Growth more important than inflation says new Bank boss as he insists they are not 'maxed out' of ideas

Hope for Britain: Sparky Mark Carney expressed support for radical policy and self-sustainability

Incoming Bank of England governor, Mark Carney, indicated at the World Economic Forum in Davos, Switzerland, that he was prepared to see inflation, which is currently running at 2.7 per cent, remain higher than the government's two per cent goal for longer if it means output can be increased faster.

Energy fund designed to protect families from price hikes 'could face Treasury raid'

New clause: The Energy Bill is currently under scrutiny by MPs

The fund, which is also designed to guarantee investors' returns on costly generation projects is open to being raided by the Government, it was claimed on Sunday.

Insurer Admiral could buy law firm to snub ban on flogging customer crash details

Controversial: Car insurance giant Admiral is planning a tie-up or merger with claims specialist Lyons Davidson

Fees paid by lawyers to insurers to get details of customers involved in accidents will be banned from April 1 amid concerns that they have helped to drive up premiums.

Osborne faces MPs' fury as he 'shrugs off' recession fear

Storm ahead: George Osborne is due to answer MPs about economic figures

The Chancellor faces a rough ride from MPs as fears mount that Britain is heading into a triple-dip recession.

Starbucks deny threat to withhold millions of pounds of investment in Britain after Cameron's 'cheap shots' on firm's tax avoidance

Investment of £100million in new UK branches is under threat following the perceived 'cheap shots' made against the multinational

Starbucks held talks with the Government on Friday but has refuted claims it threatened to withdraw £100million investment in new UK branches after criticism of its tax affairs.

Hilco set to open stock deal negotiations with entertainment giants to salvage HMV

Out of tune: HMV fell into administration earlier in January, putting more than 4,120 jobs and 223 stores at risk

Hilco wants to rescue about half of the 223 stores in the UK as it looks to repeat the strategy that has seen it turn around HMV's Canadian arm, which it bought in 2011.

Sir Michael Rake to step down at easyJet following turbulent tenure as chairman

Sir Michael Rake: ¿By any definition the company has enjoyed a period of success'

EasyJet chairman Sir Michael Rake is to step down, despite surviving a clash with the airline’s founder last year and delivering a recent surge in the share price.

'We weren't told about the £450,000 exit fee': Thousands of firms are gearing up to fight the banks over complex loans

Exit shock: When hotel owners Colin and Julie Aldous tried to get out of the contract they were told it would cost £450,000

Libor link in Guardian Care Homes legal case against Barclays could open floodgates for claims

Legal case: Guardian argues that because some of Barclays' traders were trying to rig Libor, the swaps contracts it was sold were unfair

The £38million claim was brought by Guardian, which said it was mis-sold interest rate swaps in 2007 and 2008 by Barclays that later caused it to lose millions of pounds when interest rates fell sharply.

Should Britain stay in the single market? The key questions that will affect our EU balance sheet

Union Jack Flag

It is Britain’s biggest and most contentious balance sheet – the cost and benefit analysis of membership of the European Union.

Morrisons stuns suppliers with new round of price negotiations - six months after it last asked for discounts

Discount: Morrisons has begun a new round of price negotiations with suppliers

The move came days after the supermarket giant reported a 2.5 per cent drop in sales that left it trailing the growth of rivals.

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TAKING STOCK: City awaits shale gas news as Shell is set to unveil profits rise

Controversial: Shell is spending £4billion on fracking worldwide

The energy giant will deliver on profits, at least if it is sheer scale you are after rather than the soaring increases of previous years. The City reckons it will report annual profits of £18billion – which works out at about £2million an hour, every hour, every single day of the year.

MONDAY VIEW by HUGO DUNCAN: Only a deluded elite would say this crisis is over

Hugo Duncan

Davos has been labelled the 'sigh of relief' event this year. There will, however, be few people breathing a sigh of relief in Madrid or Athens or indeed Paris or Toulouse.

MIDAS SHARE TIPS: Revived Dogs snap at heels of the Footsie

Generous: Aviva, fronted by actor Paul Whitehouse, offers a yield of seven per cent

Out of the ten stocks in our experimental portfolio, eight have risen in price over the past quarter and the other two have fallen only slightly.

'Big Four' accountants expected to defy MPs in interrogation over tax avoidance

Tax avoidance schemes: KPMG, Deloitte, PricewaterhouseCoopers and Ernst & Young are set to be questioned by MPs

KPMG, Deloitte, PricewaterhouseCoopers and Ernst & Young are expected to infuriate MPs by refusing to identify which organisations they have advised.

A 60% rise in the FTSE All-Share in only two years? Optimism over equities gathers pace

Going for growth: William and Lynn Faith invest in a trust with VinaCapital Vietnam

Bank's figures set to show signs of life in mortgage market

Hopes: Bank data is expected to show signs of life in the property market

The Bank of England’s own data, which take in a wider range of lenders, have been poor recently. But there are hopes that December’s figure will this week show signs of life.

Clamour from all sides for Chancellor to reassess Plan A in March Budget as Britain risks 'lost decade', but markets march on undeterred

Osborne: 'I am absolutely clear that we have got the right plan'

London Mayor Boris Johnson urged his Tory colleague to 'junk talk of austerity' and press ahead with major infrastructure projects

Vince Cable orders fresh review of business rates

Business rates review: Vince Cable

The Business Secretary’s decision is the first sign that the Government is responding to high street concerns that rates continue to rise while rents in many areas outside Central London are in decline.

More listed companies struggling to hit profit targets than any time since 2008

Hard work: Industrial companies were the hardest hit, with the electrical and industrial sectors each issuing 17 profit warnings last year

The number of UK stock market listed companies warning over profits leapt to 86 in the fourth quarter, taking the total to 287, the highest since the credit crunch and banking sector meltdown in 2008.

'Toothless? I could make a bullying supermarket pay millions': First supermarkets watchdog Christine Tacon starts work

Grocer girl: Christine Tacon aims to protect suppliers

Christine Tacon was appointed as the Groceries Code Adjudicator last week. One of her first jobs will be to formalise last month’s announcement that the watchdog will be able to fine transgressors.

LISA BUCKINGHAM: Admiral sinks to new low in crash racket

LISA BUCKINGHAM

What is it about business that – just as it should be on its very best behaviour – it manages to pull the stinkiest rabbit out of an increasingly putrid hat?

JEFF PRESTRIDGE: A retirement law injustice for one group of women

jeff prestridge

Those women born between April 1953 and July 1953 who are due to reach their State pension age between April 2016 and 2017 have been hit by a cruel double-whammy of policy changes.

DAN ATKINSON: It's time for a straight message on austerity

Dan Atkinson

There are a few important rules for the planning and delivery of difficult fiscal decisions and, based on present form, the Treasury is likely ignore all of them.

'We secured a low-rate five-year fix': Home loan freeze is thawing - but not for first-time buyers without a big deposit

Wrapped up: Alistair and Liz Brown, with daughters, from left, Gabriella, Isobel and Maddy, with Amber the dog and Jester, have secured a low-rate five-year fix

Banks charge us £9bn a year for current accounts through complex fees

Big profits: Banks make the equivalent of £139 per customer and year on current accounts, mostly through loans using customers' money

Five years after many banks were saved by receiving billions of pounds in public money, they continue to give customers a raw deal, the Office of Fair Trading says.

Middle class families earning more than £50,000 will be given £1,000 a year in childcare

Extra help with the huge cost of nurseries and childminders is to be extended to struggling middle class families

Nick Clegg says he is determined that a huge package of help to reduce the cost of nurseries and childminders will be extended to struggling middle-income families.

Pound's 'abysmal' start to the year continues as sterling crashes amid fears over triple-dip recession

Pound's 'abysmal' start to the year continues as sterling crashes amid fears over triple-dip recession

Sterling was 'slaughtered' on the global currency markets after official figures showed the UK economy shrank by 0.3 per cent in the final quarter of 2012 - leaving it on the brink of a triple-dip recession.

'I know the loan will not increase in size': Pensioners forced to release cash in their homes to pay the mortgage

Debt-free: Janet Wainwright chose to start an equity release plan with Stonehaven

The value of new equity release plans jumped 17 per cent in 2012, according to a new study. Janet Wainwright chose to start an equity release plan with Stonehaven, drawing a lump sum to clear her debts.

ASK THE EXPERTS: Bank snubs my divorce payouts for mortgage

Maintenance income: Many lenders treat it as secondary income

I am in the process of finalising a divorce. I want to carry on in our existing home, using maintenance payments from my ex-husband and my earnings to repay the mortgage. But the bank will not count the maintenance as my income. Is it being unreasonable?

