The business secretary, Vince Cable, has warned that interest rates may have to rise to constrain a "raging housing boom" in London and the south-east.
Credit rating agency Standard & Poor's incited the ire of European Union officials on Friday when it snatched away the region's top AAA rating, citing tensions between member states and a deterioration in their overall financial health.
It's a happy holiday for the financial world.
European leaders opened a two-day Brussels summit on Thursday with Angela Merkel, the German chancellor, facing stiff resistance to her plan to force structural reforms on the ailing economies of the eurozone.
The largesse of the Federal Reserve over the past five years has amounted to one of the largest ever subsidies to the American wealthy.
Four months ago, when unemployment stood at 7.8%, the Bank of England issued forward guidance on interest rates.
Britain's unemployment rate has slipped to a four-and-a-half year low of 7.4%, edging closer to the "threshold" at which the Bank of England has said it will consider raising interest rates.
The price of bitcoin has plummeted by 50 percent since record highs in late November, with selling accelerating on Wednesday after reports that the People's Bank of China (PBoC) has ordered third-party payment providers to stop using the virtual currency.
The Bank of England will announce plans on Wednesday to press ahead with switching to plastic banknotes, starting with the new Sir Winston Churchill £5 note in 2016.
The Bank of England governor, Mark Carney, has robustly defended his forward guidance policy in parliament against critics who argue it is confusing and has done little to persuade markets that an interest rate rise can be delayed for three years while the economy mends.