A member of the Monetary Policy Committee told the Treasury today that "all of the discussions" at the Bank of England are about extending the quantitative easing programme rather than slowing it down.
The UK is two years behind the US in terms of economic recovery, a leading fund manager has warned.
The Chancellor George Osborne is to back proposals for harsher punishments for bankers who act recklessly and lead to the collapse of financial institutions.
Asian equity markets have followed their European counterparts higher in overnight trading, but investor attention is now firmly focused on the US once again.
The FTSE 100 bounced back this afternoon after a sell-off yesterday, with leading shares recovering from falls amid fresh hopes for a resolution to the crisis in Portugal.
The Bank of England has revealed controversial plans to relax rules governing safety standards for lenders in a bid to provide a £70bn boost to the economy.
Britain's top bank regulator has called for 'ground rules' on lobbying to prevent it destabilising the financial system.
Outgoing Bank of England (BoE) governor Sir Mervyn King has accused banks of attempting to influence financial regulation by putting pressure on senior politicians - including the Prime Minister.
Sir Mervyn King, the outgoing governor of the Bank of England who has spent more than two decades at Threadneedle Street, is to be made a life peer.