“The money to be raised from evasion and avoidance is either small beer or offshore"

Business quote of the day: Richard Murphy on the Budget.

Richard Murphy, founder of the Tax Justice Network, on avoidance measures announced in the Budget.
 
“The money to be raised from evasion and avoidance is either small beer or offshore whilst massive loopholes are opened up or encouraged for multinationals”

Full story available on economia.
 

Photograph: Getty Images
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Police shoot man in parliament

A man carrying what appeared to be a knife was shot by armed police after entering the parliamentary estate. 

From the window of the parliamentary Press Gallery, I have just seen police shoot a man who charged at officers while carrying what appeared to be a knife. A large crowd was seen fleeing from the man before he entered the parliamentary estate.

After several officers evaded him he was swiftly shot by armed police.

Ministers have been evacuated and journalists ordered to remain at their desks. 

More follows. Read Julia Rampen's news story here.

Armed police at the cordon outside Parliament on Wednesday afternoon. Photo: Getty

George Eaton is political editor of the New Statesman.