The Governor of the Bank of England explained why inflation would fall back towards the Government's 2% target later than expected. Student tuition fees and rises in energy bills were partly to blame.
More top news
Chancellor George Osborne has announced a £500m investment for the Faslane naval base in Scotland, home of the UK's nuclear deterrent.
Five-times major winner Maria Sharapova has pulled out of the US Open tennis championships due to a leg injury.
Police are hunting for a mother who has disappeared with her 10-week-old baby.