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Mark Carney stands by forward guidance policy

Mark Carney

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.

Twerking dances its way into 2013 Google search rankings

Miley Twerking

Miley Cyrus did it, Lily Allen refused to do it, one London gym started offering lessons in it. And on Tuesday twerking – the frenetic, buttock-wiggling dance – also topped Google's list of the trends that Britons were trying to discover the meaning of online this year.