The UK loses its top AAA credit rating for the first time since 1978, with Chancellor George Osborne saying it will not weaken his "resolve" on the deficit.

Three military charities are to share £1.3m from fines imposed on banks that had rigged interest rates, Chancellor George Osborne announces.

Up to £645m in forgotten funds in bank accounts has been returned in the past five years, a tracing service run by the financial industry says.

Labour attacks the government's economic policy after the UK lost its AAA credit rating, but the coalition says it is "making progress".