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Adult money habits set by age of seven

Children aged seven are capable of complex thought processes related to money, research reveals

Motorists get relief with cheaper fuel

UK fuel prices have fallen dramatically over the past two months

UK economy grew by 0.3% but concern that underlying growth weak

The services sector was the driving force behind UK GDP growth

The ONS confirmed that the UK economy grew by 0.3 per cent in the first quarter of 2013 helped by the services sector but economists are concerned that the recovery is eak.

IMF urges Bank to provide clarity on inflation and rates

Sir Mervyn King was outvoted on QE at the May meeting of the MPC

The minutes from the Bank of England's latest meeting of the Monetary Policy Committee reveal the governor, Sir Mervyn King was on the wrong side of a 6-3 vote against more QE again.

Nationwide's share of mortgage market rises to 15%

Nationwide announced a solid set of results

Nationwide announced a three per cent rise in profits to £210 million and a rise in its market share for the current account and mortgage markets.

SSE warns of more price rises despite 27% profit jump

SSE has announced a 27 per cent increase in profits

SSE has announced a 27 per cent increase in annual profits for its UK residential business, up to £410 million on the back of a long cold winter after raising prices by nine per cent in October 2012.

Retail sales dip in April due to cold weather and Easter timing

Retail sales fell 1.3 per cent in April due to the timing of Easter in March and the cold weather, according to the latest official data from the Office for National Statistics.

IMF urges Osborne to slow the pace of austerity

The IMF has delivered its verdict on the UK economy

After a two-week visit the IMF has concluded that the UK economy is still far from a "strong and sustained recovery" but the chancellor George Osborne shows no sign of a change of tack.

HMRC misses tax credit fraud target by £5 billion

HMRC has missed government targets on reducing fraud in the tax credit system

A new report by the Public Accounts Committee has found that HMRC has only managed to reduce fraud and error in the tax credit system by £3 billion after being set a target of £8 billion by the government.

Oxfam says stopping tax evasion could end poverty twice over

Oxfam says lost tax revenue could solve extreme global poverty twice over

A new report by Oxfam is calling on the UK to back up tough talk on global tax evasion with effective action and states that more than one third of money in tax havens is in bank accounts on UK territory.

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