The Office for National Statistics has revised up its estimate of second quarter growth from a 0.7% contraction to a fall of 0.5%.
Barclays has confirmed Sir David Walker will succeed Marcus Agius as chairman of the bank on 1 November.
The Bank of England has cut its forecast for economic growth this year to almost zero and has predicted inflation will be below target in the medium term.
M&G's Richard Woolnough said the possibility of another £375bn in asset purchases by the Bank of England means gilt yields could remain at record lows for years to come.
The Bank of England will pump a further £50bn into the lagging economy through quantitative easing, amid industry warnings that companies will be forced to plug rocketing deficits.
The Bank of England is likely to pump another £50bn into the UK economy today, in the latest round of quantitative easing.
Barclays' submission of a memo to the Treasury Select Committee has revealed how Bank of England officials advised the bank on LIBOR.
The UK Treasury has called off its weekly gilt auctions for a four-week period between mid-July and mid-August during the Olympics.
The Bank of England should pump £50bn more into the "stalled" economy to kick-start the recovery, economist David Miles says.