George Osborne was facing a backlash from business leader today over his support for a sharp increase in the value of the national minimum wage.
Increase in interest and mortgage rates would be unwelcome news for Coalition
Typical household would save £120 and an average business £1,800 over the 20-month period
KPMG report concludes the £42bn line would have a significant impact on growth across the Midlands, North-west and North-east of England
Outlook So will the Government have the guts to implement the recommendations made today by Will Hutton's Fair Pay Review? Since this is only an interim report, we won't find out for a while yet but, in the meantime, note one of the arguments Mr Hutton puts forward for a cap on the pay of public sector executives as a multiple of that of junior staff. It is that rather than importing the worst excesses of the private sector, in the name of competing for talent, the public sector ought to set an example in the hope that its opposite number follows.
Chancellor's strategy called into question as national debt approaches £1trn mark
The Government was facing mounting anger from business groups tonight over plans to phase out the so-called default retirement age (DRA) of 65 by October next year.
John Rentoul, Jane Merrick, Brian Brady and David Randall evaluate ways of going even further than next week's Budget cuts
Wen Jiabo could have been forgiven for looking forward to his grand tour of Europe, culminating in a three-day visit to Britain.
How good is Luiz Felipe Scolari's English? He speaks it so rarely that it is difficult to know but one thing is for sure: it is a lot better than the Brazilian has let on. In March 2006 he shared a stage with Sir Bobby Robson at the Institute of Directors' spring lunch in London. Scolari often supplemented his income from the Portuguese football federation with speaking engagements – as a World Cup-winner he was in demand.