British chancellor George Osborne said last week some of “the largest companies in the world”, including tech giants such as Google, Facebook and Amazon, were using “elaborate structures” to avoid tax.  Photograph: Jens Meyer/AP Photo

Multinationals will be given 30 days to pay a 25 per cent penalty tax by the British Revenue and Customs if it decides that they have improperly shif(...)

UK prime minister David Cameron addresses the CBI annual conference in London.

The fall in real wages in the United Kingdom cannot “go on forever”, the Confederation of British Industry warned yesterday, warning that the squeeze (...)

A statue of Henry Royce stands outside the Rolls-Royce plant in Derby. The engineering group revealed plans to cut 2,600 jobs in its aerospace division, with the threat of more cuts to come.
Photograph: Reuters

It was a day of contrasting fortunes for British workers yesterday. First there was good news in the form of a landmark ruling that overtime should be(...)

While Ed Miliband’s personal ratings remain abysmal, even when compared with those of David Cameron, opinion polls consistently give the party an electoral lead. Photograph: Dan Kitwood/Getty Images

Britain’s business community has largely ignored the Labour Party since the fall of Gordon Brown, but with a general election on the horizon, the corp(...)

Mark Carney, governor of the Bank of England, gestures during the bank’s quarterly inflation report news conference in London last week. Minutes released today of the bank’s nine-member Monetary Policy Committee’s meeting on August 6th-7th revealed that two members voted to increase interest rates, ending the longest period of unanimity in the MPC’s 14-year history.  Photograph: Simon Dawson/Bloomberg

Bank of England policymakers broke ranks over interest rates for the first time in three years this month, when two unexpectedly voted to tighten poli(...)

A customer places items from a display of bread goods into her shopping cart inside an Asda supermarket, the UK retail arm of Wal-Mart Stores. Photographer: Simon Dawson/Bloomberg

UK retail sales rebounded in July as consumers boosted spending on food, clothing and footwear, the Confederation of British Industry said. A gauge of(...)

Governor of the Bank of England Mark Carney will chair a “panel of respected figures” from outside the industry set up to appoint a chairman of the council and to ratify the appointment of its chief executive. Photograph: Simon Dawson/Bloomberg

A new standards body for British bankers will be launched this year, with a chairman appointed by an independent panel led by Bank of England governor(...)

Britain’s deficit in the 2013-14 tax year fell to 6.6 per cent of gross domestic product from 7.4 per cent in 2012-13 - in line with recent government plans.  Photograph: Chris Ratcliffe/Bloomberg

Britain’s budget deficit fell to its lowest since the financial crisis, official data showed today, bolstering the government’s case that it is(...)

Minister for Finance Michael Noonan with Northern Ireland MInister for Finance Simon Hamilton.

Investment-seeking trips to the US and stating the obvious appear to be among the favourite past- times of some Ministers in the Northern Irela(...)

The CBI put the value of EU membership as 4-5 per cent of UK GDP. Photograph: Dieter Spannknebel

Membership of the European Union benefits the United Kingdom by up to £78 billion (€92 billion) a year – equal to the economies of Northern Ireland an(...)