Osborne: Lloyds Bank sell-off done 'within the year'

Chancellor George Osborne has said he hopes the sale of the UK government's shares in Lloyds Banking Group will soon be completed.

Tobacco firms challenge plain packaging law

Two of the world's biggest tobacco companies have challenged the legality of the UK government's plain packaging regulations.

Serco chairman to leave troubled government contractor

The chairman of Serco, the beleaguered outsourcing firm that has several contracts with the UK government, has announced he will leave the company.

Serco shares plunge after it unveils plans to raise £550m

Outsourcing firm Serco's shares have plunged 32% after it unveiled plans to raise up to £550m through selling new shares and cut its profit forecast.

Lloyds Bank's Horta-Osorio defends £1.7m bonus to BBC

Lloyds Bank chief executive Antonio Horta-Osorio says in an exclusive interview with the BBC that his bonus, worth £1.7m, is aligned with taxpayers' interests.

RBS must do better after payment fault, says boss

The boss of RBS has admitted the bank "has to do better" amid a day of disruption for many customers following a computer failure.

MPs: Sale of RBS or Lloyds 'not for years'

There is a risk that the £66bn invested in RBS and Lloyds Banking Group by the government may never be recovered, a parliamentary committee has warned In a report into the sale of Northern Rock, the Public Accounts Committee said the sale of the bank in 2011 was "fortunate", and Lloyds and RBS may not be sold "for many years".

RBS raises PPI claims bill by a further £400m

Royal Bank of Scotland has set aside a further £400m to cover the cost of claims for mis-sold payment protection insurance (PPI).