'Gloomy' Bank predictionspublished at 11:00 British Summer Time 13 May 2015
The BBC's economics editor tweets...
The government outlines new measures to tackle extremism and 'promote British values'
Theresa May disagrees with an EU chief who says no Mediterranean migrants will be forcibly returned home
Labour will select its new leader in mid-September, its ruling executive announces, as Andy Burnham and Yvette Cooper announce they will stand
Douglas Carswell insists he will not accept the £650,000 of public money UKIP is entitled to
Nominations officially open for the Lib Dem leadership contest
Dominic Howell, Marie Jackson and Andrew McFarlane
The BBC's economics editor tweets...
Victoria Derbyshire
Former Lib Dem MP Sir Nick Harvey, who lost his North Devon seat to the Conservatives, speaks to Victoria Derbyshire about the experience of being abruptly ejected from Parliament.
"I heard the exit poll and realised quite quickly we couldn’t possibly have won," he says.
While some of his Lib Dem colleagues - notablyformer leader Paddy Ashdown- thought the poll couldn't be right - Sir Nick says he thought the "number crunchers" had had "weeks, if not months" to study the election.
Most difficult to deal with was "the dawning realisation for the party that 40 years of progress had been wiped out in a day", he adds.
The Bank of England has also cut its forecast for growth next year from 2.9% to 2.6%, and for 2017 from 2.7% to 2.4%.
The Bank of England today cut its forecast for UK growth this year from 2.9% to 2.5%.
Special projects editor of the Guardian tweets...
Via Twitter...
The Daily Telegraph
"Ukippers should be careful not to ask Mr Carswell to choose between party and principle. There is little doubt about his choice." So says James Kirkup in the Daily Telegraph., external
"This is a man who takes his relationship with his constituents seriously. How would he explain to the people of Clacton why their taxes should pay for the 15 staff members UKIP apparently wants him to hire?"
Kirkup writes that even before the Short money row "there was only one question people at Westminster were asking about Douglas Carswell: how long will he stay with UKIP?"
And he adds that Nigel Farage's un-resignation "is about as far away from the Carswell way of doing politics as you can get".
Victoria Derbyshire
Victoria Derbyshire challenges Employment Minister Priti Patel over figures showing the number of people from other EU countries working in the UK has risen to almost two million.
Ms Patel says the government has changed the rules so that "people coming to the UK to work from the European Union do not have the free-for-all" to claim benefits.
It is also "a reflection" on the conditions in some other European countries, she argues.
Quote MessageThey are not creating the jobs. We're creating the jobs."
Victoria Derbyshire
Priti Patel says that "economic growth is crucial" if the deficit is to be eliminated by 2018.
She will not discuss the size of the deficit in cash terms, insisting that it has "halved since 2010".
"It's £87 billion, and you're talking about reducing it to zero," BBC presenter Victoria Derbyshire says.
Newsnight's economic correspondent tweets...
The BBC's home affairs correspondent tweets...
Victoria Derbyshire
Employment Minister Priti Patel welcomes the latest employment figures.
"Employment has reached an all time high of 73.5%," she tells Victoria Derbyshire.
This vindicates the government's "long-term plan" for the economy, she adds.
She says she wants to tackle remaining unemployment, including by creating new apprenticeships.
The CEO of the Howard League for Penal Reform tweets...
The Office for National Statistics tweets...
Victoria Derbyshire
Labour MP and former Home Office minister David Hanson gives qualified backing to the government's counter-extremism proposals.
"The question we would ask the home secretary is: what is the definition of extremism? How do we exercise that definition? What judicial oversight is there of that definition? What rights of appeal do people have?"
He says Labour does agree with taking action on the issue, but wants to "test very strongly" those definitions of extremism.
Unemployment fell by 35,000 between January and March to 1.83 million, official figures showed today.
The number of people claiming Jobseeker's Allowance last month fell by 12,600 to 763,800, the Office for National Statistics says.
Average earnings increased by 1.9% in the year to March, 0.2% up on the previous month. Excluding bonuses, pay rose by 2.2%.
Today Programme
BBC Radio 4
The Today programme spoke to one newly-elected Labour MP, Stephen Kinnock - the son of former party leader Neil - who was elected in Aberavon.
He jokes that "everybody thinks that I seem to know my way around" Parliament already because of his dad.
He says the forthcoming leadership election gives Labour the chance to "have a real discussion about the future of the party".
Mr Kinnock is also the husband of Danish Prime Minister Helle Thorning-Schmidt, who joined him at the election count last week.
Former Labour minister Kim Howells also has a few thoughts on Labour's future direction.
Quote MessageIt's got to reoccupy the centre ground of British politics. The British people reject the extreme right and they reject the extreme left. It's sensible politics that they're after, that's why I think they vote the way they do, and I'm afraid that the Labour Party occasionally becomes hugely diverted from that common sense approach. It refuses to be objective, it becomes kind of theological - that's when we lose elections."
Quote MessageI'm afraid there are far too many people inside the Labour Party who don't understand that and who love being in opposition. They love it, they love being able to shout from the sidelines about all these wishlists. The last thing they want to have to do is make difficult decisions in government."
Norman Smith
Assistant political editor
I think it almost certainly will be months. There has been talk of it being done by July, but that is not going to happen. The reason? The trade unions.
Under rule changes introduced by Ed Miliband, the unions no longer have a block of one third of the votes in leadership contests. Instead, they have to sign up their members individually to affiliate to the Labour Party so they can then take part, one member one vote. But because these rules have only just been introduced and none of the unions expected a leadership contest, they haven't signed anyone up. So at the moment they have almost no influence - and what they want is time.
If they are successful - if, say, they sign up 10% of their members - it is possible the unions could have even more of a say than under the old rules which elected Ed Miliband,
BBC Radio 5 Live
Former Labour MP and Foreign Office minister Kim Howells - who chaired Parliament's Intelligence and Security Committee for five years until he stood down in 2010 - tells 5live the government's new law to tackle extremism is unprecedented.
Quote MessageIt's a very, very ambitious programme and one which successive governments, including ones I served in, shied away from really, because as somebody said quite famously governments are very reluctant to 'do God'. This is really trying to get in there and tackle that theological argument that's at the heart of what groups like ISIS have been preaching around the world so it's a very, very ambitious project."