UK CPI inflation has fallen to its lowest level in five years, undershooting estimates as the impact of falling petrol prices dragged the headline level down near to 1%.
Prime Minister David Cameron has said the Conservatives will raise the 40% tax threshold from £41,900 to £50,000 if they win the 2015 General Election.
The Conservatives are said to be planning to merge national insurance into income tax in a major shake-up of the current tax system.
Bank of England Governor Mark Carney has said the 'new normal' for interest rates in the UK will be around 2.5%, a level he predicted they may reach by 2017.
UK shares held on to modest gains this morning after the final reading for UK GDP growth in the first quarter was held at 0.8%.
The governor of the Bank of England has told the UK to prepare for a potential rise in interest rates this year.
The Investment Management Association (IMA) has called on members to "abandon" the use of annual management charges (AMCs) on any literature following the Financial Conduct Authority's guidance on fund fees.
The Financial Conduct Authority (FCA) has fined Invesco Perpetual £18.6m for exposing investors to more risk than they had been led to expect in funds including Neil Woodford's giant income portfolios.
Legal & General (L&G), one of the country's largest annuity providers, has said it expects to see revenues from annuity products fall by three quarters by the end of 2015 following a sweeping reform of the sector.
The UK's headline inflation rate dropped to 1.7% in February, its lowest level since late 2009.
Bank of England (BoE) governor Mark Carney has warned the 2% target for inflation has become a "dangerous distraction" for the UK's policymakers.
Investment consultancy P-Solve is to merge with asset manager River and Mercantile and is planning an initial public offering (IPO) to fund its growth plans.
A series of shock rate hikes have failed to prevent a fresh sell-off in emerging market currencies, with developed market equities including the FTSE 100 also caught in the storm.
The UK's headline inflation rate fell to 2% in December, rounding off a near 1% fall since the summer, official data has shown.
The UK's headline inflation rate has fallen to its lowest level in four years after edging down to 2.1% in November.
The UK's surprise economic recovery looks on course to continue as Chancellor George Osborne raised his forecast for UK growth over the next few years.
Aviva Investors is to cut 6% of its workforce around the globe as part of parent company Aviva Group's major cost-cutting plans.
US employment figures for September have missed expectations which could all but rules out the prospect of a slowdown in US quantiative easing (QE) before 2014.
Bank of England governor Mark Carney has said the UK economy is recovering and does not need a further expansion of the quantitative easing (QE) programme.
The US Federal Reserve surprised investors and sent shares soaring after it unexpectedly opted to hold back on any tapering of its stimulus last night.
The UK's headline inflation rate fell back to 2.8% in July, matching analysts expectations, the latest data has revealed.
George Osborne's austerity plan came under attack today from the International Monetary Fund (IMF) after it downgraded the outlook for UK growth by more than any other advanced economy.
The Evening Standard has apologised to the Chancellor of the Exchequer George Osborne after an image of its front page, meant to be released later today, revealed details of the Budget ahead of Osborne's speech.
Outgoing Bank of England governor Sir Mervyn King said last night the pound is now "properly valued" in a move to halt its slide.
Around 12,000 pensioners who hold annuities with Legal & General have been left without their regular payouts after a technical blunder.
F&C Asset Management has appointed the head of its institutional business, Richard Wilson, as its new chief executive.
The FTSE 100 is approaching an 16-month high today as investors around the globe welcomed Barack Obama's US election victory.
The UK's main inflation rate fell back towards the 2% target in August after reversing a surprise jump the previous month.
Barclays has appointed Antony Jenkins, its former head of retail and business banking, as its new boss.
UK-listed banking giant Standard Chartered saw its shares fall more than 7% at one stage in Hong Kong this morning as it faces allegations of assisting in a $250bn money laundering scheme.
Last week the yield on UK gilts dropped below US treasuries as the Bank of England's quantitative easing programme continued to impact the market.
Brussels is proposing new rules to prevent the manipulation of LIBOR as part of a crackdown in the wake of the rate-fixing scandal.
Barclays boss Bob Diamond has resigned from the bank with immediate effect, just one day ahead of a parliamentary hearing into his conduct following the LIBOR scandal.
The UK economy shrank by 0.3% in the first quarter, the final official reading has confirmed.
The Bank of England's Monetary Policy Committee voted five to four to maintain quantitative easing at £325bn this month, overruling the governor and three colleagues who called for further expansion.
The current crisis in Spain will result in Spanish bank bondholders taking severe haircuts, after a similar scenario in Ireland last year, Henderson Global Investors says.
The Bank of England's monetary policy committee has resisted calls for further quantitative easing and has left its programme of stimulus unchanged, while holding rates.
Sir Nigel Rudd, the former Citigroup banker, is in the running to become the next chairman of Prudential.
Barclays has bowed to pressure from shareholders before its annual general meeting by putting a new clause into boss Bob Diamond's bonus package which could cut his payout in half.
The UK Consumer Prices Index (CPI) climbed in March as higher food and clothing prices pushed inflation up to 3.5%.
As Bank of England governor Mervyn King approaches the end of his tenure, speculation is mounting over who will take the hot seat at the Bank of England when he steps down.
Alan Brown, the chief investment officer at Schroders, is to step down from the board and from his role at the next AGM.
Yields on UK gilts jumped in early trading as investors reacted to the threat of a possible downgrade of the UK's AAA rating.
F&C Asset Management has told investors it expects to take a £2.3bn hit to its assets under management this year when Friends Life withdraws money from its annuities business.
Aviva Investors has restructured its business to focus more on fixed income, real estate and multi-asset investments for institutional clients.
The yield on gilts tumbled near to record lows this morning as investors piled into any sovereigns which have retained their AAA-status after widespread EU downgrades.
Eurozone indices sold off sharply in early trading as fears over a break-up of the region swept across markets once again.
EUROPE - Eurozone indices sold off sharply in early trading as fears over a break-up of the region swept across markets once again.