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.

ECB to begin exit from emergency bank support

The European Central Bank is to begin withdrawing its massive support for the European single currency zone's financial system, despite warning that the economic recovery is likely to be fragile and patchy next year.

The Bank's top economist goes back on message

While he has publicly expressed doubts about the Bank of England's policy of quantitative easing – the injection of £200bn into the economy – and voted, in a minority of one, against the last extension of the programme, the Bank's chief economist Spencer Dale yesterday delivered an upbeat assessment of QE's success. "[The economy] appears to have turned," Mr Dale said.

David Prosser: Honesty is always the best policy

Outlook The scale of the loans provided in October 2008 to HBOS and Royal Bank of Scotland are breathtaking, but the fact the Bank of England has managed to keep them secret until a time of its own choosing is also interesting. A little over a year previously, when news leaked out that the Bank was providing emergency funding to Northern Rock, there was a noisy protest that the lender of last resort could no longer intervene discreetly before banking crises got out of hand. But this is exactly what the Bank then managed to do at HBOS and RBS, thanks to new powers given to it following the Rock affair.

Liquid assets: Christmas wines

Anthony Rose picks the perfect wines for the party season - and highlights the deals that will make Christmas less painful.

Life in the City: Closing down the fast lane

High-frequency traders are already under attack from US regulators. Now City minister Lord Myners wants a similar sort of crackdown in this country. Stephen Foley explains why the technique is so controversial

George Osborne: Common sense, not envy, dictates that we clamp down on bonuses

The banks have to understand that we are all in this together. I am today calling on the Treasury and the FSA to combine forces and stop retail banks - in other words the banks that lend directly to businesses and families - paying out profits in significant cash bonuses. Full stop.

Recession closes 26,000 shops in nine months

Nearly 26,000 shops went out of business in the first nine months of this year, with multiple retailers as badly affected as independents.

Liquid assets: If a garden is properly looked after, there's less need for watering than you might imagine

Dictionaries are wonderful time-wasters. I've just looked up "sustainable" in mine and been waylaid by Sussex spaniel ("a short-legged breed of spaniel with a golden-brown coat"), sutra ("Sanskrit sayings on Vedic doctrine") and sutler ("a merchant who accompanied an army in order to sell provisions to the soldiers").

First Night: The Power of Yes, Lyttelton, National Theatre

Tenacious and lucid, but men in suits show dull side of recession

Mark Dampier: Commercial property comes good

The Analyst

Lord Turner: Admit it: a bigger financial system is not necessarily a better one

The banking system is stable. House prices have fallen much less than anticipated. Big emerging economies have proved far more robust than we feared. The Bank of England mid-point forecast suggests fairly robust UK growth over the next three years. But we need radical change.

Brokers buy into exchange

Wall Street's top broking firms, including Goldman Sachs, Merrill Lynch and Barclays, are buying a stake in a major US options exchange, as the war for a share of the $1.9trillion options trading market hots up.

Adrian Hamilton: Curbing bonuses won't solve anything

Tax bonuses generally by all means but concentrating the fire on the City won't work

Stephen Foley: Four words could return to haunt us

US Outlook: With each passing day, it seems the lessons we learned when the credit crisis reached its crescendo are becoming fuzzier, harder to grasp at or even slipping away. One of the symptoms of this is the ease with which the language of Wall Street has begun to reassert itself in the debate about how to reform finance.

Half of Premier League clubs 'rely on wealthy backers'

The stars of the Premiership are known for splashing their cash on fast cars, champagne cocktails and the expensive tastes of their glamourous wives and girlfriends.

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Life and Style
tech

Sales of the tablet are set to fall again, say analysts

Life and Style
A street vendor in Mexico City sells Dorilocos, which are topped with carrot, jimaca, cucumber, peanuts, pork rinds, spices and hot sauce
food + drink

Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets

Arts and Entertainment
George Lucas poses with a group of Star Wars-inspired Disney characters at Disney's Hollywood Studios in 2010
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George Lucas criticises the major Hollywood film studios

Sport
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Bloom Time: Mira Sorvino
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Gotham is coming to UK shores this autumn
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Prices correct as of 17 October 2014
Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
Ranked seventh in world’s best tourist cities - not London, or Edinburgh, but Salisbury

Salisbury ranked seventh in world’s best tourist cities

The city is home to one of the four surviving copies of the Magna Carta, along with the world’s oldest mechanical clock
Let's talk about loss

We need to talk about loss

Secrecy and silence surround stillbirth
Will there be an all-female mission to Mars?

Will there be an all-female mission to Mars?

Women may be better suited to space travel than men are
Oscar Pistorius sentencing: The athlete's wealth and notoriety have provoked a long overdue debate on South African prisons

'They poured water on, then electrified me...'

If Oscar Pistorius is sent to jail, his experience will not be that of other inmates
James Wharton: The former Guard now fighting discrimination against gay soldiers

The former Guard now fighting discrimination against gay soldiers

Life after the Army has brought new battles for the LGBT activist James Wharton
Ebola in the US: Panic over the virus threatens to infect President Obama's midterms

Panic over Ebola threatens to infect the midterms

Just one person has died, yet November's elections may be affected by what Republicans call 'Obama's Katrina', says Rupert Cornwell
Premier League coaches join the RSC to swap the tricks of their trades

Darling, you were fabulous! But offside...

Premier League coaches are joining the RSC to learn acting skills, and in turn they will teach its actors to play football. Nick Clark finds out why
How to dress with authority: Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear

How to dress with authority

Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear
New book on Joy Division's Ian Curtis sheds new light on the life of the late singer

New book on Ian Curtis sheds fresh light on the life of the late singer

'Joy Division were making art... Ian was for real' says author Jon Savage
Sean Harris: A rare interview with British acting's secret weapon

Sean Harris: A rare interview with British acting's secret weapon

The Bafta-winner talks Hollywood, being branded a psycho, and how Barbra Streisand is his true inspiration
Tim Minchin, interview: The musician, comedian and world's favourite ginger is on scorching form

Tim Minchin interview

For a no-holds-barred comedian who is scathing about woolly thinking and oppressive religiosity, he is surprisingly gentle in person
Boris Johnson's boozing won't win the puritan vote

Boris's boozing won't win the puritan vote

Many of us Brits still disapprove of conspicuous consumption – it's the way we were raised, says DJ Taylor
Ash frontman Tim Wheeler reveals how he came to terms with his father's dementia

Tim Wheeler: Alzheimer's, memories and my dad

Wheeler's dad suffered from Alzheimer's for three years. When he died, there was only one way the Ash frontman knew how to respond: with a heartfelt solo album