Just about the only clever thing Gordon Brown (remember him ? ) did was to depoliticise interest rate setting by handing the job to the Bank of England.
A Financial Services Authority (FSA) review of interest rate swaps
A government proposal to deduct income tax at source from interest on compensation payments to individuals should be introduced gradually in order to reduce disruption to businesses.
Business managers and their advisers are wrestling with the financial fallout from interest rate hedging products offered by their banks that went wrong.
Barclays has admitted to mistakenly selling interest rate products to small businesses using a presentation that had only been authorised to be shown to investment professionals.
The Bank of England has announced today that interest rates will remain at 0.5% in a bid to lend stability to jittery markets.
The Bank of England has voted to keep interest rates at 0.5% and continue its already announced programme of asset purchases to £200bn.