European Central Bank (ECB) President Mario Draghi takes part in a plenary debate on the ECB's Annual Report 2013 at the European Parliament in Brussels February 25, 2015.
Interest rates were cut to an all-time low when Sir Mervyn King was Bank of England governor. Photograph: Chris Radcliffe/PA Wire/PA Photos.
The Friends Life brand will disappear after Aviva's �5.6bn takeover, which will bring cost savings of �225m, in part through 1,500 job losses.
House prices in the UK dropped by 0.3% in February, according to Halifax, with the average property price standing at �192,372 - 8.3% higher than this time in 2014.
Almost 20 areas around Britain are set to get lower petrol and diesel prices as part of an EU-approved hardship-easing scheme. 12:55, UK, Thursday 05 March 2015.