News

Government adviser reveals his frustration at talk of bank kindness to zombie businesses

The shadow Chancellor Ed Balls, centre, will promise to underwrite the building of several new towns

Labour pledges billions to build 200,000 new homes per year if it wins next election

The  programme would also provide a stimulus for the economy and create tens of thousands of jobs in the construction industry

Paul Flowers was questioned my MPs over the Co-operative Bank's losses on 6 November

Ethical 'Co-op' could lose name over Paul Flowers drug scandal

Business Secretary says name may not be suitable as Flowers scandal escalates

The notes were found in a river by a dog walker

Police in Lincolnshire investigate £60,000 found in river

Police have appealed for information, a month after tens of thousands of pounds' worth of bank notes were found floating in a Lincolnshire river.

Bank of England in no rush to hike interest rates

BoE policymakers voted unanimously to maintain rates at record low

More than £9 billion mortgage overpayments made every year

Gross mortgage lending shows strongest performance in five years

Questions: Eric Schmidt is lying low after the PAC branded his firm 'devious'

Eric Schmidt joining the Economist is a feather in London's cap

The roll will be Schmidt’s first board membership outside of the United States

Jim Armitage: We're feeling better but let's hope the recovery continues

Outlook It would be churlish not to cheer the economic good news that has emerged this week. The unemployment picture is particularly heartwarming, given that each number off the dole list is a household with more wealth, self-respect and happiness.

Bank of England Governor Mark Carney assured that interest rates will not be raised immediately

Governor Mark Carney declares recovery is here, but will interest rates rise?

The latest economic forecasts looked, on the surface, like good news

Bank of England Governor Mark Carney says 'the recovery has finally taken hold'

Bank of England upgrades growth forecast for UK economy as Mark Carney hints at rise in interest rates

Unemployment not expected to fall to key threshold of 7% before 2016

James Moore: City's 'shark' would do well to navigate the bureaucracy

Outlook A shark was loose in the City yesterday, but fortunately only an imaginary one. It was all about wargaming, and the very real possibility of a cyber attack on London's financial centre. The scenario – Waking Shark – was cooked up by Credit Suisse with input from various security types and involved more than 100 people playing a sophisticated version of Risk in a room together.

Surprise dip in inflation dampens calls for BoE to put interest rates up

The prospect of an early hike in interest rates by the Bank of England receded yesterday as prices rose by considerably less than expected last month.

Cyber war games dubbed 'Waking Shark II' begin for London's financial institutions

A number of scenarios will test banks' responsiveness to cyber attacks

Britain's banks and financial firms take part in major cyber 'war game' exercise

Simulation designed to mimic a real-time threat - dubbed Waking Shark II - is set to be one of the largest of its kind in the world

David Cameron at an Altrincham housing development in September when he unveiled the scheme

Help to Buy: More evidence of a property boom (and why it’s a bad news story)

Help to Buy is boosting demand more than supply  of new houses

Something’s stirring, but any talk of a bubble is misplaced

One reading of the data released yesterday by the Government suggests Help to Buy has not made much of an impact on the property market yet.

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Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
Ed Richards: Parting view of Ofcom chief. . . we hate jokes on the disabled

Ed Richards: Parting view of Ofcom chief. . . we hate jokes on the disabled

Bad language once got TV viewers irate, inciting calls to broadcasting switchboards. But now there is a worse offender, says retiring head of the media watchdog
War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
Revealed: the best and worst airlines for delays

Revealed: the best and worst airlines for delays

Many flyers are failing to claim compensation to which they are entitled, a new survey has found
The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

The stories that defined 2014

From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations

Disaster looming? Now you know where to head...

Which British city has become the first to be awarded special 'resilience' status by the UN?
Finally, a diet that works: Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced

Finally, a diet that works

Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced
Say it with... lyrics: The power of song was never greater, according to our internet searches

Say it with... lyrics

The power of song was never greater, according to our internet searches
Professor Danielle George: On a mission to bring back the art of 'thinkering'

The joys of 'thinkering'

Professor Danielle George on why we have to nurture tomorrow's scientists today
Monique Roffey: The author on father figures, the nation's narcissism and New Year reflections

Monique Roffey interview

The author on father figures, the nation's narcissism and New Year reflections
Introducing my anti-heroes of 2014

Introducing my anti-heroes of 2014

Their outrageousness and originality makes the world a bit more interesting, says Ellen E Jones
DJ Taylor: Good taste? It's all a matter of timing...

Good taste? It's all a matter of timing...

It has been hard to form generally accepted cultural standards since the middle of the 19th century – and the disintegration is only going to accelerate, says DJ Taylor
Olivia Jacobs & Ben Caplan: 'Ben thought the play was called 'Christian Love'. It was 'Christie in Love' - about a necrophiliac serial killer'

How we met

Olivia Jacobs and Ben Caplan
Bill Granger recipes: Our chef's breakfasts will revitalise you in time for the New Year

Bill Granger's healthy breakfasts

Our chef's healthy recipes are perfect if you've overindulged during the festive season
Transfer guide: From Arsenal to West Ham - what does your club need in the January transfer window?

Who does your club need in the transfer window?

Most Premier League sides are after a striker, but here's a full run down of the ins and outs that could happen over the next month