News Scottish First Minister Alex Salmond presents the White Paper for Scottish independence

Scotland's First Minister will have face-to-face talks with the latest Bank of England governor for the first time

Margareta Pagano: Happiness, Mr Cameron, is a new British Rail

Privatisation produced complication not competition. It let commuters down

Gavin Kelly and James Plunkett: Rising prices will give the Coalition a political headache

On Wednesday, Bank of England Governor Mervyn King forecast that inflation would remain above its 2% target until at least the end of 2011. Yesterday saw British Gas announce a 7% price hike. It all bodes ill for the Coalition. For now, each day still starts to headlines screaming about cuts. But come 2015, it’s unlikely that cuts will be the defining issue of the election. Instead, the framing will be closer to that of the 1980 Presidential campaign: “ask yourself: are you better off now than you were four years ago?", as Ronald Reagan put it to the American people.

David Prosser: The Governor and the the Bank of England's political neutrality

Outlook In handing the Bank of England its independence in 1997, the then Labour Government effectively made a deal. It gave up its right to control the levers of monetary policy; the corollary of that surrender was that the Bank would leave fiscal policy to the elected government of the day.

Being young just isn't fun any more

In your twenties? If you haven't started a pension, frozen your eggs, got on the property ladder and charted your career path, you're a loser. So put down that pint and get with the programme...

Ben Chu: It's bankers who are the real drain

I am ready to accept that the benefits system harms those it is intended to help. But if a life of reliance on others is bad for the poor, then surely it is equally so for the rich

Business Diary: Please don't leave, begs HSBC

HSBC clearly doesn't appear have much regard for the work ethic of the City's banking analysts, or journalists for that matter. Concerned that its announcement of senior management changes, made quite late in the day on Friday, might be missed by those cutting off early for the weekend, it felt obliged to make an early announcement that a statement would be forthcoming. But even that didn't hit analysts' screens until 5.17pm, so the less committed may still have missed it.

Banking bailout was unfair, Mervyn King tells TUC

The Bank of England governor Mervyn King today described the huge banking bailout as "unfair" and appeared to sympathise with calls for multibillion-pound tax evasion to be tackled when he spoke to union activists.

David Prosser: Inflation threatens the recovery, too

Outlook Yesterday's inflation figures are a reminder that it isn't just Mr Osborne's deficit reduction programme – lower spending and higher taxes – that threatens the recovery. Stubbornly high inflation – Bank of England Governor Mervyn King now says it will be too high for a year longer than he reckoned back in May – will mean a rise in interest rates sooner or later. And in the meantime, the retail price index, at 4.8 per cent, shows the cost of living is rising roughly four times as quickly as average salaries.

Dominic Lawson: Our banks are doing a good job

It's a myth that banks are not lending to small businesses

Sean O'Grady: Who's in charge in a crisis? It is now very much Mervyn, but it should be George

Outlook: It may – or may not, looking at recent events across the Channel – be too early to ask the question: "Who's in charge in a financial crisis?" But the Treasury's latest proposals on banking regulation do not in any event answer it very satisfactorily.

MPC experts split three ways on what to do next

As growth stumbles and inflation remains stubbornly high, the Bank of England appears to have split three ways on how to solve the dilemma.

Bank expected to hold rates at 0.5 per cent

Amid signs that some Bank of England policymakers would like to start raising interest rates from the current 0.5 per cent, there have been calls for the Bank to keep policy relaxed when it announces its latest decision today.

Rate-setters split on interest

All eyes will be on the Bank of England's Monetary Policy Committee (MPC) chaired by Mervyn King, the Governor of the Bank of England, on Thursday after recent signs that the members are divided on interest rates.

Econoblog: BIS annual report is frightening reading

You may not take much notice of them, but the Bank for International Settlements is the club of central bankers – the equivalents of Mervyn King round the world.

Chancellor gets away with it but pain is postponed

This fiscal tightening will roll back the frontiers of the state, but does it in the end go far enough? Sean O'Grady reports
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The saffron censorship that governs India: Why national pride and religious sentiment trump freedom of expression

The saffron censorship that governs India

Zareer Masani reveals why national pride and religious sentiment trump freedom of expression
Prince Charles' 'black spider' letters to be published 'within weeks'

Prince Charles' 'black spider' letters to be published 'within weeks'

Supreme Court rules Dominic Grieve's ministerial veto was invalid
Distressed Zayn Malik fans are cutting themselves - how did fandom get so dark?

How did fandom get so dark?

Grief over Zayn Malik's exit from One Direction seemed amusing until stories of mass 'cutting' emerged. Experts tell Gillian Orr the distress is real, and the girls need support
The galaxy collisions that shed light on unseen parallel Universe

The cosmic collisions that have shed light on unseen parallel Universe

Dark matter study gives scientists insight into mystery of space
The Swedes are adding a gender-neutral pronoun to their dictionary

Swedes introduce gender-neutral pronoun

Why, asks Simon Usborne, must English still struggle awkwardly with the likes of 's/he' and 'they'?
Disney's mega money-making formula: 'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan

Disney's mega money-making formula

'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan
Lobster has gone mainstream with supermarket bargains for £10 or less - but is it any good?

Lobster has gone mainstream

Anthea Gerrie, raised on meaty specimens from the waters around Maine, reveals how to cook up an affordable feast
Easter 2015: 14 best decorations

14 best Easter decorations

Get into the Easter spirit with our pick of accessories, ornaments and tableware
Paul Scholes column: Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season

Paul Scholes column

Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season
Inside the Kansas greenhouses where Monsanto is 'playing God' with the future of the planet

The future of GM

The greenhouses where Monsanto 'plays God' with the future of the planet
Britain's mild winters could be numbered: why global warming is leaving UK chillier

Britain's mild winters could be numbered

Gulf Stream is slowing down faster than ever, scientists say
Government gives £250,000 to Independent appeal

Government gives £250,000 to Independent appeal

Donation brings total raised by Homeless Veterans campaign to at least £1.25m
Oh dear, the most borrowed book at Bank of England library doesn't inspire confidence

The most borrowed book at Bank of England library? Oh dear

The book's fifth edition is used for Edexcel exams
Cowslips vs honeysuckle: The hunt for the UK’s favourite wildflower

Cowslips vs honeysuckle

It's the hunt for UK’s favourite wildflower
Child abuse scandal: Did a botched blackmail attempt by South African intelligence help Cyril Smith escape justice?

Did a botched blackmail attempt help Cyril Smith escape justice?

A fresh twist reveals the Liberal MP was targeted by the notorious South African intelligence agency Boss