TONY HETHERINGTON: Insurer refused to pay out after our 'lost' foster girl stole wife's gems

Tony Hetherington

Our foster girl stole my wife’s jewellery and other saleable items, worth in all about £8,500. But our insurance company says we are not covered for theft by foster children.

'I'm thankful I had winter sports cover when I broke my leg': Third of skiers risk £3m bills without cover

Insured: Jane Francis is grateful for the insurance that covered the steep medical bills incurred after she broke a leg on a skiing holiday

A serious accident on the slopes could rack up a bill of £3million. One skier thankful she had winter sports cover is Jane Francis, 60, from Alfriston, East Sussex.

Tories are plotting to bring back 10p tax rate axed by Gordon Brown to kill perception they are a party of millionaires

Tax: Gordon Brown axed the 10p tax rate in 2008

Ministers are examining plans being advanced by Tory backbenchers to ensure that the first £2,500 of taxable income is taxed at 10p in the pound rather than the current rate of 20p.

MADE IN BRITAIN: Financial Mail wins praise for fantastic 'fantastic awards'

Hailed: Minister Vince Cable said the awards dispelled negativity

Business Secretary Vince Cable praised Financial Mail last week for putting together a celebration of small firms and British manufacturing with our first Made in Britain awards. Speaking at the awards ceremony in London, Cable said: 'It is absolutely the right and important thing to be focusing on the many success stories in British manufacturing, in particular the many smaller companies who are growing rapidly and contributing to job creation and the recovery of the economy.'

MADE IN BRITAIN AWARDS: Harvard Engineering named the Judges' Choice winner

Victory: From left, John Charles of Harvard, judges James Caan and Helen Loveless, James Osborne of Harvard and Financial Mail's Vicki Owen

The firm, based in Wakefield, West Yorkshire, provides low-cost, energy-efficient lighting to public and private businesses around the world.

MADE IN BRITAIN: Winner has lightbulb moment after redundancy, plus People's Choice and runners-up

Triumph: John McDonnell set up a lighting firm after losing his job

The winner of Financial Mail’s inaugural Made In Britain awards is proof that the shock of redundancy can be turned into triumph.

You think banking is free? Banks and building societies make £139 a year on each of the UK's 61 MILLION current accounts

Current accounts: Banks and building societies make the equivalent of £139 per active account according to the OFT

Banks and building societies generated revenues of £8.8billion from current accounts in 2011 – the equivalent of £139 per active account, figures revealed today.

Burglary hotspots revealed: Those living in corners of London and Leeds are the most likely to claim on insurance policies

Security measures: London and Leeds postcodes have topped a list of areas with the most theft and burglary home insurance claims

London postcodes accounted for five of the top ten locations on the list – but the poll was topped by LS13 in Leeds for the Bramley, Gamble Hill, Moorside, Rodley and Swinnow area.

Oil firm Enquest tempts savers with retail bond offering a 5.5% return - should you bite?

North Sea operator: Enquest is the first oil company to tap ordinary savers for cash with a retail bond

North Sea operator Enquest has become the first oil company to tap savers for cash with a retail bond offering a 5.5 per cent annual return until 2022.

Leisure sector 'blinkered over social media', survey shows

Sales boost: Facebook

Most leisure companies are failing to grasp the benefits of social media tools such as Facebook and Twitter even though they could boost sales, according to research by Barclays.

Bootle the buy-to-let boomtown: Merseyside district tops list of UK's most lucrative areas for landlords

Bootle docks: The research found the average house price in the area is £65k, while rents are £451

It offers the best return on investments, with landlords getting an annual yield of 8.3% on their initial purchase, data from Home.co.uk reveals. On the flipside, affluent areas of London are the worst for investors when it comes to rental yield.

Barclaycard to launch new market-leading 25-month zero interest balance transfer card

Market leader: Barclaycard will introduce a new 25-month zero interest balance transfer card this Monday.

Bettering its existing market-leading balance transfer card by a month, the product will go live on its website on Monday and comes with a 3.5 per cent fee, reducing to 3.2 per cent after a partial refund.

Families' disposable income slashed by a fifth every month because of debt interest alone

High interest: Households on average are paying out £189 a month in interest on their debts.

