Economics / Markets

Can emerging market debt recover from its torrid 12 months?

Sterling has climbed against a basket of currencies including the dollar this morning after the Bank of England altered its forward guidance policy and revealed GDP is expected to overshoot expectations.

The Bank of England has today said it will not hike rates "for some time to come" - with the base rate potentially at 2% by 2017 - as governor Mark Carney begins to alter his forward guidance policy.

Three former members of the Bank of England's rate-setting Monetary Policy Committee (MPC) have suggested interest rates could rise sooner than expected.

Former Financial Services Authority (FSA) chairman Lord Turner has warned that the UK has failed to rebalance its economy and is simply repeating the errors made in the run-up to the 2007/8 financial crisis.

A higher threshold for income tax will be the Liberal Democrats' top priority at next month's Budget, deputy Prime Minster Nick Clegg will say today.

Adviser confidence in the UK economy has increased markedly from a year ago, a survey suggests.

The UK economy will grow by 2.5% this year and again by 2.1% in 2015, according to the National Institute of Social and Economic Research (NIESR).

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