Catherine Brown in line to become first chief operating officer in Bank of England's 318-year history

Catherine Brown, head of human resources at the Bank

The most senior female executive at the Bank has emerged as a frontrunner to be named the Old Lady's COO. Catherine Brown, the highly regarded head of human resources at the Bank, is thought to be the leading internal candidate. The 47-year-old New Zealand-born lawyer is seen by many as the obvious choice.

'Who cooks and how do you split the chores?' Unmarried couples face intrusive questions by tax officials in latest crackdown on child benefits bill

Tax officials could quiz unmarried parents about their relationship if they suspect anomalies in their tax returns

As part of changes to child benefits, the taxman will be able to call up claimants and quiz them about the 'stability' of their relationship, if HMRC records show anomalies.

'Our customers want hot pasties': West Cornwall Pasty Company is charging VAT despite winning tax battle

Customer demand: People want pasties served hot

Plans to impose VAT on 'cooled-down' pasties caused such an outcry the move was dropped - but West Cornwall Pasty Company is now charging the tax because customers demand their pasties hot.

Shale gas could redraw the economic map of Britain - but price of houses near wells could fall by 24%

Shale gas exploration map

The only study on the connection between house prices and fracking shows that those living within two miles of shale gas wells can expect house prices to fall by 24 per cent.

VIEWPOINT: Tough choices in United States, whoever wins election

Neil MacKinnon, Economist with VTB Capital

This week’s vote looks like being a tight contest, though President Obama seems to be increasing his lead over Mitt Romney. However, America still faces hard decisions about its longer term fiscal policy.

'Rescue' investors who bought Comet stores for £2 'may walk away with £60m'

Controversial: The former backers of Comet are to keep the collapsed retailer's lucrative warranties business

Comet went into administration on Friday. But turnaround group OpCapita and its investors, who bought it for £2 a year ago, will keep Triptych, an insurer based in the Caribbean.

'I found credit that avoids high current account charges': Going in the red is more expensive than credit card debts as banks earn billions

Challenge: Philip Moulds found credit that avoids high current account charges

HSBC to become latest bank to add millions to payout bill for PPI mis-selling

Raising its provisions: HSBC has already put aside £1.1billion for PPI mis-selling payouts

The banking giant is expected to say it is raising its provisions for PPI mis-selling by well above the £150million many were expecting for the three months to the end of September.

Cameron to demand EU budget cuts in bid to recover billions from Brussels after Commons defeat

Prime Minister David Cameron was battered in the Commons when Tory rebels turned on him over the EU budget

The Prime Minister will demand significant changes in how the EU's 'structural funds' are spent at a budget summit later this month, after pressure from his own rebellious backbenchers.

Low interest rate stays as Olympic effect on services sector fizzles out

Fading optimism: Key services sector figures are expected to provide a backdrop to this week's MPC meeting

Key figures out tomorrow for Britain’s vital services sector are expected to provide a sobering backdrop to this week’s meeting of the Bank of England’s Monetary Policy Committee.

   

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'Our monthly income is being cut by 58%': Pressure grows on the Coalition to do a U-turn over drawdown pension rules

Fuming mad: Brian Jones, with wife Marion, has been told that his monthly income is being cut by 58 per cent

OPINION: Pensioners using income drawdown should be trusted with their own money

'Pension scandal': Ros Altmann, Director General at Saga

Yet another pension scandal is upon us – and the fault lies squarely with the Government, says Ros Altmann Director General at Saga.

'You would never think that our house could ever flood' - and how flood victims are trapped in homes they can't insure

Victims: Clive and Marilyn Raby visit their four-bedroom home which is being restored after flash flooding hit Swillington

Clive and Marilyn Raby were caught in a flood nightmare when drains backed up and a local water treatment plant overflowed after a downpour. A horrible mix of floodwater and raw sewage sloshed through the house.

Equal rights minister cut aide's sick pay entitlement to 'save taxpayer's money' (and now he faces losing his job)

Equalities minister Helen Grant has admitted altering an employment contract to deny her constituency assistant his statutory sick pay

Equalities Minister Helen Grant, pictured, who is also a solicitor, made the unauthorised change to the standard job contract issued by the parliamentary authorities for MPs to use when taking on staff.