Households are finding themselves forking out on average £189 in interest payments alone each month on top of capital payments made on their borrowing.

Britons have paid off half their personal loans since the financial crisis, with debts at their lowest since 1999

Counting the pennies: Cautious consumers chose to pay off more than they borrowed in 2012

The total balance owed by consumers on all personal loans fell to £34.5billion in December, the lowest figure seen since August 1999 and almost half its pre-financial crisis peak.

'My nephew bought a £500 trip to Nepal': Smartphone users warned over apps that can spend hundreds at the click of a button

Oops: Helen Gaze's niece managed to use the Groupon app to buy a £519 trip to Nepal by mistake.

Helen Gaze, a child daycare manager, often allowed her 5-year-old nephew, Harry, to play with her mobile phone. But one day he strayed from looking a photos and playing games to a discount shopping app. He accidentally purchased a £519 trip to Nepal and the 29-year-old only realised when she spotted the money missing from her account.

LEE BOYCE: Using just my name and address a fraudster took £1,000 of Wonga loans - yet it won't reveal how this can happen

Wonga barrier: The payday lender is staying tight-lipped as to how I became a victim of fraud

I have been a victim of fraud, yet it wasn’t willing to tell me how it had happened. Did Wonga take my case seriously? And is it helping those who suffer similarly as it should? The barriers put up when I tried to find out are not encouraging.

Savings trick: Grab a minimum 4.3% return on your money as well as First Direct's £125 current account sweetener

Savings trick: The 8% Regular Saver from First Direct is a good option for those looking to save up to £3,600

Is it worth opening a First Direct account to grab the switching incentive and savings rate? Lee Boyce takes a look at how it stacks up.

'I paid off my Virgin credit card TWICE but got hit with £100 in charges': How phantom interest can ruin your credit score

Credit car woe: Mr Zimmerling has been left out of pocket and seen a blotch on his credit record after MBNA/Virgin troubles

Mark Zimmerling found a card he believed cleared had a sting in the tail - and would end up costing him more than £100 in sneaky charges months down the line.

Record low rates let borrowers fix below 2 per cent. What next for mortgage rates and should you fix?

Houses and calculator

Mortgage rates are back at record low levels - with five-year fixes below 3 per cent and two-year fixes below 2 per cent. So is now the time to fix?

Money moral: Should I keep chasing my builder for a bill so I can pay what I owe - or forget about it?

Builder cutting a wall

Former Savoy chef makes a fortune selling stake in baby food company she founded

Innovative: Susie Willis set up Plum when she couldn't find decent products to feed her children

Susie Willis who set up Plum after failing to find decent baby food products for her children will make a second fortune after selling her remaining stake in the business. The business has now been sold to an American privately-owned baby food firm, which happens to have the same name, for a sum thought to be between £10million and £20million.

NS&I; provides cheer for savers as it moves 94,000 customers from old accounts to its Direct Isa - giving them a 1.75% rate boost

Isa boost: NS&I is switching customers from a 0.5% rate to a much higher 2.25% deal

It has announced this morning its closing the existing cash Isa accounts and moving customers to its Direct Isa account, giving savers a 1.75 point boost.

ANDY YATES: Can a revolution of socially-minded entrepreneurs save the world?

Tswana woman on cell phone

Experienced entrepreneur, adviser and mentor Andy Yates says there is a growing entrepreneurial revolution that could change society.

Experts back lifting restrictions on NEST pensions as government review comes to an end

Evidence needed: Steve Webb MP says the Government needs evidence that capping contributions and restricting transfers is detrimental to the consumer.

Monday sees the end of a government review into whether regulations limiting the remit of the National Employment Savings Trust (NEST) should be lifted.

Want to invest a little each month with your bank? Then you'll need £50k - or to fork out hundreds in charges

Stranded: Small investors needing advice have been hit with punitive charges by banks

Cautious car owners can avoid paying the same sky-high insurance as boy racers by proving they can drive like women

A woman driving a car

A new insurance firm called Drive Like A Girl promises to slash premiums for all customers - regardless of gender - if they drive smoothly, avoid rapid acceleration and harsh braking. These qualities are typically exhibited by female drivers, insurers’ statistics reveal.

The tax breaks (and traps) to watch out for if you work from home

Good boundaries: Keep strict business hours so your family and employer know when they can and can't reach you

Get your tax affairs in order and earning a living from home could be a tempting prospect, especially when factoring in the cost of childcare.

