The UK is owed £22bn in tax, fines and other debts and the government has "failed" in its approach to recoup it, according to a report from the Committee of Public Accounts.

House prices in London are expected to fall over the next three months, according to a poll of chartered surveyors.

Insurance companies are to be forced to provide clearer information on annual renewal quotations, after coming under pressure from consumer groups.

Plans for a cap on interest rates on payday loans from January 2015 are announced by UK regulator the Financial Conduct Authority.

Young people were hit far harder by the recession than older generations, both in terms of incomes and employment, a report finds.

A new internet domain for Scotland is being launched, allowing people to choose a .scot web or email address for the first time.

UK consumer price inflation rose to 1.9% in June from 1.5% in May, driven by price rises in women's clothing and air fares, official figures show.

Annual house price inflation hit 10.5% in May, the highest rate for four years, according to the Office for National Statistics.