It was impossible to find anybody at last week's meeting of the International Monetary Fund willing to believe that the US will actually default on its debts.
A tax windfall from Swiss banks has helped the UK post a bigger improvement in its public finances than expected, giving a boost to George Osborne ahead of his spending review next week.
The former head of Revenue and Customs (HMRC) took into account potential embarrassment to George Osborne when letting off Goldman Sachs from paying up to £20m in interest payments, a judge has concluded.
The minister in charge of tax expressed support for a strategy to undermine evidence from a whistleblower who uncovered the notorious Goldman Sachs "sweetheart" deal, according to emails seen by the Guardian.
Hundreds of millionaires working in Britain's banks will save an average of almost £54,000 when the top rate of tax is cut this weekend, according to figures compiled by the Labour party.
The 80:20 rule applies to the government's austerity policies: about 20% of the Treasury plan for rebuilding public finances rests on tax rises, while 80% comes from reductions in spending.
George Osborne is facing growing calls to cut taxes on middle class incomes after drawing nearly a million extra people into the 40% tax band since becoming chancellor, with another 400,000 expected to join their ranks in the coming tax year.
David Cameron has presided over one of his most fiery cabinet meetings when a group of ministers demanded an end to "ringfenced" spending and two ministers were criticised for failing to promote growth measures.
People who are struggling to pay the mooted mansion tax on Britain's most expensive homes could remortgage their houses to help meet the bill, the Liberal Democrat leader, Nick Clegg, suggested on Wednesday.
Labour are piling pressure on the Liberal Democrats to vote with the opposition and against their Conservative coalition partners in favour of a mansion tax on Britain's most expensive homes.