Go easier on small builders who fall behind their tax return, taxman told

Go easier: A landmark court ruling says the taxman must take account of the financial impact on small builders of any penalties

A landmark court ruling says the taxman must take account of the financial impact on small builders of any penalties.

'We have opened a bond to benefit our son': How to choose the investments that increase your returns

Perfect pitch: Martyn Richards and his partner, musician Nina Garcia, have opened a bond to benefit their son

MIDAS SHARE TIPS: India's Mytrah Energy wind farms are well placed to turn steady profit

Wind of change: Turbines are less controversial in India than in the UK

Mytrah is already making money and profits are expected to soar over the next few years. Yet the shares have fallen to 74½p. At this price they are a bargain.

MIDAS UPDATE: Water purification firm HaloSource we tipped rises 30% in 25 days

Pure genius: HaloSource makes water safe to drink at a low cost

As if to prove that companies investing in India can deliver value to shareholders, HaloSource has had an extraordinary run since Midas Extra recommended the shares just three and a half weeks ago (October 10).

LISA BUCKINGHAM: Interest-only mortgages are NOT a scandal

 LISA BUCKINGHAM

There is little evidence that anyone was misled or ignorant of the risks they were taking, which is why calls for ‘mortgage mis-selling compensation’ are so worrying.Inherently there is little simpler to understand than a straightforward interest-only mortgage.

DAN ATKINSON: Our wealth is as flimsy as our products

Dan Atkinson

Official statistics recognise when we pay less for more, but not when we pay more for less. This means that we are almost certainly understating inflation.

JEFF PRESTRIDGE: Don't let banks axe vital basic accounts

jeff prestridge

Basic bank accounts are not the most glamorous of financial products. But they offer an essential financial lifeline to more than eight million customers who otherwise might not have a current account.

HUGO DUNCAN: The British tax system isn't fit for purpose

Hugo Duncan

The guiding principle must be taxation which is low, simple and compulsory rather than the dog’s breakfast we have at the moment. But reform requires more than just chasing the tax dodgers and closing the loopholes.

'Sending case by courier cost me less than airline's fees': How to avoid sneaky airline charges

'Rip-off': Emma Sohl, with Katie, left, and Jessica, faced an extra luggage fee

Sales and confidence rise for small firms, survey reveals

Confident: Nearly half small business said they would be investing in hiring freelancers and contractors

A survey of 2,000 small businesses, carried out after the announcement that GDP had risen, found 58 per cent were now willing to invest as they felt more confident.

COMET LATEST: Gift vouchers suspended but 'all stores' staying open, says administrator

Comet: All stores should be staying open, a spokesman said

A Deloitte spokesman said: 'Gift vouchers have been suspended temporarily while they assess the situation.'

Typical family savings would run out within a week in a financial emergency

Money matters: A minimum of three months of take-home pay makes a decent 'salary cushion' apparently

Some 31 per cent of those surveyed said they have less than £250 set aside as a safety net if something goes wrong

Forces families £110m better off with financial advice funded by Poppy Appeal

Payback: Poppy cash helps soldiers fight debt

Pennies donated this week through the British Legion’s annual Poppy Appeal could help put pounds in the wallets of deserving Service families.

INTERVIEW: New Matalan boss opens rift with call to cut VAT

Big seller: Leighton called for a cut in VAT to help revitalise the economy

ASK THE EXPERTS: I'm worried by threat to my Kodak pension

photo.JPG

I am paid a pension by Kodak, which has filed for insolvency in the US courts. Can I transfer my money somewhere else to safeguard the income?

Bradley Wiggins withdraws from controversial tax-dodging scheme linked with company in Caymans

Winner: Bradley Wiggins took gold medal in the Men's Time Trial - and has taken his cash out of the tax-dodge scheme

The 32-year-old cyclist was criticised last week after it was revealed he was using a scheme named Twofold First Services, but he told The Guardian: 'I have now instructed my advisers to withdraw me from the scheme.'

TONY HETHERINGTON: Blundering taxman hounds cancer victim

Tony Hetherington

Last year we did not receive a tax return, and assumed that as the Revenue were fully aware of our financial situation, we need not worry. But now we are being told we owe penalties of more than £600.

