Labour's current shadow chancellor also promised not to serve in a shadow cabinet led by Corbyn.
The UK now owns less than 14% of Lloyds bank as government gears up for sale of 80% RBS interest.
The country's Big Four banks all opened almost a third lower than their share price in June.
Caixin/Markit final purchasing managers' index (PMI) declined to 47.8 in July from 49.4 in June.
Move is aimed at protecting the consumers says the central bank.
James K Galbraith says covert 'Plan B' was 'precautionary troubleshooting'.
Concerns around automotives, data protection of biologics, dairy and sugar remain as roadblocks.
Local businesses suffer as M20 in Kent is closed due to chaos in Calais.
MPC members expected to break ranks and push for rise
Natwest has confirmed it is aware of the problem and is working to fix its online banking
The prime minister has called for an extraordinary party congress in September to discuss Syriza's future.
Council wants India to have rigorous hallmarking system to boost consumer trust in India-made jewellery.
Business leaders urge government to approve Airports Commission's recommendation to expand Heathrow.
Greek government will do 'nothing beyond' signed debt deal as creditors demand more reforms says Tsipras.
The island nation is struggling under a $72bn debt burden.
Commodities currencies except NZ dollar show weakness ahead of Fed decision.
Heineken has 42% stake in India's beer market leader UB Group which has 51% market share while Diageo dominates the spirits market with 40% share.
Concerns over implications of an economic slowdown on the rest of the world.
UN Ad Hoc Committee on Sovereign Debt Restructuring adopts nine principles in this regard.
Greece's Supreme Court passes on complaints against Varoufakis to parliament.
The Shanghai Tower will be the world's second-tallest building when it opens later in 2015.
David Cameron has vowed to crack down on property money laundering.
EXCLUSIVE: Christian Wolmar says 'neo-liberal' Kendall would be 'indistinguishable' from the Tories.
Whatever patching up takes place in Greece, the chickens are coming home to roost.
Gross domestic product in the UK was estimated to be 0.7% higher in the second quarter of 2015
Analysts see UK growth slowing to 2.6% in June quarter from 2.9% in Q1.
With less than a year until the start of the Rio 2016 Olympics, many people fear the city won't be ready.
Race charity Runnymede found that the reductions in tax credits counterweight the introduction of the living wage.
Islington North MP says the policy would be paid for through productivity gains and tax hikes.
It is surprising that there is still activity on the housing market said an estate agent association.