Economics / Markets

Sir Mervyn King, the Bank of England's Governor, told the Chancellor that £37bn cash the Treasury claimed from the QE programme will not help the UK's finances.

Eurozone finance ministers have negotiated a rescue package for the rapidly deteriorating Greek economy following ten hours of intense talks in Brussels.

The appointment of the Bank of Canada's Mark Carney as the next Bank of England governor has been heralded as an "outstanding choice" by analysts and led to upgrades for UK banks.

UK GDP growth for the third quarter of 2012 has been confirmed at 1% by the Office for National Statistics in its second official reading.

A loophole in planned banking reforms could leave taxpayers on the hook for billions of pounds during another financial crisis, according to the governor of the Bank of England (BoE).

The FTSE 100 has added to recent gains in early trading this morning, raising the prospect of the index posting its largest weekly gain since last December.

The minutes of the last Monetary Policy Committee meeting held on 7 and 8 November reveal David Miles was the only member calling for a boost to the Bank of England's quantitative easing programme.

Moody's has stripped France of its AAA rating as Artemis' William Littlewood becomes the latest fund manager to turn more negative on the country.

US and Asian equity markets rallied overnight as talk of US politicians reaching a deal to avert the fiscal cliff helped sooth investor worries.

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