The Pound suffered from a sharp sell off during Wednesdays session on news that the Bank of England held a split view over how much stimulus was required to put the UK economy back on track. MPC members David Miles and Adam Posen voted for a £75Bn injection and therefore failed to come to an agreement with their peers on how much would be needed for sustained future growth.

HMRC will be issuing employees and directors annual coding notices for 2012/13 between January and March 2012.Co-enveloping notices of coding, i.e. placing two P2s in one envelope, will continue where a taxpayer is due to receive more than one form. HMRC believe this means that about 96% of taxpayers will receive one envelope.

Good morning. Researchers have discovered that 54% of new parents choose a name for their little cherub which they come to regret (Robin Banks, Terry Bull). A surprisingly modest 22% had their first preference vetoed by their partner, although only last week Mrs Papademos refused to allow their baby daughter to be called Angela.

With Christmas now just a distant memory, what do we have to look forward to in the coming months until the Easter rabbit calls? But if you've already had too much of crème eggs and chocolate bunnies, how about looking forward to making use of your unused tax allowances.