Swinney slams UK 'mismanagement'

The Scottish finance secretary blames the "mismanagement" of Westminster for the "acute financial challenge" facing Scotland.

VAT Increase in UK gets mixed reactions from Pinoys

LONDON - The United Kingdoms coalition government presented its first budget to the House, and announced that it will increase the standard rate of Value Added Tax (VAT) from 17.5% to 20% from January 2011, as part of the governments fiscal consolidation.

The EU's economic governance: Rewriting the rulebook

The Greek sovereign debt crisis is forcing Europeans to rethink the coordination of their national economic policies, confronting the euro area with its most severe test since its launch eleven years ago.