The Tory peer had previously threatened to sue the Labour leader over his allegations.
IBTimes UK takes a look at this week's political news and Westminster gossip.
Miliband has been challenged to repeat the claims he made at PMQs that Lord Fink was engaged in 'tax avoidance'.
David Cameron and Ed Miliband trade blows over the HSBC banking scandal at PMQs.
The shadow chancellor says a Labour government would close any loopholes.
Teenager accused of plotting Lee Rigby style murder in south London
Former Tory leadership challenger says regulation of UK's surveillance agency is 'very poor.'
The Liberal Democrat leader spoke at the British Chambers of Commerce Annual Conference.
Balls says such a move would be the biggest risk to Britain's economy in the next decade.
Nigel Dodds says his party would judge what is in 'the best interests for the UK as a whole'.
Cameron addresses the annual conference of the British Chambers of Commerce today.
Conservative party fundraiser looks to hedge fund giants to bolster election war chest.
People in major European countries found to be supporting Cameron's view on EU reforms.
London teenagers rally in push to encourage voter registration ahead of Britain's general elections in May.
Prime Minister David Cameron calls UK "global hub of technology excellence" at launch of Tech Nation report.
Cameron says more details will be released 'in due course' and the award will be issued by summer.
Chilcot will appear before the Foreign Affairs Committee to explain the 'obstacles which remain'.
Plans put forward by the Conservatives involve shutting Scottish MP votes down on England only laws.
The prime minister agreed close ties with the Arab kingdom were linked to the fact it had wide oil resources.
The Populus research comes with less than 100 days to go before polling day in May.
The capital markets union is a 'golden opportunity' for Britain if it retains its EU strength.
The Eton-educated prime minister is expected to make the announcement in a speech today.