Round-up: Osborne to admit UK will miss deficit reduction target

Chancellor George Osborne is set to come under more pressure as it emerges the UK will miss its deficit reduction target whilst leader of the opposition Ed Miliband prepares to unleash a further attack on the coalition’s economic policy…here’s our roundup of the nationals.

George Osborne is braced to admit this month the scale of Britain's economic slowdown, demonstrated by youth unemployment spiralling to more than 1 million, means he will be unable to meet his main deficit reduction target before the next election. MORE...

Labour leader Ed Miliband is to repeat his calls for the Government to "change course" to save Britain's economy from hitting a new low in a speech today. MORE...

The wave of City redundancies has prompted finance professionals to warn that several thousand investment banking industry jobs could be lost in the coming months. MORE...

Small business are saying the state of the economy rather than bank behaviour is the main reason why they are not seeking new credit lines as a survey shows banks are still taking a tough line with those that do apply. MORE...

The head for Europe at International Monetary Fund (IMF) has resigned at a crucial time in the efforts to tackle the continent's debt crisis. MORE...

Newly-appointed Italian Prime Minister Mario Monti is due to outline austerity measures aimed at steering the country out of its debt crisis. MORE...

The yuan could threaten the US dollar's dominance as an international reserve currency an independent committee set up by the US congress has warned. MORE...

Spanish 10-year bonds declined this morning, pushing the yield five basis points higher to a euro-era record 6.463%