Slower growth caused by the fiscal squeeze will force the Bank of England to keep interest rates lower for longer, according to the centre for economics and business research (cebr).
A member of the Bank of England's Monetary Policy Committee (MPC) has called for a rise in interest rates for the first time in almost two years.
The Government said today it will undertake a consultation period before setting up three new bodies as part of a radical shake-up of financial services regulation.
House buyers could be refused mortgages under new Bank of England powers to be unveiled tonight by George Osborne.
Chancellor George Osborne is set to reveal this week the Bank of England will take overall charge of regulation of the financial sector and have "oversight" across the FSA.
UK manufacturing performance took an unexpected knock in April according to official data, adding to fears Britain's economic recovery is much weaker than previously thought.
The Bank of England's Monetary Policy Committee (MPC) today held interest rates at their historic low of 0.5%.
Lloyds shareholders have made a £14bn claim against the Treasury and bosses at the banking giant over its controversial takeover of HBOS in 2008.
No one should fool themselves into believing that Britain can inflate its way out of its public debt mountain, the Bank of England's deputy governor has warned.
Property prices have risen 0.5% in May, producing annual growth of nearly 10%, according to the Nationwide House price index.