News

"Extreme" allegations that Royal Bank of Scotland tipped viable businesses into bankruptcy were described as "plausible" because of its "flawed" structure by a former deputy governor of the Bank of England yesterday.

Even Tory MPs think the economy won't get better

Conservative MPs do not share George Osborne's optimism that the economy will pick up in the second half of this year, according to a new survey.

Anthony Hilton's Week: The tax-exile hedgies cowed into seeking a sneaky return

Leona Hemsley, a New York socialite of the 1980s, is today remembered for only one thing. When indicted and subsequently jailed for tax evasion, she was quoted as having said: "Only the little people pay taxes."

Chote defends OBR record

The Treasury failed to inform its own fiscal watchdog in advance about a key plank of the Autumn Statement, according to Robert Chote, the chairman of the Office for Budget Responsibility (OBR).

Chote made to defend OBR's forecasts

Head of Office for Budget Responsibility tells MPs that he was not informed about Chancellor's national infrastructure plan

MPs in cheque guarantee cards call

MPs kept up the pressure for the return of cheque guarantee cards today by suggesting that the Government could consider stepping in with legislation.

Osborne ready to overhaul Bank of England governance

The Chancellor has indicated that he is ready to overhaul governance of the Bank of England ahead of it gaining more powers over financial regulation.

Bank's Governor to face grilling over QE decision

Sir Mervyn King will be called to account before Parliament today for the decision of the Monetary Policy Committee (MPC) to inject £75bn into the British economy at a time when inflation is running more than double the Bank of England's target.

Julian Knight: An accidental gap year could be just what students need

Thousands of students are going to find themselves taking what I call an "accidental gap year"; namely they were set to go to university but there was no place for them this year.

MPs criticise banks for attempting to scrap cheques

MPs are battling banks' plans to abolish cheques. A Treasury Select Committee has warned banks not to attempt to abandon cheques by stealth or deter customers from using cheques. It has also recommended that the Payments Council be brought under regulatory control to stop its "unfettered power to decide the future of cheques".

David Prosser: More cheques (and balances) required

Outlook When the Payments Council decided so few people use cheques these days that it could safely announce their abolition in a few years' time, it dropped an enormous clanger. The protests were so noisy that it was forced into aU-turn – and now the Treasury Select Committee wants to see its powers reined in.

Treasury committee demands overhaul of 'poor value' PFI

An influential committee of MPs launched a stinging attack on the private finance initiative (PFI) yesterday and claimed it offered taxpayers "poor value for money".

MPs set to question role of new City watchdog

Even before it has opened for business the new City regulator is to be investigated by MPs. Andrew Tyrie, the chairman of the Treasury Select Committee, launched an inquiry into the remit and powers of the Financial Conduct Authority yesterday.

Conservatives fear Chancellor will not meet deficit target

Growing numbers of senior Conservatives are concerned about the ability of the Chancellor to deliver the Coalition's pledge of eliminating Britain's structural deficit by 2015.

Business Diary: Roubini's reports from foreign land

Nouriel Roubini, economics' "Dr Doom", missed out on the chance to pile on the misery following Standard & Poor's' downgrade of the US economy last week, on account of being on holiday.

Life and Style
love + sex A new study has revealed the average size - but does that leave men outside the 'normal' range being thought of as 'abnormal'?
Arts and Entertainment
TV
Voices
The Palace of Westminster is falling down, according to John Bercow
voices..says Matthew Norman
Sport
Steve Bruce and Gus Poyet clash
football
News
Graham Norton said Irish broadcaster RTE’s decision to settle was ‘moronic’
TV
Arts and Entertainment
Jake and Dinos Chapman were motivated by revenge to make 'Bring me the Head of Franco Toselli! '
arts + ents Shapero Modern Gallery to show explicit Chapman Brothers film
Arts and Entertainment
Kurt Cobain performing for 'MTV Unplugged' in New York, shortly before his death
music Brett Morgen's 'Cobain: Montage of Heck' debunks many of the myths surrounding the enigmatic singer
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
Syrian conflict is the world's first 'climate change war', say scientists, but it won't be the last one

Climate change key in Syrian conflict

And it will trigger more war in future
How I outwitted the Gestapo

How I outwitted the Gestapo

My life as a Jew in wartime Berlin
The nation's favourite animal revealed

The nation's favourite animal revealed

Women like cuddly creatures whilst men like creepy-crawlies
Is this the way to get young people to vote?

Getting young people to vote

From #VOTESELFISH to Bite the Ballot
Poldark star Heida Reed: 'I don't think a single bodice gets ripped'

Poldark star Heida Reed

'I don't think a single bodice gets ripped'
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn