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National economies were plunged into recession and, 16 years later, the public finances of the world's most advanced economies are still dealing with the consequences in terms of borrowing and debt levels. End of the golden age of iron ore? China's property market... Tesco loses Supreme Court legal battle over plans to 'fire... The buzz is back: John Lewis boss eyes higher profits as he... Boots appoints ex-shop floor worker to take helm as US owner...

The decision of the Bank's prudential arm to take the foot off Basel brakes is correct. But if the UK wants a vibrant and competitive banking sector, that feels able to address lagging private sector investment and lacklustre productivity, there is a strong case for further liberalisation. Reforms such as improved deposit insurance of £85,000 in the UK, the separation of consumer from casino banking and stronger capital requirements have proved sensible.

But as is often the case, the enforcers overdo it. Venice regulars Julianne Moore and Tilda Swinton are in town for Pedro Almodóvar's English-language debut The Room Next Door while Nicole Kidman is screening her erotic thriller Babygirl on August 30. * Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence. These deals are chosen by our editorial team, as we think they are worth highlighting.

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