Estimates used by George Osborne to justify the axing of the 50p top tax rate are "highly uncertain", an influential group of MPs warned today.

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Annual statement reflects new card 'transparency'

Up to 31 million credit card holders can expect see a new annual account statement land on their doormats over the next few weeks and months. It will outline card usage over the year as well as any fees or interest charged.

Osborne: 'No Chancellor can justify a deeply uncompetitive rate of tax that is raising next to nothing'

George Osborne feels the heat on 'pasty tax' and cut in 50p rate

When George Osborne wrote his Budget speech, he will have imagined and pre-empted countless probing questions the Opposition would ask of his tax policies. But what of his pie-eating habits?

Barclays: We took a £7bn handout from the ECB

Barclays has admitted it had changed tack and borrowed cheap money from the European Central Bank in this week's huge liquidity boost. It said yesterday it had taken €8.2bn (£6.9bn) in the long-term refinancing operation, having not done so in the previous round in September.

Knighthood decision a 'token gesture'

A leading union today welcomed the decision to strip former RBS chief executive Fred Goodwin of his knighthood.

The Cabinet Office said the knighthood had been removed on the advice of the Forfeiture Committee because former RBS chief executive Fred Goodwin had brought the honours system 'into disrepute'

Fred Goodwin stripped of knighthood

Ex-banker Fred Goodwin has had his knighthood removed, it was announced today.

Osborne would face Labour claims of opting for a 'Plan B' by announcing tax cuts

Poll: Tories don't believe growth will improve

Conservative MPs do not share George Osborne's optimism that the economy will pick up in the second half of this year, according to an exclusive survey for i.

Even Tory MPs think the economy won't get better

Conservative MPs do not share George Osborne's optimism that the economy will pick up in the second half of this year, according to a new survey.

Anthony Hilton's Week: The tax-exile hedgies cowed into seeking a sneaky return

Leona Hemsley, a New York socialite of the 1980s, is today remembered for only one thing. When indicted and subsequently jailed for tax evasion, she was quoted as having said: "Only the little people pay taxes."

Chote defends OBR record

The Treasury failed to inform its own fiscal watchdog in advance about a key plank of the Autumn Statement, according to Robert Chote, the chairman of the Office for Budget Responsibility (OBR).

Chote made to defend OBR's forecasts

Head of Office for Budget Responsibility tells MPs that he was not informed about Chancellor's national infrastructure plan

MPs in cheque guarantee cards call

MPs kept up the pressure for the return of cheque guarantee cards today by suggesting that the Government could consider stepping in with legislation.

Osborne ready to overhaul Bank of England governance

The Chancellor has indicated that he is ready to overhaul governance of the Bank of England ahead of it gaining more powers over financial regulation.

Bank's Governor to face grilling over QE decision

Sir Mervyn King will be called to account before Parliament today for the decision of the Monetary Policy Committee (MPC) to inject £75bn into the British economy at a time when inflation is running more than double the Bank of England's target.

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Day In a Page

Next in line – but public just can't warm to idea of Charles in charge

Next in line – but public just can't warm to idea of Charles in charge

'Independent' poll finds less that half want him to take throne as ministers moan of interference
Nothing's sacred: the illegal trade in India's holy cows

Nothing's sacred: the illegal trade in India's holy cows

Andrew Buncombe reports from Kaharpara on a bloody war between rustlers and border guards
Mogul grounded: Desmond gives up his jet deal

Mogul grounded: Desmond gives up his jet deal

Media tycoon's company pays £1m to cancel his order for a £36m private jet after drop in profits
How Ai Weiwei built a pavilion in London – by remote control

How Ai Weiwei built a pavilion in London – by remote control

The artist tells Clifford Coonan how he used Skype to escape confinement in Beijing
Nature, nurture... or neither? The new twist in an age-old argument

Nature, nurture... or neither?

The new twist in an age-old argument
Radio 4 to shed its cosy image with a 'sexy' Ulysses drama

Radio 4 to shed its cosy image with a 'sexy' Ulysses drama

New station controller wants to reflect the current period of 'turmoil and uncertainity'
Alcohol: I drink therefore I am

Alcohol: I drink therefore I am

New guidelines warn Britons to drastically reduce their boozing. But is a life without liquor worth living? Hell no, says John Walsh
The Cable News Nightmare: CNN (and Piers Morgan) in audience crisis

The Cable News Nightmare

CNN (and Piers Morgan) in audience crisis
Like a barbie, but better: The Big Green Egg can griddle, roast, and smoke food - and even make pizza

The Big Green Egg: Like a barbie, but better

It can griddle, roast, and smoke food - and even make pizza...
The 10 Best chopping boards

The 10 Best chopping boards

Whether you want to dice veg, chop meat, or just slice up a salad, there’s a surface here to suit every culinary need.
Flat and fabulous: From wraps to foccacias, our appetite for new and exotic breads knows no limits

Flat and fabulous: Exotic breads

Lucy McDonald visits the bakeries of Tel Aviv to to find out what we'll be eating next.
Brendan Rodgers: Just like Mourinho... only different

Brendan Rodgers: Just like Mourinho... only different

Obsessive, ambitious, eager to learn and with no playing career; can the Northern Irishman be Liverpool's Special One?
Gary Lewin: Players need winter break

Gary Lewin: Players need winter break

The England physio tells Patrick Barclay that this spate of injuries is due to the non-stop demands of the Premier League

Countdown's rudest ever moments

Yesterday a contestant spelt the word 'minge'.
Special report: Tamil asylum-seekers to be forcibly deported

Special report

Tamil asylum-seekers to be forcibly deported