Britain records biggest budget surplus in seven years in January

Britain posted its biggest budget surplus since before the financial crisis in January, as stronger tax receipts put Chancellor George Osborne firmly back on track to meet the Government's borrowing target this year.

Debt crisis: France must find €10bn of savings

France must find up to €10bn (£8bn) of savings to bring its budget deficit under control this year, finance minister Pierre Moscovici has said.