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Both sides know that the top rate of income tax is mainly symbolic

Turmoil fear as US pulls back from 'fiscal cliff'

Markets worldwide face volatility after late compromise on tax rises and spending cuts

Ed Miliband has backed the introduction of the Living Wage, along with London Mayor Boris Johnson

Living wage for all workers would boost taxes and GDP

Five million people, including three million women, are paid below the living wage

The news is an embarrassment for the Chancellor, George Osborne, who boasted earlier this month he was successfully bringing the deficit down

Deficit worsens despite George Osborne's boast

Public-sector borrowing rose in November continuing a trend of deterioration

David Cameron: Labour is the party of 'unlimited welfare'

Prime Minister hit back after the Labour leader accused ministers of drawing up tax policies designed to benefit wealthy supporters

Google's search for tax haven saves company £2bn in tax

Type 'Bermuda Tax' into Google and the search engine's hi-tech algorithm completes the thought with a number of suggestions, including: 'Haven.' We can only speculate whether or not function would receive the approval of the company's battery of lawyers and accountants after it was claimed that Google had shifted nearly $10bn of revenues to a shell company based in the picturesque British Overseas Territory, and thus avoided around $2bn in worldwide income taxes in 2011.

Google 'avoids billions in taxes via Bermuda'

Type “Bermuda tax” into Google and the search engine’s high-tech algorithm completes the phrase with a number of suggestions, including, “haven”.

The Chancellor's Autumn Statement has left the poorest and the richest households in the country bearing the brunt of austerity measures and service cuts

Poorest and richest bear the brunt of George Osborne's Autumn Statement leaving 'squeezed middle' relatively unscathed

The package of tax rises and benefit cuts will cost the poorest 10 per cent of households in Britain £3.34 per week by 2015, while the richest 10 per cent will see their incomes decline by £8.05

George Osborne denies fiddling the figures

George Osborne denied that the poor were bearing the brunt of austerity as he defended his mini-budget today.

Age of austerity to last another six years, downbeat Osborne warns

The Coalition Government will agree an extra £10bn of spending cuts by next June as George Osborne admitted the "age of austerity" would last for at least another six years in a downbeat mini-budget yesterday.

George Osborne with Chief Secretary to the Treasury Danny Alexander yesterday

George Osborne's raid on middle class: 400,000 forced on to 40p income tax rate

Benefits capped, growth forecasts slashed and austerity plans extended to 2018: Chancellor breaks bad news in Autumn Statement

Hard-pressed drivers were given some respite as Osborne scrapped the fuel duty rise

Autumn Statement at a glance

Hard-pressed drivers were given some respite as Osborne scrapped the fuel duty rise

Now Congress must sort out the fiscal cliff crisis

Which way will the US turn over the fiscal cliff? The key question about George Osborne's Autumn Statement is one the Chancellor can't answer

Our Chief Economics Commentator sets the scene for this week's statement

Chancellor George Osborne confirmed that he would look for greater contributions from the wealthy as he seeks to tackle the UK’s deficit

Government considering £1.8bn raid on tax relief

The amount of money that people will be able to pay into their pension pots without paying tax on it could be slashed by up to a third as part of a £1.8bn raid on tax relief.

Satyajit Das: Fiscal cliff not big enough to solve US debt problem

Stateside View: What is needed is a review of all spending to better target it and align it with tax revenues
Since George Osborne delivered his Budget in March companies have paid £24.9bn in corporation tax, 9.8 per cent less than the £27.6bn they handed over in the same period of last year.

Britain's missing billions: counting the true cost of corporate tax avoidance

There's a painful subtext to yesterday's public finance figures. While most of us are paying more tax, many big companies are paying less

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Lindsay Lohan's West End debut

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Off on an intrepid trip? Experts from student trip specialists Real Gap and Quest Overseas recommend luggage for travellers on the move
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New app reveals political leanings of food companies
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One mother's story of how London charity Maytree helped her son with his depression
A roller-coaster tale from the 'voice of a generation'

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A roller-coaster tale from 'voice of a generation' Lena Dunham
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In fact it, as much as anywhere, deserves independence
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Designer 'felt pressured' into going out with Sex Pistols manager
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Jordan Dunn became one of the best-paid models in the world