Bank England Governor Mark Carney said the central bank was ready to act if the U.K.'s fledgling recovery failed to materialize, and recommended limiting how much homeowners could borrow should the housing market overheat.
Europe could have another 25 million poor people by 2025 as the effects of austerity measures are felt across the continent, a leading poverty charity warned on Thursday.
Here's the latest from our Highly Placed Professional.
The governor of the Bank of England, Mark Carney, is expected to come under fire from MPs over the central bank's policy of "forward guidance" following criticism that low rates are helping to fuel a house price bubble.
There is one aspect of George Osborne's speech on Monday that rings true.
In Newcastle-upon-Tyne, property prices are racing ahead. Over the last year it ranks as Britain's top performing city, with an 11% jump in the cost of buying a home.
After a Carney-free fortnight in Asia Minor, I returned to Blighty to find even my dentist singing the praises of the new governor.
Mark Carney should have seen this problem coming.
The economy has regained the pace of growth inherited by the government when it came to office in 2010, according to a leading economics institute.
Is this for real? The City certainly thinks the economy is finally emerging from the long, dark tunnel of stagnation into the sunlight of strong growth.
Stock market investors are bracing for panic selling in New York and London before what is expected to be the first rate rise by the US Federal Reserve since 2006.
Wall Street watchers are calling it the most seminal moment for the global economy since the collapse of Lehman Brothers unleashed a savage financial and economic crisis in 2008.
The more one sees of George Osborne – and this is not a chancellor who keeps himself to himself – the more he appears to be a practitioner of the false economy.