Economics / Markets

The Bank of England's Monetary Policy Committee (MPC) has voted to hold the interest rate at 0.5%.

Peter Hargreaves has criticised ministers for failing to shore up the economy, and omitting to "look in their own backyard" for solutions to the problem.

Royal Bank of Scotland (RBS) shareholders involved in a £3.3bn lawsuit against the lender and former directors, including Fred Goodwin, have seen similar allegations made in the US dismissed.

A "toxic combination" of low interest rates, spiralling inflation and the Bank of England's quantitative easing (QE) policy has hit over 50s spending power, Saga has said.

Facebook founder Mark Zuckerberg has said he will not sell any of his shares in the company for at least a year in a move to boost investor confidence, after shares in the social networking giant sank to a new low.

UK shares were once again lower this morning, extending yesterday's sharp losses as falls in Asia overnight impacted confidence.

Financial Services Authority (FSA) chairman Lord Turner has promised an independent inquiry into an IT glitch that affected millions of Royal Bank of Scotland (RBS), NatWest and Ulster Bank customers in June.

The Prime Minister is set to continue his Cabinet re-shuffle on Tuesday after appointing Andrew Mitchell, former International Development Secretary, as his new chief whip.

David Hickey's departure from Lighthouse Group has resulted in a significant investor withdrawing a demand for its board to be restructured.

The Financial Services Authority (FSA) insists that it has reauthorised the vast majority of ex-Honister advisers who applied within its voluntary time frame, despite concerns among some advisers that the process has been slower than promised.