UK economy finally set for sustained growth, says Bank of England deputy

Britain is finally set for a sustained period of growth but the recovery will be modest by historical standards, Charlie Bean, the deputy governor of the Bank of England, has said.

George Osborne warns Bank of England over economic recovery plans

George Osborne has warned the Bank of England that it risks derailing Britain's fragile economy if it uses tough new financial watchdog powers to clamp down too hard on the City.