Borrowers with big credit card debts 'can save £830 in interest' by switching to best balance transfer deals

Balance transfer: Moving your debts can save you hundreds of pounds in interest.

Interest-free periods on top balance transfer cards now average at 23.2 months, so those struggling with a financial hangover this January can save themselves hundreds of pounds as they get back on their feet.

Margaret Edge banked with Barclays for 68 years - yet it claimed she didn't exist

Margaret Edge

The great-grandmother was left without money and unable to pay her bills over Christmas after the bank froze her account when she attempted to rearrange her finances following the death of her husband Reuben.

ASK TONY: I signed up for cheap foreign calls with Vodafone - then they were cancelled

Ask Tony cartoon

Vodafone withdrew a service called Vodafone Passport — which let me make and receive calls while in Europe for a single charge of 75p. I am an airline pilot and spend on average 15 days a month in Europe. Vodafone has instead introduced a product called EuroTraveller, which costs £3 to take your domestic tariff abroad. I am just over halfway through my 24-month contract with Vodafone and am left with the prospect of increased telephone bills. Can I end my agreement?

Europe being left behind in global race, warns PM as unemployment reaches 26% in Spain

The recession bites: The unemployment crisis has been particularly painful for the young with around 60 per cent of Spaniards aged 16 to 24 who want a job unable to find work

David Cameron told the World Economic Forum in Davos that Europe was being ‘out-competed, out-invested and out-innovated’ and needed to change. The Prime Minister said it was time to make it an engine for growth.

SMALL CAPS MOVERS: Green energy and cleantech remain bullish, with Renewable Energy Generation up 5%

Thar she blows: Renewable Energy Generation announced a bigger breakthrough, with a £32million deal to sell two wind farms, including South Sharpley, to American fund manager Blackrock

Steve Asfour, head of sales trading at Fox Davies, reckons the stock market could begin to pull back shortly as money comes off the table.

ALEX BRUMMER: Personal betrayal by banks as clients still receive lousy quality of basic services

Alex Brummer

Amid all the clamour of past wrongdoing it is easy to forget that the banks are failing to do the basics well, writes Alex Brummer (pictured).

INVESTMENT EXTRA: A dog that can pay its own way

Top ten yielding stocks

Michael O’Higgins' Dogs of the Dow strategy picks the highest yielding blue-chip stocks, surmising they have been over-sold.

When will UK interest rates rise? Markets suggest Bank will not hike rates until 2014 at earliest

Bank of England in London

Savers face postcode lottery on rates as small building societies limit best deals to locals

Locked out: Ipswich BS is limited its savings products to certain local postcodes - and others could soon follow suit

Small building societies, under pressure from the Government’s Funding for Lending Scheme, are reverting back to being 'local' or 'regional' providers.

Our savings picks: This is Money's five favourite best buy cash Isas for 2013

number 5

We pick our five favourite cash Isas for savers. This is essential Isa reading and is kept up-to-date throughout the year

Tourist rates

Currency Rate Buy now
Updated 28 Jan 2013.
Euro 1.1547 Buy Now
US Dollar 1.5477 Buy Now
Australian Dollar 1.4606 Buy Now
Canadian Dollar 1.5405 Buy Now
Chinese Yuan 9.4269 Buy Now
Croatian Kuna 8.5897 Buy Now
Czech Koruna 28.978 Buy Now
Danish Kroner 8.4835 Buy Now
Egyptian Pound 9.8992 Buy Now
Euro 1.1547 Buy Now
Hong Kong Dollar 11.871 Buy Now
Hungarian Forint 331.67 Buy Now
Japanese Yen 139.6 Buy Now
Malaysian Ringgit 4.6179 Buy Now
New Turkish Lire 2.7145 Buy Now
New Zealand Dollar 1.8385 Buy Now
Norwegian Kroner 8.4172 Buy Now
Polish Zloty 4.7317 Buy Now
Singapore Dollar 1.8839 Buy Now
South African Rand 13.763 Buy Now
Sterling 1.0 Buy Now
Swedish Kroner 9.8715 Buy Now
Swiss Franc 1.4293 Buy Now
Thai Baht 45.034 Buy Now
UAE Dirham 5.6389 Buy Now

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