Economics / Markets

CPI annual inflation fell to 3.4% in February, down from 3.6% in January, according to the Office for National Statistics.

The Office for Budget Responsibility will revise up its growth forecasts for the UK economy in Wednesday's Budget, reports suggest.

OLD ENOUGH

European indices opened in the red on Monday, reversing some of last week's gains which lifted markets to levels unseen since last summer.

Well, it's that time of year again as we all wait for the fall-out from the forthcoming Budget.

FIVE THINGS

Hector Sants is to quit the FSA in the summer, and will not become deputy governor of the Bank of England or CEO of the Prudential Regulation Authority.

The UK will lose its AAA credit rating by December, MAM Funds' Simon Callow has said, after Fitch became the second ratings agency to place the economy on negative watch.

Employee-owned companies such as the John Lewis department store could be given capital gains tax (CGT) breaks, under plans being drawn up by deputy Prime Minister Nick Clegg.

A deputy governor of the Bank of England has launched an outspoken attack on new European regulations that he warns could create further financial crises.