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JobsExecutive director of the Bank of England, Andrew Bailey, says free banking encourages misselling and should be ended.
Quote of the day: 'It will put up the cost of people's insurance, put up the cost of people's pensions, it will cost many, many jobs. It will make Europe less competitive and I will fight it all the way.'
Stat of the day: £1.1bn - How much tax has been lost because of job cuts at HMRC.
In a much-needed boost to small businesses in the UK, the building society has unveiled plans to introduce SME lending by 2013.
The OFT has threatened Wonga with fines for repeated malpractice surrounding its debt collection antics.
The rate of inflation in the UK fell to its lowest level in more than two years last month, according to the Office for National Statistics (ONS).
The British public could be billions out of pocket once the bank's assets are fully wound down, according to a report by the National Audit Office.
Greece's default looms large and Bankia teeters. Meanwhile, France attempts to edge away from the abyss.
Stat of the day: €800m. As political uncertainty continues in Greece, the people yesterday took to the cash machines to withdraw hundreds of millions.
Mervyn King says the eurozone crisis remains a dangerous threat to the recovery of the UK economy.
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