People

The double-dip recession is deeper than originally feared, with revised figures today showing a sharper decline in the economy in the first three months of 2012.

The UK is back in recession after a surprise 0.2% contraction in the economy in the first quarter of the year, official figures revealed today.

Many people earning over £10 million a year pay less than 10% in tax, the Treasury has revealed.

Almost nine out of 10 charity bosses fear big donations from wealthy backers will be hit by Chancellor George Osborne's cap on tax relief for charitable donations, according to a survey.

The big six energy companies – EDF, Eon, British Gas, Scottish and Southern Energy, Scottish Power and Npower – have agreed to write to customers every year to tell them the firm's best tariffs for them and how to get it, the Government will announce today.

Families with children stand to lose £511 a year on average under tax and benefit changes coming into force from tomorrow, an analysis by a think-tank shows.

Higher rates of the air passenger duty (APD) airport departure tax take effect this week, meaning passengers will pay around 8% more for travel.

The price of petrol has broken through the 140p a litre barrier for the first time.

Chancellor George Osborne has partly reversed a planned cut in child benefit, meaning more families will be entitled to help than was originally proposed, though anomalies still exist and confusion still reigns.

Pensioners were the big losers from today's Budget, with the news 4.4 million will pay more tax from April 2013, at an average loss of £83 each per year. This has been dubbed the new 'Granny Tax'.