George Osborne likely to miss deficit reduction target as UK borrowing rises

The chancellor is on course to miss his deficit-cutting target this year, according to the latest figures, giving him a headache in the run up to the 2015 election when the economy takes centre stage.

London housing boom shows signs of cooling as sales stumble

The London housing market stumbled in July as sales dropped and inquiries fell at their fastest rate since the onset of the credit crisis, in a further sign that the UK property market is cooling.

Public borrowing figures show George Osborne on track to meet target

Chancellor George Osborne is on track to meet his budget goal for this year, economists said on Tuesday after the latest public finance figures suggested a quickening economic recovery was boosting government coffers.