photograph: Bloomberg

Pfizer has thrown down a gauntlet to the British government by warning that it would be a mistake for ministers to block its £60 billion (€73 b(...)

RBS chief executive Ross McEwan: “I welcome the . . . findings which show no evidence of the serious and damaging allegation that we had set out to deliberately defraud our business customers.” Photograph: Simon Dawson/Bloomberg

Royal Bank of Scotland has welcomed a report by a law firm that found no evidence of it systematically defrauding its customers and has promise(...)

“The horror stories disclosed at the meeting were shocking and it became clear that RBS’s problems in Ireland effect north and south,” Mattie McGrath told the committee’s chairman, Conservative MP Laurence Robertson. Photograph: Dara Mac Dónaill/The Irish Times

Ulster Bank’s treatment of business debtors in the Republic has been “shocking” and the bank is “playing games” with regulators, a House of Commons co(...)

Business secretary Vince Cable: “The US subprime mortgage crisis and its British equivalent were built on the shaky foundations of encouraging mass home purchase in inflating markets, and we know where that led. It must not happen again,” he warned.  Photograph: PA

The UK economy is enjoying its fastest rate of growth since the onset of the financial crisis in 2007, with government figures yesterday estimating(...)

The UK government seems to have been taken by surprise at the popularity of the Royal Mail offering, which is heavily oversubscribed and is expected to list at the top of its £3 to £3.30 a share band. Photograph: Paul Thomas/Bloomberg

London is in the throes of a 1980s revival. In Westminster, Tory politicians loudly extol the economic and moral virtues of privatisation, while City (...)

UK business secretary Vince Cable: said there was no evidence that chemicals exported from the UK had been deployed in Syrian weapons programmes. Photograph: Rui Vieira/PA Wire

British officials approved the export to Syria of more chemicals that could be used to make sarin, a powerful nerve agent, than previously acknowledge(...)

British business secretary Vince Cable said he thought it probable the exchequer would retain its 81 per cent shareholding in RBS for the majority of the next parliament. Photograph: Stefan Rousseau/PA Wire

British business minister Vince Cable has indicated that Ulster Bank parent RBS will be in public hands for another five years, according to the Sunda(...)

UK business secretary Vince Cable has asked officials to look at evidence against three former directors of HBOS as the first part of the process required to strip people of access to company directorships. Photograph: David Sleator

UK business secretary Vince Cable is studying whether three former directors of HBOS can be banned from serving as company directors after bein(...)