The Bank of England wants more formal powers to intervene in the housing market to stop a bubble destabilising the financial system.
Virgin Money's flotation is set to return �50 million to the taxpayer after it unveiled the details of its long-awaited flotation which will help pay off monies agreed in its purchase of Northern Rock in 2011.
Activity in the construction sector picked up in September, according to the latest purchasing managers' index, suggesting building work was growing at close to the fastest pace since the recession.
The high street crisis deepened yesterday after City watchdogs launched an investigation into bogus profit claims at Tesco while Sainsbury's revealed a disastrous fall in sales.
The UK's economic recovery is more buoyant than the rest of Europe, with increasing numbers of British consumers confident enough to buy �affordable treats� while their German and Irish counterparts are reluctant to do so, according to Domino's Pizza ...