Hats off to Mervyn King. By voicing his doubts about the government's �130bn gamble on the housing market, the outgoing Bank of England governor has restarted a vital debate.

In the letter to the leaders of ten crown dependencies and British overseas territories David Cameron said he backed their right to low tax jurisdictions, but insisted rules needed to be set and enforced fairly.

Marks & Spencer's store staff could see their meagre �100 bonus trimmed or ditched after the retail bellwether posts a further fall in annual profits this week.

The Scots are accustomed to having their views ignored in the British political system. In 18 general elections since the second world war, the Conservatives have had a majority in Scotland only once (1955), yet they have formed the government nine times.

It began as a sideline on a Herefordshire farm little over a decade ago but is now being touted around the world to potential buyers for �100m.