Green Party leader Caroline Lucas MP has challenged the basic logic of the Coalition Government's massive public spending cuts, saying they are both "destructive and unnecessary."

The Church of Scotland has announced the members of its new Commission on the Purposes of Economic Activity, which will take two years exploring basic ethical and moral questions.

Opinion is divided about how far the International Monetary Fund (IMF) has gone in its proposals for how to make the banks pay for the crisis, says Owen Tudor. For some, it has taken some unexpectedly radical steps forward, but for others it has not yet produced an adequate solution.