Leading economists have predicted the UK's main inflation rate will fall as low as 0.5% next year.

The board at Barclays was told in February that the relationship between the bank's senior management and the FSA had "broken down", according to the chairman of the Treasury Select Committee.

This afternoon Barclays' former chief Bob Diamond faces a barrage of questions from MPs over the LIBOR scandal which has rocked the UK's banking system.

The Bank of England's deputy governor Paul Tucker has asked to be allowed to address the Treasury Select Committee following the revelation he contacted Bob Diamond to discuss Barclays' LIBOR submissions.

Investment Week's rising star Kyle Caldwell has scooped a prestigious award for his coverage of the investment trust industry.

Gold could be the best asset class to own in 2013 if inflation starts to pick up following major stimulus programmes from central banks, Fidelity's global strategist Andrew Wells has said.

Barclays boss Bob Diamond has resigned from the bank with immediate effect, just one day ahead of a parliamentary hearing into his conduct following the LIBOR scandal.

Global markets bounced back sharply last month, with some of the most heavily sold off equities in Europe up by huge margins.

Stephen Hester, chief executive of Royal Bank of Scotland, has given up his £2.4m bonus for 2012 following the computer meltdown at the bailed out bank.

Bank of England governor Sir Mervyn King has called for the current LIBOR system to be overhauled following the Barclays debacle.