Money Neil Woodford is bemused by the speed with which economic commentators have moved from doom to euphoria

The biggest fund manager story of 2013 was the resignation of Neil Woodford from Invesco Perpetual. As you will be aware, Mr Woodford will continue to manage the Invesco Perpetual Income and High Income Funds until he leaves at the end of April, following which he will set up his own company.

Banks braced for tough new regime of annual stress tests

UK banks will face annual stress tests for the first time to see if they could survive a major collapse in financial markets or the economy, the Bank of England said today.

US dollar dips as Lawrence Summers quits Federal Reserve race

The US dollar slid while bonds and shares rallied on Monday after the withdrawal of Lawrence Summers from the race to head the Federal Reserve suggested a more gradual approach to tightening monetary policy.

Focus: Breaking the grip of the audit oligarchs

Watchdogs want to shake up the big four accountants who police big business

Electricity prices are set to fall

Ofgem to crackdown on Big Six energy suppliers in bid to cut electricity prices

Electricity prices are set to fall after the energy regulator pledged to “break the stranglehold” of the Big Six energy suppliers.

Small Talk: Have we got the right target if Aim shares can go into an Isa?

The big issue is whether investors should go into a market that is often illiquid and volatile
The Co-op defended its banking business today

Q&A: Co-op bank's downgrade - should I be worried?

Should I be worried about my Co-op Bank account?

Market Report: Lloyds strengthens after Basel III boost

Lloyds Banking Group was the best-performing FTSE 100 stock last year and it looks like 2013 is shaping up to be pretty decent too. Lloyds jumped to the top of the tree today after analysts at UBS rated it a buy and awarded it a share price target of 60p, up from 50p.

Financial lobby wins concessions on liquidity

The heads of the world's top regulators and central banks have approved plans to require banks to hold significantly higher levels of liquid assets in order to reduce the chances of a repeat of the 2008-09 financial crisis. But in an apparent response to financial sector lobbying, they also relaxed the definition of what will be considered a liquid asset, and said banks will have four years longer than expected to implement the new standards.

Banks win victory over new Basel liquidity rules

Standards will be more relaxed than planned and also phased in over four years from 2015

‘Wait and see’ approach blamed for fall in number of transactions

Between July and September, the number of transactions in central London fell 3.6 per cent despite Chesterton Humberts’ report that stock levels were up 13.5 per cent.

Album: Yeasayer, Fragrant World (Mute)

Having nudged accessibility with 2010's Odd Blood, Brooklyn experimentalists Yeasayer have taken a step back in the direction of the weird with their third album.

Why is Islamic finance important for MBAs?

There are a number of business schools now introducing Islamic Finance in their curriculums. For some, the reasoning is to open MBA students up to different cultural realities, but for many schools, it just makes business sense.

Thomson Reuters buys FX Alliance

The financial news giant Thomson Reuters has splashed out $625m (£403m) in cash on US-listed foreign-exchange platform FX Alliance.

Treasury borrowing fails to contract

Chancellor George Osborne faces a fresh borrowing headache this week as the impact of Britain's double-dip recession wreaks havoc on the public finances.

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NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

UK's Major Tum to blast off on a spice odyssey

Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
John Harrison's 'longitude' clock sets new record - 300 years on

‘Longitude’ clock sets new record - 300 years on

Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

Let the propaganda wars begin - again

'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
Why Japan's incredible long-distance runners will never win the London Marathon

Japan's incredible long-distance runners

Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
Why does Tom Drury remain the greatest writer you've never heard of?

Tom Drury: The quiet American

His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace
You should judge a person by how they peel a potato

You should judge a person by how they peel a potato

Dave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
Beige is back: The drab car colours of the 1970s are proving popular again

Beige to the future

Flares and flounce are back on catwalks but a revival in ’70s car paintjobs was a stack-heeled step too far – until now
Bill Granger recipes: Our chef's dishes highlight the delicate essence of fresh cheeses

Bill Granger cooks with fresh cheeses

More delicate on the palate, milder, fresh cheeses can also be kinder to the waistline
Aston Villa vs Liverpool: 'This FA Cup run has been wonderful,' says veteran Shay Given

Shay Given: 'This FA Cup run has been wonderful'

The Villa keeper has been overlooked for a long time and has unhappy memories of the national stadium – but he is savouring his chance to play at Wembley
Timeless drama of Championship race in league of its own - Michael Calvin

Michael Calvin's Last Word

Timeless drama of Championship race in league of its own