"We have seen a large increase in our Times Online readership in the U.S., and the appearance of the newspaper on the streets of New York marks the next stage in our print and web expansion, " Times Editor Robert Thomson was quoted as saying in a media report.

FORBES: Murdoch's 'Times Of London' To Launch U.S. Edition

Robert Chote's letter to the prime minister is an embarrassment for David Cameron - and marks yet another way in which his big set-piece speech on the economy has failed to work out as Downing Street hoped.

BBC: A ticking-off for the PM