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

King not 'overly concerned' by Moody's

The Bank of England Governor yesterday said that people should not be "overly concerned" by the threat by Moody's to strip Britain of its top notch credit rating. "I don't see a reason to ignore or get overly concerned about it just because it's a rating agency," said Sir Mervyn King.

Economy faces choppy waters, says Mervyn King

The UK economy will "zig-zag" in and out of growth this year but is heading in the right direction, Bank of England Governor Sir Mervyn King said today.

Inflation falls to its lowest level for more than a year

The Bank of England gained crucial ground in its battle to tame the soaring cost of living yesterday as inflation fell in January to its lowest level for more than a year.

Inflation at lowest level for 14 months

The rate of inflation fell to a 14-month low last month and is expected to hit the Government's 2% target by the end of the year in a further sign that the crippling consumer spending squeeze is loosening its grip.

Sir Mervyn King: Who will reign when the king is gone?

His term as Bank of England Governor has more than a year left. But already, says Ben Chu, the race for the succession is on

Osborne to back the Bank in bitter regulatory battle

George Osborne is set to come down on the side of Sir Mervyn King in the increasingly bitter battle between the Bank of England Governor and the Treasury Select Committee over how the Bank ought to be supervised.

Osborne set to back Sir Mervyn in bitter battle over Bank rules

Chancellor to support supervision plan as powers over mortgage market are transferred

King warns bankers to rein in multimillion bonuses

The Governor of the Bank of England yesterday warned senior bankers that they should not pay themselves huge bonuses as the rest of the country suffers a fall in the standards of living.

James Moore: Bank shareholders should listen to Sir Mervyn's plan

Sir Mervyn King is becoming quite the radical. The Bank of England Governor used a hearing at the Treasury Select Committee yesterday to fire yet another broadside at the banks and their addiction to six and seven-figure bonuses. It is pushing it a bit to call him "Red Merv", but behind the glass and steel of their luxurious headquarters, the banks' "masters of the universe" might agree with the description given his rhetoric. Before, that is, they get on with the business of ignoring him. The risk of reputational damage from paying bumper awards to management and other favoured staff while the rest of the country suffers – highlighted by Sir Mervyn – isn't something that worries them overly much.

Mervyn King warns the bankers to rein in their multi-million bonuses

Bank's Governor singles out RBS in his rebuke as the squeeze tightens
Sir Mervyn King, governor of the Bank of England, says: 'This is the most serious financial crisis we have seen, at least since the 1930s, if not ever.'

Bank of England governor Mervyn King appeals over bonuses

Bank of England governor Sir Mervyn King today made a fresh appeal for fairness in bankers' pay and bonuses.

Swiss central banker quits over wife's currency trade

Hildebrand admits he can't prove innocence / Sir Mervyn King salutes his integrity

Simon English: How King of England ruled in America

Outlook If you read Confidence Men by Ron Suskind you may experience a surge of patriotic pride. The book is an insider's account of Wall Street's collapse and of how an inexperienced President gets gamed by the system. Old-time political players act to dilute Obama's impact and to stymie his reforms.

Sir Mervyn King blamed concerns over indebtedness in the eurozone and disappointing growth and fiscal policy in the US for a sharp downturn in the market mood

Banks told to cut dividends and bonuses to build financial buffers

Banks should make preparations to withstand the "extraordinarily serious and threatening" economic situation in Europe, the governor of the Bank of England said yesterday.

David Prosser: Banks won't be rushing to make borrowing easier

Having spent Tuesday promoting an Autumn Statement full of schemes to promote lending to small and medium-sized businesses, George Osborne can't have been too pleased to read yesterday's Financial Stability Report from the Bank of England. It was full of reasons for the banks to lend less rather than more.

Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
3.	Provence 6 nights B&B by train from £599pp
Prices correct as of 20 February 2015
Homeless Veterans campaign: Donations hit record-breaking £1m target after £300,000 gift from Lloyds Bank

Homeless Veterans campaign

Donations hit record-breaking £1m target after huge gift from Lloyds Bank
Flight MH370 a year on: Lost without a trace – but the search goes on

Lost without a trace

But, a year on, the search continues for Flight MH370
Germany's spymasters left red-faced after thieves break into brand new secret service HQ and steal taps

Germany's spy HQ springs a leak

Thieves break into new €1.5bn complex... to steal taps
International Women's Day 2015: Celebrating the whirlwind wit of Simone de Beauvoir

Whirlwind wit of Simone de Beauvoir

Simone de Beauvoir's seminal feminist polemic, 'The Second Sex', has been published in short-form for International Women's Day
Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Why would I want to employ someone I’d be happy to have as my boss, asks Simon Kelner
Confessions of a planespotter: With three Britons under arrest in the UAE, the perils have never been more apparent

Confessions of a planespotter

With three Britons under arrest in the UAE, the perils have never been more apparent. Sam Masters explains the appeal
Russia's gulag museum 'makes no mention' of Stalin's atrocities

Russia's gulag museum

Ministry of Culture-run site 'makes no mention' of Stalin's atrocities
The big fresh food con: Alarming truth behind the chocolate muffin that won't decay

The big fresh food con

Joanna Blythman reveals the alarming truth behind the chocolate muffin that won't decay
Virginia Ironside was my landlady: What is it like to live with an agony aunt on call 24/7?

Virginia Ironside was my landlady

Tim Willis reveals what it's like to live with an agony aunt on call 24/7
Paris Fashion Week 2015: The wit and wisdom of Manish Arora's exercise in high camp

Paris Fashion Week 2015

The wit and wisdom of Manish Arora's exercise in high camp
8 best workout DVDs

8 best workout DVDs

If your 'New Year new you' regime hasn’t lasted beyond February, why not try working out from home?
Paul Scholes column: I don't believe Jonny Evans was spitting at Papiss Cissé. It was a reflex. But what the Newcastle striker did next was horrible

Paul Scholes column

I don't believe Evans was spitting at Cissé. It was a reflex. But what the Newcastle striker did next was horrible
Miguel Layun interview: From the Azteca to Vicarage Road with a million followers

From the Azteca to Vicarage Road with a million followers

Miguel Layun is a star in Mexico where he was criticised for leaving to join Watford. But he says he sees the bigger picture
Frank Warren column: Amir Khan ready to meet winner of Floyd Mayweather v Manny Pacquiao

Khan ready to meet winner of Mayweather v Pacquiao

The Bolton fighter is unlikely to take on Kell Brook with two superstar opponents on the horizon, says Frank Warren
War with Isis: Iraq's government fights to win back Tikrit from militants - but then what?

Baghdad fights to win back Tikrit from Isis – but then what?

Patrick Cockburn reports from Kirkuk on a conflict which sectarianism has made intractable