Personal pension holders in for a shock when estimates of retirement fund values are slashed from 2014

No false impression: The FSA has reduced its pension projection rates to make predicted returns more realistic.

The FSA says rate reduction will avoid consumers taking out personal pensions being given a 'false impression' of the return they might receive upon retiring.

Can I really get my credit card debt cleared for a fee of 20% of the amount I owe?

Can this company clear my credit card debt? The front page of the Highbridge brochure sent to This is Money by the reader.

Creditors to Music Festival left £7.5m out of pocket after it went into administration

Still in business: Bob Dylan on stage at this year's Hop Farm Music Festival near Tonbridge, Kent

Despite having Bob Dylan headline last summer’s sell-out Hop Farm event, the group was put in the hands of administrators at Shipley’s on October 3.

QE and low rates not silver bullet for economic problems, says Lord Turner, while experts warn recovery will be slow

Lord Turner: 'We may have to consider innovations'

The Financial Services Authority chairman said in a speech that new ways to boost growth will be needed

Tax evaders won't be prosecuted... and will stay anonymous: HMRC refuses to name 500 Britons on 'Lagarde List'

HM Rvenue and Customs chief exeuctive Lin Homer will face questions on Monday about the strategy to not pursue criminal charges against tax avoiders

HMRC chief executive Lin Homer (pictured) is to be grilled by MPs next week after it emerged just one person on the 'Lagarde List' of thousands of Brits with secret Swiss bank accounts has been prosecuted.

Best savings deals vanish as top instant-access accounts and catch-free cash Isas have their rates cut yet again

Falling rates: Savings deals are continuously being axed or pulled - leaving savers facing much lower rates than just three months ago

In the last two days, top-paying easy-access rates have been pulled. This means the average best buy rate for this type of account is 2.5% - down from 3.22% in July.

Nando's nears top of the pecking order as profits soar to £54m

Star appeal: Nando's chicken is a favourite of David Beckham and Pixie Lott

Profits at the fast food chain jumped from £31.5million to £53.9million on turnover of £374million in the 12 months to February. The number of stores increased from 241 to 260 and its directors declared themselves to be ‘satisfied’ with the financial performance.

EU proposes '20% VAT rise on new build homes' which could spell disaster for fragile UK housing market

If the proposals were approved it could spell disaster for developing wanting to build new homes

A consultation document has been issued that proposes bringing in a standard 20 per cent VAT on all new-build homes to standardise tax rates.

Happy holidays! O2 doubles worldwide roaming charges for 10million mobile customers

Ring ring: O2 is doubling the cost of using phones outside of Europe for its 23 million customers

The cost of receiving a call in the US will rise from 39p to 90p per minute and making a call will go up from 90p to £1.10.

Price glitch lets Tesco shoppers buy six bottles of wine worth £60 for just £9

Tesco wine cheaper than ever

Shoppers at Tesco have been able to bulk buy six bottles of £9.99 wine, usually worth £59.94, for less than the price of one bottle after a glitch on the supermarket’s computer system.

Metro bank blames red tape for lack of branches

Permissions problems: Metro bank chief executive Craig Donaldson

It had hoped to have 20 of its distinctive store-type branches open for business by the end of 2012, but had reckoned without the objections of councillors and planning officials.

I'm doing it right says M&S; boss as profits head for fall

Spinning the web: Marc Bolland has built up M&S online

Marc Bolland will reveal that M&S;’s website is profitable, unlike those of many of its rivals. He will also reveal that one in eight of its clothing and home products is sold online.

DIY mechanics: Why pay an expensive garage to sort out basic car problems, when you could do the job yourself?

Impressed: Sarah Hodgetts, pictured, did a course which armed her with knowledge when she took her VW camper van to the garage

With one in six motorists admitting to sacrificing things they love to keep their vehicles running, an increasing number of drivers are taking mechanical matters into their own hands. Linda Harrison goes under the bonnet to meet those beating big mechanics bills and find out exactly how easy it is to fix your own car.

Seaside towns are the blackspots on personal insolvency map of the UK

Insolvencies map: Some London boroughs have the lowest levels of personal insolvencies (Source: Experian)

Experian found that eight out of the top 10 insolvency hotspots were in Scotland and that only one out of the ten towns with the highest insolvency level - Motherwell, near Glasgow - was inland.

