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Treasury considering Lloyds sale

The Treasury is considering steps to return partially state-owned Lloyds bank to the private sector. But the Chancellor offered no timetable for share sales and said that the sale of the Government's stake in RBS remains some way off.

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Outgoing governor Sir Mervyn King to be made a peer

Outgoing Bank of England governor Sir Mervyn King is being made a peer. Prime Minister David Cameron nominated the banking chief for a life peerage for his significant contribution to public service. The announcement comes as Sir Mervyn gives his final Mansion House speech tonight.

Sir Mervyn King Credit: Press Association

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