Britain’s blue-chip bosses saw their pay rise by by 10 per cent in 2011, while their staff earned just 1 per cent more. So why is Vince Cable watering down plans to control executive pay?
The Government is to announce U-turns on controversial Budget proposals dubbed the pasty tax and the caravan tax.
Britain should cut interest rates and consider quantitative easing to stimulate growth, the IMF says, on the back of reports showing 3 per cent inflation and predicting the recession is almost over.
More than 30,000 off-duty police officers march through central London in protest at cuts aimed at reducing their numbers by 20 per cent.
Spain partially nationalised banking giant Bankia SA after concerns about its real estate exposure in a scenario reminiscent of the Irish crisis following the 2008 implosion of Lehman Bros.
In an interview with Channel 4 News Chancellor George Osborne defends his decision to give an extra £10bn loan to the International Monetary Fund while preaching austerity measures at home.
As MPs debate George Osborne’s budget, the National Pensioners Convention lobbies parliament over cuts to older people’s tax allowances.
The Channel 4 News FactCheck team looks at how three generations have fared financially – from the baby boomers to today’s school leavers.
Estimates used by Chancellor George Osborne to justify axing the 50p top tax rate are “highly uncertain”, an influential group of MPs has warned.
Gary Gibbon
On normal work days I share a postcode with the Prime Minister, but he’s decided to do his first UK TV interviews since the Budget in Jakarta. You can see mine on Channel 4 News tonight at 7.
“What is clear though, is that the Office of Tax Simplification does not offer much of an alibi for the change announced on Wednesday.”
Gary Gibbon
A level of taxation that was once meant for a relatively small minority of the wealthiest members of the working population could be moving towards a state where a huge chunk of the population might find themselves in its grasp in the course of a working lifetime.
More than four million pensioners will be worse off following changes announced by Chancellor George Osborne in his budget that have been dubbed a “granny tax”.
Part of the 2012 budget was dedicated to making the tax system simpler. Channel 4 News casts an eye over the topsy-turvy world of value added tax.
“It’s such a huge shortfall that both sides have only just stopped short of accusing each other of cooking the books.”