American coffee chain Starbucks, implicated in the recent corporation tax scandal, have bowed to public pressure and announced that they will pay £10m in tax over the next two years - the first of the U.S multi-nationals to make a public climbdown.

Mayor of London Boris Johnson has taken another swipe at Google over their alleged tax-avoidance, claiming that despite generating "shed-loads" of revenue in the UK, the search giant could be seen do be doing "a little bit more" to fix their "PR problem".

In a typically colourful speech to the Confederation of British Industry Annual Conference, Mayor of London Boris Johnson gave hope and encouragement to UK and London commerce and business leaders, to strive for an "age of enterprise" in the face of Eurozone austerity.

Prime Minister David Cameron has attempted to further connect to the general public with a ground-breaking foray into social and professional networking.

Young JSA claimants in London are to be ushered into a range of work experience placements, in a pilot scheme announced employment minister Chris Grayling and London mayor Boris Johnson.