Portrait of the week

Home Fred Goodwin, the former chief executive of the Royal Bank of Scotland, was stripped of his knighthood by the Forfeiture Committee, which said he had ‘brought the honours system into disrepute’. Stephen Hester, the chief executive of the Royal Bank of Scotland, turned down a £963,000 shares-only bonus payment in the face of ‘enormous

Home The government was defeated in the Lords by 252 to 237 on an amendment by the Rt Rev John Packer, Bishop of Ripon and Leeds, to the Welfare Reform Bill, removing child benefit from the proposed welfare cap of £26,000 a year per household. Vince Cable, the Business Secretary, said in the Commons that

Home Ed Balls, the shadow chancellor, commenting on the public sector wage freeze, said: ‘I can’t promise to reverse that now.’ Ed Miliband, the Labour leader, said it was ‘absolutely right’ to place employment before pay rises. But Len McCluskey of the Unite union called it a ‘Blairite coup’ and Mark Serwotka of the Public

Home The High Speed 2 rail link between London and Birmingham is to go ahead, Justine Greening, the Secretary of State for Transport, announced. The stretch to Birmingham would be completed by 2026, but a connection to Heathrow not until 2033, when the extensions to Manchester and Leeds would be finished. The cost of the

Home Gary Dobson and David Norris were found guilty, on the evidence of blood and fibre traces, of the murder of Stephen Lawrence at Eltham in 1993. Dobson had been acquitted of the crime in 1996, but the law changed to allow a new trial to consider new evidence. A 20-year-old man charged with murdering

Home The Duke of Edinburgh, aged 90, left Papworth Hospital in Cambridgeshire four days after arriving by helicopter for an emergency operation to fit a stent in a blocked coronary artery. ‘It is tragedy that often draws out the most and the best from the human spirit,’ the Queen said in her Christmas broadcast, recorded

January The government introduced a Health Bill to give control of the NHS budget to GPs. Andy Coulson resigned as head of communications at Downing Street. Prisoners set Ford open prison on fire. Gerry Rafferty, the singer, died, aged 63. Nigel Pargetter fell to his death from the roof at Lower Loxley. A fox weighing

Home David Cameron, the Prime Minister, said before an EU summit on the eurozone debt crisis that he would not agree to any treaty change ‘that fails to protect our interests’. Downing Street rejected suggestions by Iain Duncan Smith that a referendum on the EU would be made necessary by the changes proposed. Sir Mervyn

Home Public borrowing will exceed previous forecasts by £5 billion this year, £19 billion next year and £30 billion in 2013-14, George Osborne, the Chancellor of the Exchequer, said in an Autumn Statement delivered under dark clouds. The ratio of debt to GDP would rise to a peak of 78 per cent in 2014-15. He

Home David Cameron, the Prime Minister, said: ‘Getting debt under control is proving harder than anyone envisaged.’ In a speech to the Confederation of British Industry he blamed in part ‘paralysis in the eurozone’. His words came a week before the Chancellor was due to make his autumn statement, and the Office for Budget Responsibility

•Home The crisis in the eurozone was ‘an opportunity to begin to refashion the EU so it better serves this nation’s interests’, David Cameron, the Prime Minister, said in his Mansion House speech. George Osborne, the Chancellor of the Exchequer, said in a television interview: ‘There’s got to be more integration — the kind of

Home Theresa May, the Home Secretary, blamed Brodie Clark, the head of the UK Border and Immigration Agency’s ‘border force’, for ‘relaxation of border controls without ministerial sanction’. Mr Clark left the agency, declaring that what Mrs May had said in parliament was wrong. An online petition urging ministers to reduce immigration gained more than

• Home St Paul’s Cathedral decided not to take court action against anti-capitalist demonstrators who, since 15 October, had kept 200 tents pitched outside. The Corporation of London suspended its own legal action. The Rt Rev Graeme Knowles resigned as Dean of St Paul’s, a post he had held since 2007. His resignation followed that

Home David Cameron, the Prime Minister, insisted on being present, along with leaders of the 10 EU countries not part of the eurozone, at a summit on the crisis surrounding the currency bloc. At an earlier summit of leaders of all 27 EU countries, President Nicolas Sarkozy of France told Mr Cameron: ‘You say you

Home After the resignation of Liam Fox as Defence Secretary, a report by Sir Gus O’Donnell, the Cabinet Secretary, found that there had been a ‘clear breach’ of the ministerial code in his working relationship with Adam Werritty, who had accompanied him on 18 foreign trips. Dr Fox, he said, had been warned about Mr

Home The Bank of England launched out on a further £75 billion worth of quantitative easing, but refused to buy government bonds maturing in 2017 because traders had driven up the price. Typical households will not return to the level of income they enjoyed in 2009 until 2015, according to the Institute for Fiscal Studies.

Home George Osborne, the Chancellor of the Exchequer, told the Conservative party conference in Manchester that the Treasury would spend billions buying bonds from small and medium-sized businesses in an exercise called ‘credit easing’. He announced a freeze on council tax for a second year, saving householders an average of £72. He also remarked: ‘We’re

Home The International Monetary Fund reduced its growth forecast for Britain this year from 1.5 per cent to 1.1 per cent and for next year from 2.3 to 1.6 per cent. A debate rumbled on in government about whether to spend more money on public infrastructure works as dark financial clouds loomed. ‘What I will

Home The Independent Commission on Banking, headed by Sir John Vickers, recommended that there should be insulation of high street banking from investment banking. George Osborne, the Chancellor of the Exchequer, accepted the commission’s call for its recommendations to be introduced by 2019. The report received cross-party support, although it would cost banking £7 billion