Former Wales and Northern Ireland Secretary Peter Hain has said there is too much spin in the Westminster bubble with journalists and politicians operating in their “close little world”.

A report published by the National Audit Office into the creation and sale of Northern Rock reveals that the government is likely to lose £2bn overall by the time all the assets are wound down. The BBC’s business editor Robert Peston has the details.

The taxpayer could lose about £2bn once the assets of collapsed bank Northern Rock are wound down, the National Audit Office estimates.

Controversial comments in Labour MP Peter Hain’s autobiography were never intended to undermine the administration of justice in Northern Ireland, the High Court in Belfast hears.

London Underground and two companies are to be prosecuted by the rail regulator over a runaway train on the Northern Line.

Umberto Bossi, the founder of Italy’s main opposition party the Northern League, is under investigation for fraud, authorities say.

Police in Northern Ireland have apologised for any distress caused to families following the revelation the PSNI kept body parts and tissue samples in some cases of unexplained deaths.

The governor of Northern Ireland’s third largest prison, Hydebank Wood, is suspended from duty following a report into the death of a 23-year-old female prisoner.

Two Stormont junior ministers suggest Northern Ireland’s golf clubs may harbour secret sectarian attitudes.

Former Wales and Northern Ireland Secretary Peter Hain confirms he is resigning from the shadow cabinet to campaign for the building of a Severn barrage.