The Bank of England is unlikely to be able to predict the next financial crisis, despite having learned from its "Michael Fish" moment, key staff have told MPs.
Ministers are set to give way over business rates and pay hundreds of millions of pounds in compensation to those worst hit by the tax following a revolt by Conservative MPs.
The Government has insisted it is “closely” following the London Stock Exchange's �21bn merger with German rival Deutsche Boerse but did not bow to calls to use its powers to halt the controversial tie-up.
Government finances recorded a �9.4bn in surplus in January, �0.3bn higher than the same month last year. Boosted by self-assessment tax receipts, January is typically a strong month for government finances.
Maintenance workers on London Underground have voted to strike "following numerous unresolved breaches of agreed machineries and agreements by management".