Jane Austen may appear on banknotes
Sir Mervyn King (the outgoing governor of the Bank of England) has announced author Jane Austen may replace Charles Darwin on the £10 note.
The European Central Bank cuts interest rates to record low
The European Central Bank has cut its benchmark interest rate to a new record low of 0.5%.
Happy new tax year
New tax year – new ISA allowance.
Cyprus bailout: debate postponed by parliament
Cyprus bailout: debate postponed by parliament. Under the terms of the 10 billion euro bailout, savers in Cyprus have to hand over up to 10% of their deposits.
Bank of England holds interest rates and refrains from further QE
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.