UK wages rising at fastest rate since October 2007, thinktank says

Employment figures for April due later this week are expected to show the biggest rise in real wages growth for nearly eight years, according to new analysis.

OECD tells George Osborne to spread pain of public spending cuts

George Osborne should spread the pain of tough public spending cuts beyond the next two years, according to the OECD in a critique of the chancellor’s debt consolidation strategy.

Ed Balls proposes spending watchdog role in vetting expenditure plans

Ed Balls has sought to reassure voters that Labour can be trusted with public finances by announcing plans to allow the Office for Budget Responsibility (OBR) to check future governments’ spending commitments are affordable.

Canada First-Quarter Growth Slows as Harsh Winter Bites

Canada’s economic growth slumped in the first quarter as a harsh winter in North America slowed housing construction, business spending and exports.

UK public sector borrowing falls to £12.1bn in December

UK government borrowing fell in December to £12.1bn, down £2.1bn from a year earlier, according to official figures.

OECD warns Slovenian banks on volume of bad debts

LJUBLJANA: The OECD sounded the alarm Tuesday over the huge volume of bad debts strangling Slovenian banks but said that there was no immediate prospect of the country becoming the latest eurozone member after Cyprus to need a bailout.

UK data point to meager growth, public finances worsen

LONDON (Reuters) - Britain's dominant services sector posted meager growth in October, which may be just enough for the economy as a whole to avoid contraction in the last three months of 2012.

Bank of England hands QE income to Treasury

The Bank of England has said it will give the Treasury the interest it earns on certain government debts it holds.

Osborne's austerity drive cut 270,000 public sector jobs last year

More than 30,000 NHS workers and 71,000 in education were among more than a quarter of a million public sector staff who lost their jobs in 2011 as the government's austerity measures started to bite.