UK economy: growth is looking up but there are hurdles ahead

Mervyn King

If the UK economy were a horse it would be gearing up to race in the Derby. When all the economic surveys display the kind of vigour and confidence associated with a champion racer, it is no wonder so many traders in the City of London are putting bets on soaring GDP growth.

Ex-FT editor to head up banking standards body

The Hinds Head

Sir Richard Lambert, the former Financial Times editor and ex-director general of the Confederation of British Industry, is to chair a new professional body aimed at raising standards in the scandal-hit banking industry.