UK

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.

PLATFORMS

UK

CONTRACT IS KING?

UK think-tank NIESR has revised down its growth forecast for the UK next year, despite a strong third quarter which has seen the economy emerge from recession.

The UK is out of recession and had its strongest quarter in two years over the three months to September, according to NIESR.

The International Monetary Fund (IMF) has told the UK to prepare to revise its economic strategy if growth continues to disappoint, the FT reports.

Pershing has begun hosting its practice management programme in the UK for the first time, giving firms an insight into regulation, buying, selling and merging businesses, technology and changing client demands.

The UK could leave the European Union by this autumn should the eurozone debt crisis intensify further, it has been suggested in a study by Japanese bank Nomura.

THE BIG QUESTION