©Jonathan McHugh

Osborne swaps axe for tax to seize centre

Chancellor scraps plan to scrub tax credits and eases spending cuts

How do Osborne’s sums add up?

Higher forecasts and taxes spare many departments from the pain

Devolution distances Westminster from cuts

No big shrinkage in state but Osborne shifts power to cities

‘Lucky’ Osborne sidesteps political threat

Chancellor again shows ability to be flexible

Business surprised by Spending Review

Chancellor refrains from cutting innovation and research budget

Moscow seeks economic redress over jet

Open calls for military action remain conspicuously absent

Brazil bank chief held in Petrobras probe

‘Car wash’ corruption case widens with senator arrest

Cameron sets sights on Isis in Syria

PM seeks to expand UK’s role in global coalition

Merkel defends open-door refugee policy

Chancellor stands firm after France joins call for curbs

Rosneft’s $15bn financing beats sanctions

China likely to be source of advance payments for oil supplies

Citic cited for misreporting derivatives

Misreporting equity swaps may have concealed margin lending

Sales fall at Philip Green’s Arcadia

Underlying sales fell 2.3% in past 10 weeks

Comment & Analysis


The riff: Periods and marketing taboos

A tussle over adverts in New York shows how attitudes must change

We are all Eurasian now

In the new age of geopolitics Europeans must think on a supercontinental scale, writes Bruno Maçães

Private equity targets Premier League

Fast-rising income and cost control have generated irresistible financial rewards

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