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Banks hit hardest in revenue-raising budget

Oliver Twist

Banks bore the brunt of George Osborne’s revenue-raising initiatives in a budget that was otherwise welcomed by business leaders for bolstering the oil and gas industry and pushing on with cutting corporation tax to one of the lowest levels in the G20.

Miliband: austerity will worsen under Tories

Ed Miliband

Ed Miliband has warned that the pain of austerity will worsen if the Tories win the general election, and accused the party of seeking to hide an “extreme plan” to impose “colossal” spending cuts in the next parliament.

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