Economy 'barely grows' amid squeeze on incomes
The Bank of England Governor says that despite a resilient labour market, the economy has barely grown over the past two years.
Sir Mervyn King said: "The unexpected weakness reflects the impact of the euro area crisis and its effect on confidence and bank funding costs - and the sharp squeeze on real incomes from higher-than-expected world energy and food prices."
More top news
Egypt pool tragedy response criticised by girl's family
The family of a 5-year-old British girl who died while on holiday in Egypt say they are "devastated" at their loss.
A donkey and raccoon vie for Pudsey's BGT crown
A dancing raccoon and a painting donkey will try to steal Pudsey's crown on tonight's Britain's Got Talent.
Viewers' guide to the Eurovision Song Contest 2013
Your definitive viewing guide to the 58th annual Eurovision Song Contest in the Swedish city of Malmö.