Time for austerity is over, warns Lew

The chances of incoming Bank of England Governor Mark Carney finding a triple-dip recession in his in-tray this summer could fall on Tuesday as manufacturers attempt to bounce back from a January slump.

The Analyst

Former HBOS chief executive Sir James Crosby today stepped down from his role with private equity firm Bridgepoint following a damning report into the collapse of the bank.

Banking standards commission report dismisses ‘hollow’ apologies by HBOS management that staggering losses were due to unpredictable events of credit crunch, citing a ‘colossal failure’ of strategy by the board

Builders were weighed down by the wintry weather in March but the Chancellor's Budget efforts to kick-start house construction have lifted spirits, the latest snapshot of the industry's fortunes said yesterday.

Lawyer Anthony Salz calls for Barclays to bolster its board, strengthen its human resources function and ensure pay is linked to the 'long-term success of the institution'

Immigrants are increasingly the target of attacks on the stricken holiday island, writes Charlotte McDonald-Gibson in Trachoni

Pope Francis used his first Easter message today to criticise the forces of capitalist greed and environmental destruction.

On Monday, the Financial Services Authority ceases to exist, to be replaced by the Financial Conduct Authority. The offices will be the same and the overwhelming majority of personnel remain.

Labour will unveil key economic policies in the next weeks and months as it speeds up its drive to regain credibility on the issue while the debate between Ed Miliband and Ed Balls intensifies

I have no problem with the Bank of England being in charge of monetary policy and having the responsibility to help deliver stable prices and economic growth. Separately I have no problem with the Bank of England having overall responsibility for the stability of the financial system. The problem is whether it is possible for the Bank to do both at the same time.

Perhaps the most astonishing bit of news this week was that the government of Poland, headed by Donald Tusk, is still committed to joining the euro. After what happened in Cyprus this week it seems a bit like being convinced that nuclear power is the way of the future the week after Chernobyl blew up. Apparently, however, Mr Tusk believes his nation implicitly agreed to join the euro when it voted to join the EU back in 2003 and he seems determined to begin the final stages of accession to the single currency by 2015 so that it can be a full member by 2017.