Bank of England governor Mark Carney said yesterday that the time for a first UK interest rate hike since the financial crisis was getting closer as economic recovery gathers pace.

A breast cancer drug could extend the lives of patients with an advanced form of the disease by almost five years, a study has found.

European champions Bayern Munich feel they have got the strongest opposition they could have faced after yesterday’s Champions League last 16 draw pitted them against Premier League leaders Arsenal.

The first estimate of UK GDP for the third quarter of this year shows that the economy’s performance continues to improve. GDP expanded by 0.8%, which follows on from a 0.7% increase in the second quarter and a rise of 0.4% in quarter one.

Interest rates will be kept on hold today as more signs of economic cheer cast doubt over Bank of England governor Mark Carney’s forward guidance strategy.

Pressure is mounting on Bank of England governor Mark Carney ahead of tomorrow’s interest rates meeting as gathering signs of economic cheer cast doubt over his forward guidance strategy.

Mark Carney’s arrival as the governor of the Bank of England appears to have had an immediate impact on the bank’s monetary policy committee.

Bank of England policymakers will decide tomorrow whether to inject billions more pounds of stimulus into the UK economy or to hold off amid tentative signs of a recovery.

Bank of England policymakers are unlikely to deliver an early Christmas present to the economy today despite warnings that output could shrink again in the final three months of the year.

British interest rates are unlikely to be cut below their historic lows, but Bank of England policymakers have left the door open for more cash to be pumped into the UK economy, a report revealed today.

The UK is still in danger of falling into recession, according to the Bank of England, but further emergency support is looking less likely amid concerns over inflation.

ARSENAL AND CHELSEA will both face Italian opposition in the last 16 of the Champions League after yesterday’s draw in Nyon.

BRITAIN’S banks are drawing up contingency plans in case there is a disorderly break-up of the eurozone or exit of some countries from the single currency as the sovereign debt crisis rages on, a top British regulator said yesterday.

The Bank of England put protecting a fragile UK recovery ahead of inflation fears today as it left interest rates on hold at a record low of 0.5%.

The latest Bank of England rates meeting takes place this week amid growing signs of dissent after a shock vote by one policymaker to hike borrowing costs.

Bank of England policymakers were divided three ways over their decision on how to boost the economy this month, it was revealed today.

Britain could be out of recession in six or nine months but the road to recovery could be long and slow, Bank of England policy-maker David Miles said.

Bank of England policymakers are expected to pause for breath when they meet this week after the shock decision last month to pump an extra £50bn into the British economy.

British supermarket chain Asda cut its fuel prices to 99.9p (€1.16) per litre today, saying there was “little justification” to charge more than £1 at the pumps.

There are encouraging signs the worst of the recession in Britain might be over, a leading economist said.

House prices dived by 2.7% during August as the number of first-time buyers getting on to the property ladder slumped to a record low, figures showed today.

CLUB secretary Bryce Morrison admits Liverpool are heading into unknown territory after the Reds were paired with Toulouse in the Champions League third qualifying round.

Club secretary Bryce Morrison admits Liverpool are heading into unknown territory after the Reds were paired with Toulouse in the Champions League third qualifying round.

Arsenal club secretary David Miles admitted their Champions League third-round qualifying draw could have been worse after they were paired with Sparta Prague.

The housing market is likely to bust within the next few years, a prominent economist and former advisor to Gordon Brown will warn today.

Top greyhound trainer Owen McKenna talks to Diarmuid O’Flynn about his winning ways.

Supermarket chain Asda today announced it was creating more than 570 new jobs in Britain through an expansion of its in-store jewellery, photographic and optical departments.

Existing bank and building society borrowers should be offered the same cheap mortgage deals used to lure new customers through the doors, according to a UK government report published today.