The “squeezed middle” is set to benefit from tax band changes in next month’s budget, amid Central Bank warnings that tax rises may be required to rein in an overheating economy.

Government steps in to shore-up prices.

China has become an integral part of the global economy, and it is a fact that but for the growth in China over the last few years, the global economy would have gone into an even worse meltdown, writes Jim Power

The dollar pared gains as US stock markets erased advances after China cut interest rates following Monday’s global equity wipeout.