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

Ben Chu: Mervyn King’s European warning

At the Bank of England’s inflation report press conference this morning I asked the Governor whether he was satisfied with how his counterparts at the European Central Bank were handling the eurozone crisis.

Bank cuts UK's 2011 economic growth forecast to 1.5 per cent

The Bank of England bowed to the inevitable yesterday and downgraded its 2011 growth forecast for the British economy to 1.5 per cent.

Leading article: Threats from abroad – and also from within

The UK economic recovery looks too fragile to absorb the fiscal consolidation that is coming down the tracks

Bank warning as growth forecast cut

The UK's economy will not grow as quickly as previously expected and faces serious threats from the debt storms lashing the eurozone, the Bank of England warned today.

Bank to downgrade growth forecast

The UK's economic forecasts will be slashed by the Bank of England tomorrow for the second time this year, adding to fears that the recovery is in jeopardy.

Bank may start printing money again as fears for economy spread

The possibility of a further huge injection of money to underpin the economy will be discussed by policymakers at the Bank of England this week, pushing back until deep into next year the prospect of any rise in interest rates from their all-time low of 0.5 per cent.

Stefan Stern: Who wants to go to work every day and find it's like The Apprentice?

The sort of solidarity shown by some union members this week is rare

No interest rate rise before unemployment falls, says King

Sir Mervyn stressed that a further round of quantitative easing was an option, though he cautioned that he wouldn’t turn to this if it threatened inflation

Business Diary: Choking on the chocolate

Thorntons' strategy-review statement yesterday was a grim example of management speak. The lowlights included "a more focused retail estate with a differentiated customer proposition", "a de-risked business" that "positions the company for sustainable future growth", and a push to "grow the relevance of other all-year-round gifting occasions".

Sean O'Grady: Unions risk becoming as irrelevant in the public sector as in the private

Most private-sector workers gave up on decent pensions and job security decades ago

Business Diary: Jumping the gun on King's honour

The Governor of the Bank of England was widely referred to yesterday as Sir Mervyn King – not least because the Bank itself now gives him that title on anything it publishes. But hasn't it rather jumped the gun? King was only knighted in the Queen's Birthday honours last week and hasn't yet been to the Palace for his investiture. Until he has seen Her Majesty, shouldn't he remain plain Mr King, rather than Sir Mervyn?

Sean O'Grady: Commission recommends separation of retail and investment banking

The central proposal of the Vickers Commission, backed by the chancellor, is to separate out the big bank's retail banking operations - the bits that run boring old savings, mortgage and cheque accounts - from their investment banking activities, or so-called "casino banking".

Economic hardship forces 100,000 into second jobs

Almost 100,000 people have had to take second jobs in the past year to make ends meet, according to research by The Independent.

Sean O'Grady: Also-ran has so far confounded all his critics

Only a short but eventful year ago, George Osborne was no one's idea of a chancellor. He routinely trailed Vince Cable and Alistair Darling in polls of the City, the public and business for competence. Mervyn King told the US ambassador he was worried by his lack of experience. Peter Mandelson identified poor George as the Tories' "weakest link"; dark rumours circulated that he would be replaced by the apparently full-of-mojo William Hague.

Leading article: High five

Good news for the 19th-century prison reformer Elizabeth Fry. Hers is the face on the £5 note, and yesterday's announcement by the Bank of England that there is to be an injection of "quality" fivers in ATMs will restore some dignity to a lady who, more often than not in recent years, has looked a little bedraggled.

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