Mark Carney

Britain must see a business recovery before interest rates can begin to rise, according to Mark Carney, the Governor of the Bank of England.

Sterling has climbed against a basket of currencies including the dollar this morning after the Bank of England altered its forward guidance policy and revealed GDP is expected to overshoot expectations.

The Bank of England has today said it will not hike rates "for some time to come" - with the base rate potentially at 2% by 2017 - as governor Mark Carney begins to alter his forward guidance policy.

The Bank of England governor will enter the Scottish independence debate by reflecting on the currency implications of a "Yes" vote in the referendum.

The Governor of the Bank of England has indicated his policy of linking interest rates to unemployment could be scrapped less than six months since its creation.

Labour will refer high street banks to the competition authorities if it is elected in 2015, Ed Miliband, the Labour leader, is expected to say in a speech on Friday.

The Bank of England's Monetary Policy Committee has left interest rates unchanged again at 0.5%.

Regulators are considering compiling a list of the largest asset managers worldwide which could threaten the global financial system in the event of their collapse.

FIVE THINGS

The Bank of England (BoE) could lower the unemployment target it has said must be reached before it raises interest rates, according to some experts, as jobless figures fall faster than expected.