The richest and poorest in society are set to pay the biggest price of George Osborne's latest tax rises and spending cuts.
Is there any way out for George Osborne and co? The answer, it turns out, is probably 'no'.
The double-dip recession is officially over - but don't be fooled. Britain's economic misery is far from over.
London 2012 may have had a net positive effect on the economy despite lower than expected visitor numbers in August, figures are suggesting.
Only £60 million of the government's £1.4 billion regional growth fund to help boost the economy has reached frontline projects, it has emerged.
Tory troublemaker David Davis is stealing the headlines from the government's growth strategy with his own calls for "economic shock therapy".
Company bosses are pointing the finger at the government as the recession drags on, with a poll out today condemning all the coalition's major reforms to have been completely ineffective.
Britain's dire economic situation could have been avoided with less drastic public spending cuts, an economic think-tank has claimed.
Britain's economy shrank by an unexpectedly bad 0.7% in 2012's second quarter, making this the worst double-dip recession in over half a century.
The coalition needs to abandon its current approach and intervene to get Britain out of recession, an economist has warned.
David Cameron has offered his gloomiest take yet on the longevity of the government's spending cuts agenda.
The number of those out of work has dropped again, prompting an upbeat assessment of Britain's economic prospects from the coalition.
The coalition's deficit reduction strategy is being questioned this morning after figures showed more government borrowing than expected n May.
Here's the chancellor's Mansion House address, in which he announces details of new measures to boost the liquidity of Britain's banks and inject money into the 'real economy, in full:
Bank lending could be increased by as much as £80 billion under a bold new 'funding for lending' scheme unveiled by George Osborne and Mervyn King last night.
As European political leaders look for a balance between austerity and growth, the UK public are grappling with their own trade-offs: wanting low prices on the one hand, but for companies to invest in Britain on the other.
Britain's economy shrunk more quickly than expected in the first quarter of 2011, in a setback to pundits who had doubted whether the UK really was suffering a double-dip recession.
The Bank of England has downgraded Britain's 2012 growth forecast, cancelling out good news on unemployment figures for the coalition.
Labour's leaders are fighting this week's local elections by pointing the finger at the "out-of-touch" coalition government.
David Cameron is refusing to revert to a 'plan B' despite the double-dip recession and a new polling setback for his party.
Economists are questioning whether Britain is really in a double-dip recession, as Labour makes the most of yesterday's news.
Britain's economic recession is being matched by a political one made much, much worse by the coalition. Clegg and Cameron's dream of a 'new politics' is turning into a nightmare.
David Cameron has endured one of his worst PMQs since becoming prime minister, when a return to recession and allegations from the Leveson inquiry proved disastrous for the government.
The prime minister nearly has a Kinnock moment.
The UK economy shrunk by 0.2% in the first quarter of 2012, meaning the much-feared double-dip recession is now a reality.