Osborne is misleading over cuts needed to balance books, says IFS

The Institute for Fiscal Studies has warned that the government has given a misleading impression of the size of the cuts required for George Osborne to meet his pledge to balance the books over the next three years.

What Is ‘Middle-Class Economics’?

An awkward truth for politicians looking to help the middle class is that there’s much less the government can do for them than for the poor.

G-20 Plans $2 Trillion Growth Boost to Uneven Global Economy

Group of 20 leaders agreed to take measures that would boost their economies by a collective $2 trillion by 2018 as they battle patchy growth and the threat of a European recession.

World Bank cuts growth outlook as Ukraine crisis weighs

(Reuters) - The World Bank on Tuesday trimmed its global growth forecast, saying a confluence of events, from the Ukraine crisis to unusually cold weather in the United States, dampened economic expansion in the first half of the year.

African invoice fraud hampers development of poorest nations

More than $60bn (£36bn) has been illegally siphoned out of Uganda, Ghana, Mozambique, Kenya and Tanzania over 10 years, with most of it squirrelled away in tax havens, according to a report by financial transparency campaigners.

Senate to vote on restoring jobless benefits to 1.3 million Americans

The Senate was poised for a crucial vote to temporarily restore long-term unemployment insurance on Tuesday, despite arctic conditions preventing some legislators from making it to Capitol Hill.