Defeat over car park VAT fees to cost councils £1bn

Row: Councils must now pay VAT on the money they earn from car parks

Four councils – the Isle of Wight, West Berkshire, Mid-Suffolk District and South Tyneside Metropolitan argued they should not have paid VAT on off-street parking fees.

Royal Bank of Scotland boss Stephen Hester says bank ready to take its 'medicine' over rate rigging scandal as he reveals loss of £1.3bn

Stephen Hester: RBS taking its medicine

The third-quarter figures for the state-backed lender were marred by a £400m provision to compensate customers mis-sold payment protection insurance and a £1.5bn charge against the value of its own debt.

Not so Comfort Inn: customer survey reveals UK's best and worst hotel chains

Sleep tight: Comfort Inn has come bottom of a poll of the UK's best and worst hotel chains by Which? Magazine

A £50,000 loss: that's the long-term hit for three-kid families facing New Year child benefit cuts

Unlucky numbers: A family with three children aged five, three and one in January would miss out on £50,684; a family with two children aged three and one could lose out on £38,948

This long-term cost equates to more than a year's take-home pay for many of those who stand to lose the handout, which is being cut back in the New Year, the financial services firm PwC found.

Selfridges shareholders get £40m dividend after a bumper year's trading

Good performance: The chain's stores include Selfridges in Oxford Street

The payout, taken from documents filed by Selfridges Holdings Limited, brings the total dividend in the past four years to £216million.

LEE BOYCE: Poor savings rates and tales of hard-selling - are we losing faith in building societies?

Under the spotlight: Are building societies really currently any different from banks?

With building societies priding themselves as alternative from 'big bad banks,' should they be offering stalwart rates and behaving better in branches? Reader tales of mis-selling and complaints about poor rates highlight how many feel they are not doing enough.

Budget supermarket Aldi beats luxury store Fortnum & Mason in Christmas pudding taste test

Flaming hell: The Aldi Orange topped Christmas pudding costs £7.99 and came second in the Good Housekeeping guide

Aldi's £7.99 orange-topped pudding came second after Good Housekeeping magazine described it as 'delicious' and 'a real bargain', while Fortnum & Mason's £24.95 version was 'a real disappointment' in 29th place out of 32 tested.

Silver Spring dries up again leaving the taxman £1.8m short

Bust: It is the second time Silver Spring has been in administration in the past three years

The Kent firm, which makes the Perfectly Clear water brand and the 1870 range of mixers, went into administration at the end of September.

Car buyers haggling almost £1k off, as economic downturn means 60% pay under the asking price

Haggle hard: Increasing numbers of car buyers are pushing down the price of a new and used motor

The economic downturn has resulted in drivers become a legion of thrifty bargain hunters, with the average buyer shaving £939 off a new or used car.

'Do it properly or don't do it at all': Avoid cutting corners with home extensions and your property's value will reap the rewards

Space-makers: A well-designed, practical extension could add room and value to your home.

Work until 70 to get your desired pension income, but women will have to work longer than men

Women face working a year longer than men.

Women face staying in work for longer than men before they can retire having met their pension goals. Falling annuity rates mean women in Britain will have to work seven months longer than men to retire with a pension income equal to the average wage.

Number of million-pound properties sold 'falls significantly'

Rich pickings: Lloyds estimates that in total there are around 166,000 homes in Britain worth upwards of £1million

Fewer million-pound homes were sold in the first half of the year than there have been for three years, according to new research by Lloyds TSB.

DOMINIC FRISBY: We need to return to 'real' money to solve the economic crisis

Money: We spend much of our time thinking about how to make more money - but few think about how the system works

I've not heard one high-profile economist, banker, journalist or politician - those who can actually influence the fixing of 'this mess' - suggest that the economic crisis is a result of our system of money.

Orange backtracks on free broadband axe - but only if customers complain

Axe: Orange said that it has ended its free offer because it was available for a limited time only.

After being faced with legal action from customers who claim the mobile firm has breached its contract it has begun to quietly settle with a number of customers.

Investing with a twist: Five investment trusts to stash in your Isa that offer something a little bit different

One for the gamblers: Macau has high demand, limited supply and an investment trust can be bought at a 40 per cent discount to the value of its holdings.

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