Chancellor George Osborne is expected to face opposition from Treasury civil servants over his plans to sell the government’s stake in part-nationalised lender RBS to the public, reports The Times. Senior officials are said to be against the idea, saying that they are over-complex and have raised concerns about the effect on the deficit.

Consistent high inflation in the UK could stop new Bank of England Governor Mark Carney from attempting “radical monetary policy to help the recovery reach ‘escape velocity’, The Telegraph says, citing a report by ITEM Club.

The Guardian writes that department store Marks & Spencer is being attacked over the way it structures its online sales to Europe, being accused of a scheme in which goods are invoiced to an Irish subsidiary at a lower rate.

Financial Times says that US hedge fund Monarch Capital is to open a new office in London “in a sign of growing interest in Europe as the continent’s banks prepare to offload troubled assets and undervalued loans”.

LVMH’s private-equity unit L Capital is considering to make a big investment in fashion retailer, The Independent says. Lloyds’s buyout division LDC is also among the potential suitors, the paper writes.

According to the Financial Times, European fashion retailer H&M is looking at sourcing clothes from Latin American and Africa for the first time as it rethink its sourcing policy in the aftermath of a factory collapse in Bangladesh that killed over 1,200 people.