News US President Barack Obama pauses while making a statement about the death of former South African President Nelson Mandela in the briefing room of the White House

US politicians are closing in on a deal to ease the impact of spending cuts worth up to $200 billion (£122 billion) which are due to hit home next year, it emerged today.

Mortgage deals are likely to get cheaper

People planning to remortgage or fund a house purchase may find that the deals on offer get cheaper over the coming weeks and months, mortgage industry insiders have said.

Borrowing £5bn less than expected

The Government modestly undershot its expectations for public borrowing in the last financial year by nearly £5 billion, official figures revealed today.

Money Insider: Improved mortgage deals as swap rates recede

during the first six weeks of 2011 there was a growing belief that the Bank of England Base Rate would increase sooner than initially anticipated, something that was reflected in the increased swap rates. This resulted in many lenders re-pricing fixed rate mortgages and left borrowers feeling that they had missed the bottom of the market.

Growth forecasts revised down

The UK's recovery prospects were dealt a blow today after Chancellor George Osborne revealed a cut to growth forecasts and said the public finances were likely to be more stretched than previously expected.

Bond Buy: Jameel family pay 21m for Piaget store

A Saudi Arabian family, estimated to be worth $3bn, has bought the Piaget store on Old Bond Street in yet another record deal on London's exclusive shopping street.

Rate rise could be shocking for borrowers

Fixing could protect against mortgage rates climbing next year. Simon Read reports

Questions Of Cash: 'My funds were sent to the wrong account'

Q. ING Direct closed my account at my request, but transferred the funds – almost £90,000 – to the wrong account. It admits this, and that it was their error, but says it cannot reimburse me until it locates the missing funds. It has even suggested that I should track down the funds myself – and that this would be quicker. GF, London.

Yamauchi targets Great North glory

It just so happens that Anthony McPartlin and Declan Donnelly have been asked to fire the starting gun to get the 30th edition of the Bupa Great North Run underway in Newcastle tomorrow morning.

Storm clouds gather over Britain's high street

Storm clouds gathered on Britain's high street today after a shock fall in retail sales and a slew of pessimistic comments from major players.

Bank chiefs discussed rate increase

Bank of England policymakers considered further action to boost the economy this month amid concerns over tightening credit conditions and a slowdown in the UK recovery, it emerged today.

Lenders fail to notify savers of rate changes

Most banks fail to tell savers about changes to the interest they are earning on their cash, it was claimed yesterday.

Hamish McRae: Things are at a crucial stage for Europe but what if China turns off the tap to the US?

Economic Life: Austerity moves may persuade the markets most weaker eurozone countries are good for their money. Equally, they might decide the US is not a safe haven

Borrowing soars but tax receipts up

Britain's borrowing ballooned by another £12.4 billion last month, but tax receipts rose year on year as the economic recovery gathered pace, official figures revealed today.

Pound hit over hung parliament fears

The pound was punished today amid worries that plans to slash the UK's soaring deficit could be delayed by political uncertainty.

The Sketch: Infamy, infamy, they've all got it in for me!

"For ****'s sake, ****ing VICTIMS, don't you ****ing under****ingstand what the House of ****-Commons is? Ach, you don't know ANYTHING YOU ****S!"

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