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.

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.

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".

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.

Arts and Entertainment
Sydney and Melbourne are locked in a row over giant milk crates
art
News
Kenny Ireland, pictured in 2010.
peopleActor, from House of Cards and Benidorm, was 68
News
A scene from the video shows students mock rioting
newsEnd-of-year leaver's YouTube film features staging of a playground gun massacre
Travel
travel
Voices
A family sit and enjoy a quiet train journey
voicesForcing us to overhear dull phone conversations is an offensive act, says Simon Kelner
News
i100This Instagram photo does not prove Russian army is in Ukraine
News
Morrissey pictured in 2013
people
Sport
sportVan Gaal has £500,000 video surveillance system installed to monitor Manchester United players
Environment
View from the Llanberis Track to the mountain lake Llyn
Du’r Arddu
environmentA large chunk of Mount Snowdon, in north Wales, is up for sale
Life and Style
Martha Stewart wrote an opinion column for Time magazine this week titled “Why I Love My Drone”
lifeLifestyle guru Martha Stewart reveals she has flying robot... to take photos of her farm
Career Services

Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Dress the Gaza situation up all you like, but the truth hurts

Robert Fisk on Gaza conflict

Dress the situation up all you like, but the truth hurts
Save the tiger: Tiger, tiger burning less brightly as numbers plummet

Tiger, tiger burning less brightly

When William Blake wrote his famous poem there were probably more than 100,000 tigers in the wild. These days they probably number around 3,200
5 News's Andy Bell retraces his grandfather's steps on the First World War battlefields

In grandfather's footsteps

5 News's political editor Andy Bell only knows his grandfather from the compelling diary he kept during WWI. But when he returned to the killing fields where Edwin Vaughan suffered so much, his ancestor came to life
Lifestyle guru Martha Stewart reveals she has flying robot ... to take photos of her farm

Martha Stewart has flying robot

The lifestyle guru used the drone to get a bird's eye view her 153-acre farm in Bedford, New York
Former Labour minister Meg Hillier has demanded 'pootling lanes' for women cyclists

Do women cyclists need 'pootling lanes'?

Simon Usborne (who's more of a hurtler) explains why winning the space race is key to happy riding
A tale of two presidents: George W Bush downs his paintbrush to pen father’s life story

A tale of two presidents

George W Bush downs his paintbrush to pen father’s life story
Restaurateur Mitch Tonks has given the Great Western Pullman dining car a makeover

The dining car makes a comeback

Restaurateur Mitch Tonks has given the Great Western Pullman dining car a makeover
Gallery rage: How are institutions tackling the discomfort of overcrowding this summer?

Gallery rage

How are institutions tackling the discomfort of overcrowding this summer?
Louis van Gaal has £500,000 video surveillance system installed to monitor Manchester United players

Eye on the prize

Louis van Gaal has £500,000 video surveillance system installed to monitor Manchester United players
Women's rugby: Tamara Taylor adds fuel to the ire in quest to land World Cup

Women's rugby

Tamara Taylor adds fuel to the ire in quest to land World Cup
Save the tiger: The day America’s love of backyard tigers led to a horrific bloodbath

The day America’s love of backyard tigers led to a horrific bloodbath

With only six per cent of the US population of these amazing big cats held in zoos, the Zanesville incident in 2011 was inevitable
Samuel Beckett's biographer reveals secrets of the writer's time as a French Resistance spy

How Samuel Beckett became a French Resistance spy

As this year's Samuel Beckett festival opens in Enniskillen, James Knowlson, recalls how the Irish writer risked his life for liberty and narrowly escaped capture by the Gestapo
We will remember them: relatives still honour those who fought in the Great War

We will remember them

Relatives still honour those who fought in the Great War
Star Wars Episode VII is being shot on film - and now Kodak is launching a last-ditch bid to keep celluloid alive

Kodak's last-ditch bid to keep celluloid alive

Director J J Abrams and a few digital refuseniks shoot movies on film. Simon Usborne wonders what the fuss is about
Once stilted and melodramatic, Hollywood is giving acting in video games a makeover

Acting in video games gets a makeover

David Crookes meets two of the genre's most popular voices