In an interview with The Daily Telegraph, Martin Weale, one of four external members of the Monetary Policy Committee [MPC], said he could “certainly envisage circumstances in which it would be sensible to undertake further asset purchases” on top of the Bank’s recently announced policy of “forward guidance”.

The Indian rupee fell below Rs65 to the US dollar on Thursday, extending a run of record lows as new government policy measures failed to improve investor sentiment in Asia’s third-largest economy. The Reserve Bank of India has announced a series of new measures aimed at stemming the rupee’s decline, but restrictive capital controls announced last week have been taken as a signal of desperation, the FT writes.

Bundesbank chief Jens Weidmann slammed the “recklessness” of those invoking a Eurozone break-up, in comments to a German business magazine. “What vexes me is how recklessly people invoke such a scenario,” he told the magazine in an interview to be published on Thursday, The Daily Telegraph writes.

Almost 250 staff working for Heinz in Britain could lose their jobs as part of a streamlining of the business after its sale six months ago. The Pittsburgh-based food manufacturer, which was bought by Warren Buffett’s Berkshire Hathaway and 3G for $28bn in February, said that it needed to be in a “better position for accelerated growth in a very competitive global market,” The Times reports.

Private sector workers earning the average wage will be 29 pound-a-week worse off when the new flat-rate state pension is introduced, a new estimate shows. The introduction of the single tier pension in 2016, worth £144-a-week in last, will bring an end to the second state pension (S2P), which acts as a top-up to the basic state pension. The loss of S2P will be of detriment to millions of workers in the long-term, claims the Trades Union Congress, according to the Daily Mail.

Virgin Money has beefed up its senior management team in a move that it says reflects “a period of unprecedented growth” since its acquisition of Northern Rock. The Edinburgh-based company has hired Lee Rochford from Royal Bank of Scotland as chief financial officer, in an unusual move that will see him work “in tandem” with finance director Finlay Williamson, The Scotsman says.