The governor of the Bank of England has told the UK to prepare for a potential rise in interest rates this year.

Bank of England governor Mark Carney has said rates could be as high as 3% over the medium term to 2017, endorsing comments made by colleague Charles Bean earlier this week.

Old Mutual Wealth has bought advice network Intrinsic for an undisclosed sum as it continues its growth strategy across a number of channels.

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 Financial Conduct Authority (FCA) has confirmed its levy for the coming year will be £432.1m, with financial advisers contributing 9% of the total.

The Evening Standard has apologised to the Chancellor of the Exchequer George Osborne after an image of its front page - meant to be released later today - revealed details of the Budget ahead of Osborne's speech.

Chancellor George Osborne is to tell the electorate this week that his debt plans are in ruins, with the deadline for bringing UK debt down pushed back by many years.

Capital Economics expects the Bank of England to cut the UK's base rate from 0.5% in an effort to stimulate growth, after last week's GDP figure showed the economy is shrinking faster than feared.

Brussels is proposing new rules to prevent the manipulation of LIBOR as part of a crackdown in the wake of the rate-fixing scandal.

The UK economy shrank by 0.3% in the first quarter, the final official reading has confirmed.