As new inflation figures are expected to stay well above the Government's target of 2% the Governor of the Bank of England is due to give evidence at Treasury Select Committee hearing on the Financial Policy Committee's November 2012 report.
Ed Davey, the Energy Secretary will also appear before the Energy Bill Committee later today, it is expected that increases in energy bills will have played a large part in the above target inflation figures when they are released.
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A much improved day across the UK. Rain spreads in through this evening and overnight with the heaviest bursts across western Scotland.
Risk of localised flooding across some western areas with snow melt/heavy rain.
The US government shutdown has entered its third day as the Senate deadlock continues.