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The British public's expectations of what inflation will be over the coming year edged down to 1.6pc in May from 1.8pc in April according to the latest survey from YouGov/Citigroup.

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The markets have been busy kicking the deficitridden dollar and predicting its demise. But the biggest victim may be across the Atlantic: the eurozone.

Currency experts have indicated that the midterm outlook for sterling against the dollar looks positive.

The German government is meeting to choose its preferred bidder for General Motors Europe with fears rising of job cuts at UK subsidiary Vauxhall.

Pound goes through 1.60 for first time in over six months as hopes the global economy may be over the worst lifts appetite for hard hit currencies.

More than 90pc of economists predict the US recession will end this year although the recovery is likely to be bumpy according to a survey by the National Association for Business Economics.

More than half the people who complained to the financial services watchdog last year received compensation but it helps if you know how to put your case for redress.

Jessica GorstWilliams obtained more than £1m compensation and redress for Telegraph readers last year. Here are her top tips.

The Treasury's survey of economic forecasts contradicted Chancellor Alistair Darling's and raised the possibility of a £70bn hole in the public finances.