UK News: Brown admits 'big mistake' over banks

GORDON Brown has said he made a "big mistake" on financial regulation before the banking crisis that plunged Britain into recession.

The former prime minister said the regulatory framework he put in place failed to address the "entanglements" of different institutions and "how global things were".

Sub man murder charge

ROYAL Navy serviceman Ryan Samuel Donovan was set to appear in court today accused of the murder of a colleague and the attempted murders of three other crew on board a nuclear submarine. Lieutenant Commander Ian Molyneux, 36, was fatally shot on board HMS Astute in Southampton on Friday.

Families feel squeeze as disposable income falls

FAMILIES are facing the biggest peace-time squeeze in their spending power since 1921 as wages fail to keep up with soaring inflation, according to a new report.

The rising cost of items such as oil, utility bills, food and clothes are set to leave the average household with 910 a year less to spend in 2011 than two years ago, said the Centre for Economics and Business Research. Disposable incomes are due to fall by two per cent in 2011, following a 0.8 per cent drop in 2010.

Mobiles' wrong number

BRITISH mobile phone users are wasting an average of 195 a year on their mobile phone bills because they are on the wrong contract, a new report has found.

Just over three-quarters of people on monthly deals are paying over the odds, after wrongly estimating how many minutes and text messages they use. The study by Billmonitor discovered that subscribers are wasting nearly 5bn a year.

Redgrave's oarsome effort

Sir Steve Redgrave has won the race to be named the London Marathon's top celebrity fundraiser.

The rower and five-times Olympic gold medal winner raised more than 1.75 million for his charity, The Steve Redgrave Trust, when he ran the marathon in 2006.

Birmingham: A two-month-old boy was fighting for his life in hospital today, while a man arrested on suspicion of his repeated stabbing remained in custody.

Officers were called to a house in the Handsworth area of Birmingham on Friday night and discovered the seriously injured infant.

Staffordshire: The painstaking task of engraving the names of all the UK servicemen and women killed in 2010 is due to begin today.

The month-long process to honour those killed on duty or through terrorism in 2010 will start at the National Memorial Arboretum in Alrewas.