Bank of England governor tells Britain to brace for devastating financial crisis as OECD warns country is facing double dip recession

Sir Mervyn King (pictured) told MPs there was no doubt the banking system was ‘less safe’ than three months ago and might not be strong enough to withstand a eurozone meltdown.

Osborne doubles free nursery places for two-year-olds: Chancellor’s £380m boost for toddlers

A major increase in free childcare will be unveiled today as the Government steps up its efforts to intervene earlier in children’s lives. The Coalition promised universal nursery education for three and four-year-olds last year and made a pledge to extend this to the most disadvantaged two-year-olds around the country.