An emergency budget in the UK to deal with the fallout from the referendum vote to leave the EU now looks unlikely.

British finance minister George Osborne told voters that leaving the EU would cost each household thousands of pounds a year and sap funding for public services because it would do permanent damage to the country’s economy.

UK chancellor of the exchequer George Osborne is bracing for a row with France and other European countries as he resists moves to make the ownership of trusts and foundations fully transparent, according to officials involved in Group of 20 talks in Washington.

€1.64b of cuts abandoned as public spending ‘under control’

UK chancellor George Osborne is on the verge of missing his target for cutting the budget deficit in the current financial year, official data showed yesterday.

Britain is on the verge of a deal with Brussels which would allow it to scrap the so-called "tampon tax", George Osborne has said.

The UK’s amateur landlords, already bruised by higher taxes when they buy rentals and lower rates of tax relief, could be facing a new blow.

Chancellor George Osborne has called for Britain and China to “stick together” as “partners in growth”, as he addressed financiers at the Shanghai Stock Exchange.

British prime minister David Cameron said yesterday he would introduce tough fines for company bosses who fail to pay the so-called ‘national living wage’, which will hit £9 (€12.25) an hour by the end of the decade.

Britain’s public finances recorded their first July surplus in three years, driven by the strongest tax receipts for the month since records began in 1997.

UK Chancellor George Osborne hailed a bumper month for tax receipts as the UK’s public sector finances posted a July surplus for the first time since 2012.

Lloyds Bank is expected to set out its dividend plans next week, including a potential return of surplus cash to shareholders, making its stock more attractive ahead of a possible sale to retail investors, industry sources have said.

The British government unveiled plans yesterday to centralise financial regulation further at the Bank of England and reinforce its own powers to shield taxpayers from having to prop up failing lenders in future.

Britain is planning to sell half of its stake in Royal Bank of Scotland (RBS), worth £16bn (€23bn), within two years of a possible first sale in September, sources with knowledge of government thinking have said.

Chancellor George Osborne yesterday received a boost ahead of his emergency summer budget as official figures showed a better-than-expected improvement in the UK’s public finances.

British chancellor George Osborne, fresh from his Conservative Party’s election victory on May 7, said he would spell out on July 8 how he plans to make further big cuts to public spending and boost the country’s growth prospects.

UK chancellor George Osborne said the budget on Wednesday will offer no giveaways and difficult decisions will still have to be made, as he seeks to drum up support for his Conservative Party before May’s election.

The British Chancellor is set to close a number of loopholes used by Google, Amazon and other multinationals who have headquarters in Ireland.

British Chancellor George Osborne has defended his response to the HSBC scandal, insisting the British government was cracking down on tax dodgers but it would be wrong for him to interfere with HM Revenue and Customs investigations.