Free banking for those in credit is expensive to the financial sector, kills competition and stops new providers setting up, Lord Turner told the Treasury Select Committee yesterday.
Dubbed 'Nobel Prize-winning economic information' by one reader yesterday, you simply MUST watch this YouTube clip.
The government's spending cuts and the rise in VAT to 20% in January will result in more than 1.6 million job losses across the public and private sectors, research suggests.
The US federal reserve could pump up to $1trn of extra QE into the economy to battle unemployment and encourage growth.
Federal Reserve chairman Ben Bernanke has given his strongest signal yet that he will begin another round of quantative easing in the US, to try to acheive the economic "benefits" of the UK programme.
PwC warns the austerity budget will cause job losses of 500,000 in both the public and private sectors.
The Bank of England has resisted growing calls to deliver more stimulus to the economy while maintaining interest rates at the historic low of 0.5%.
The BoE's Monetary Policy Committee is likely to be split three ways in today's interest rate and QE decisions, but which is the best path to tread?
Government bonds jumped on Wednesday on rumours the Bank of England could be moving closer to increasing its £200bn "money-printing" programme to buoy the recovery.