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

Sir Mervyn King has delivered his 82nd and final Inflation Report

What's the verdict on the King's baby?

The Governor has delivered his final Inflation Report. But how has Sir Mervyn King's analytical innovation performed?

Sir Mervyn King bows out on a high: Recovery 'in sight' at last for UK economy as Bank of England delivers final forecast

Chancellor hails improved forecasts as King presents final Inflation Report before stepping down

George Osborne (centre) with global financial policymakers at the G7 meeting in Aylesbury

George Osborne cautiously toasts 'improved outlook' for global economy after G7 meeting

The Chancellor also pledged UK action on tax evasion and avoidance

Regulator kept in dark over George Osborne loan plan

Eyebrows raised at revelation that Help to Buy scheme was kept under wraps
Sir Winston Churchill will appear on £5 notes from 2016

Sir Winston Churchill to replace Elizabeth Fry on the five pound note - leaving the Queen as only woman on a British bank note

War leader will replace penal reformer Elizabeth Fry, leaving the Queen the only woman on a British bank note

Simon English: Carney’s on a high and on a hiding to nothing

Outlook If it were possible to buy and sell stock in Mark Carney I'd be shorter than Warwick Davis.

Financial Policy Committee signs up London Stock Exchange's Dame Clara Furse

Dame Clara Furse has joined the Bank of England's Financial Policy Committee. The former head of the London Stock Exchange will be alongside Richard Sharp and Martin Taylor on the influential committee, which oversees the UK's financial system.

Budget 2013: George Osborne turns to Bank of England for help as growth is halved

Lower growth and higher-than-expected borrowing revealed

Margareta Pagano: George Osborne has to nurture Mr Happy's confidence

The Bank of England Governor has tentatively called the recovery, and UK Plc appears to be in agreement. Now, the Chancellor has to reinforce it

Editorial: Sir Mervyn’s megaphone moments

In recent weeks, the Governor of the Bank of England has been shouting his opinions from the rooftops

Pound rallies after Bank of England boss Sir Mervyn King says recovery is 'in sight'

The battered pound fought back from recent near three-year lows today after Bank of England boss Sir Mervyn King said sterling had fallen far enough and assured a recovery was "in sight".

Recovery is in sight, says Sir Mervyn King

Sir Mervyn King, the outgoing Governor of the Bank of England, yesterday struck an upbeat tone on economic prospects this year, despite the UK flirting with an unprecedented triple-dip recession.

EU cap on bankers' bonuses is unhelpful distraction, says Sir Mervyn King

The controversial European Union cap for bankers' bonuses is an unhelpful "distraction", according to the UK's top financial sector regulators.

Incoming Bank governor Mark Carney

It's not the end of the world – but it's the end of any false complacency

This is bad news. A drop in a credit rating by one agency does not matter that much in itself, for heaven knows, the rating agencies have been absurdly wrong in their judgements. The AAA ratings they gave to dodgy US housing debt were one of the factors in the banking crash of 2008. Both the US and France have seen a similar modest downgrading of their debt. But it matters because it focuses investors on the inherent weakness not just of British national finances at the moment but also of the longer-term commitment of the UK authorities to holding down inflation and assuring investors that they will get paid back in real – rather than devalued – money.

Mark Leftly: After 4G blow, is the luck running out for George?

Outlook Every time the Chancellor thinks he's found a pot of gold, he finds that the last lot have already looted it. In gold's case, of course, that's quite literally the case, Gordon Brown having sold off the bulk of the nation's precious metal near the bottom of the market over a decade ago.

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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
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Prices correct as of 19 December 2014
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
The Last Word: From aliens at FA to yak’s milk in the Tour, here’s to 2015

Michael Calvin's Last Word

From aliens at FA to yak’s milk in the Tour, here’s to 2015