I have learned that the Conservatives will not implement a key part of their National Insurance tax cut next year, in order to make a start on raising the main income tax threshold to £10,000 a year. Confirming what Robert Peston reported earlier, the Conservatives have indeed taken on this...

It’s official: the future of the eurozone is more important than Nick Clegg. Along with other markets, the FTSE has soared on the back of the deal agreed by European officials early this morning, and for good reason. If we are to take this package at face value, the rules of European...

Like the rest of us, investors are in wait and see mode. If it happens, and that is a big if – the debate will turn to what kind of budget a Conservative minority government could get the Liberal Democrats to support. Traders sold the pound this morning; it has now lost several cents...

The head of the European Central Bank once again said today that a Greek default “would not happen”. Every G20 official – in or outside the eurozone – will tell you the same thing: with markets as fragile as they are, it is unthinkable that a sovereign government would...

Our major political parties have disagreed on plenty over the past four weeks but they agree on this: economic growth could not be more important to Britain’s future. Put simply: growth is how we get out of this mess. Where they differ is over which strategy is most likely to secure...

The Greek support package has not yet failed. But you can hardly call it a success. Investors have little more confidence in Greek debt than they had last week. And – it seems – little confidence in the eurozone either. The euro today sank to a one year low, and markets shuddered...