Hector Sants: Ex-FSA Chief Awarded Knighthood

The man tasked with regulating the City in the run-up to the near-collapse of the UK banking system has been knighted in the Queen's New Year Honours.

Former Financial Services Authority (FSA) chief executive Hector Sants has been recognised for services to financial regulation after overseeing sweeping reforms following the nationalisation of Northern Rock and the bailout of major banks.

The knighthood may be seen as a controversial decision, as it was Sir Hector who led the organisation accused by MPs of being "asleep at the wheel" in the run up to the collapse of Northern Rock.

While he was criticised for the FSA's failure to spot and prevent the credit crunch and subsequent banking meltdown, he has since won praise for cleaning up the regulator and for his role in forcing banks to beef up their balance sheets.

Sir Hector said the award was a "testament to the hard work of everyone at the FSA during the crisis, their willingness to learn lessons and to bring about the changes that were necessary".

The 56-year-old had planned to leave his role in February 2010, but was convinced by Chancellor George Osborne to stay on to see through the coalition's break-up of the FSA.

It was thought he would become a deputy governor of the Bank of England and head the Prudential Regulation Authority (PRA) - one of two new regulatory bodies that will replace the FSA as part of an overhaul in the wake of the financial crisis.

But Sir Hector unexpectedly resigned earlier this year and has courted more controversy, joining scandal-hit Barclays, where he will become the bank's first point of contact for regulators.

He is believed to be in line for a £3m pay package.

The FSA received a mauling from MPs in the wake of the banking crisis and collapse of Northern Rock.

Northern Rock had to be nationalised in 2008, with the Government also having to bail out Royal Bank of Scotland, Lloyds TSB and HBOS.

In the aftermath of the crisis, Sir Hector warned the City to "be frightened" as he pledged an era of more intrusive and direct regulation.

He also laid the blame at the door of the US and UK governments for their part in the crisis, saying authorities worldwide sought to "encourage a significant credit boom particularly for the benefit of consumers who wished to purchase housing".

Sir Hector joined the FSA wholesale markets arm from Credit Suisse in 2004. He became chief executive in 2007 - just two months before the run on Northern Rock.

It had been widely expected that Sir Hector would return to the private sector when he resigned from the FSA.

Barclays, which has had its reputation battered following this summer's rate-rigging revelations, has appointed Sir Hector to the newly-created role of head of compliance. He is due to start on January 21.

It is believed he will also play a central role in rewriting the bank's pay and bonus strategy.

Sir Hector is married with three children.

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New Year Honours: Kate Bush Heads Arts Field

Figures from the worlds of music, the sciences and the arts were among those to receive recognition in the New Year Honours.

Illustrator Quentin Blake, best-known for his work in Roald Dahl's children's books, has been awarded a knighthood.

Artist Tracey Emin, choreographer Arlene Phillips and singer-songwriter Kate Bush have all been given CBEs in the list.

Bush said she is "deeply honoured", while former Strictly Come Dancing judge Phillips said: "I am very pleasantly surprised but mostly absolutely thrilled and delighted to receive such a wonderful honour."

Actor Ewan McGregor gets an OBE in the New Year's Honours

Former Prime Minister Tony Blair's wife, Cherie, is given a CBE in recognition of her service to women's issues and to charity in the UK and overseas.

Actor Ewan McGregor - star of Trainspotting - and fashion designer Stella McCartney both get OBEs.

And Professor Peter Higgs, namesake of the Higgs boson or so-called "God particle" - which was finally proved to exist in July - has been awarded a Companion of Honour 48 years after his discovery.

Metropolitan Police Commissioner Bernard Hogan-Howe has been awarded a knighthood, while MI5 head Jonathan Evans is made a Knight Commander of the Order of the Bath.

Captain Raymond "Jerry" Roberts - one of the four founder members of Bletchley Park's Testery section tasked with breaking the German top-level code Tunny - has been recognised with an MBE.

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Bradley Wiggins Knighted In New Year Honours

By Ian Woods, Senior News Correspondent

Britain's gold rush during the London Olympic and Paralympic Games has led to 78 athletes and coaches being named in the New Year Honours List.

Among the top honours are knighthoods for cyclist Bradley Wiggins and yachtsman Ben Ainslie, while Paralympic cyclist Sarah Storey becomes a Dame.

Dave Brailsford and David Tanner, the Performance Directors who have ensured that Britain now leads the world in cycling and rowing are also rewarded with knighthoods.

Every British athlete who won a gold medal in the Olympics or Paralympics is included in the list unless they have already been honoured in the past.

Heptathlete and face of London 2012 Jessica Ennis is awarded a CBE

So Sir Chris Hoy, who was knighted after the Beijing Games, is omitted from the list despite adding two more gold medals to his career tally of six.

Somali-born middle-distance runner Mo Farah becomes a Commander of the Order of the British Empire for his stunning double gold medal performances in the 5,000m and 10,000m.

He joins four other competitors who become CBEs having previously collected the MBE (Member of the Order of the British Empire) - rower Katherine Grainger, cyclist Victoria Pendleton, heptathlete Jessica Ennis and wheelchair athlete David Weir.

David Weir was also given a CBE after winning four gold medals in London

Sir Bradley admitted to having mixed feelings about receiving a knighthood. Born in Kilburn, he is now almost as famous for his sideburns and Mod image as his cycling exploits.

This was the year he became the first Briton to win the Tour De France, and he also won the Olympic Time Trial title and the BBC Sports Personality of the Year award.

He told Sky News: "It's an incredible honour and it's an incredible thing to have. It's still not something that sits incredibly easily with me, I don't think it's something I'm going to use in daily life.

"(It's) an amazing thing to have in the drawer for my wife my kids and my family. It's topped the year off really."

Dame Sarah Storey first won Paralympic gold as a swimmer, and achieved even greater success when she switched to cycling.

A birth defect means she does not have a left hand, but she also competes against able-bodied cyclists and was pushing for a place in the Olympic squad.

Ben Ainslie was also knighted after winning four gold medals

"I really hope that everybody who's been connected to what I've done feels a part of what has happened," she told Sky News.

"To be honoured in this way - the top gong as you might say - you never even imagine or dream of it. It's just beyond your wildest dreams."

Her boss, Dave Brailsford, becomes Sir Dave after overseeing not just the Olympic triumphs, but the rise of Team Sky as a professional road racing team. Like Sir Bradley he is struggling to adjust to the adulation.

He said: "[It feels] very strange. On the one hand you feel proud and honoured, on the other hand it feels quite humbling really.

Swimmer Ellie Simmonds gets an OBE, while Sarah Storey becomes a dame

"It's a recognition for everything that's happened in cycling over a period of time. I'm the lucky one who gets recognised."

Jessica Ennis CBE told Sky News: "It sounds very surreal. It's such an honour.

"When you get involved in sport, and when I started, it certainly wasn't something that I ever thought of, so to now be in this position at 26 and be receiving a CBE is such an honour."

Cyclists Jason Kenny and his girlfriend Laura Trott end 2012 sharing four gold medals and two OBEs (Officer of the Order of the British Empire).

Andy Murray gets one not just for his Olympic victory, but also for winning the US Open.

Andy Murray caps his Olympic gold and US Open title with an OBE

Olympic rower Katherine Grainger, double equestrian gold medalist Charlotte Dujardin and paralympic swimmer Ellie Simmonds and paralympic horsewoman Sophie Christiansen add OBEs to the MBEs they collected following winning performances in the 2008 Beijing Games.

Christiansen told Sky News: "As athletes we work towards getting gold medals but this is the icing on the cake to be recognised."

Lord Coe, the mastermind of the Games, becomes a companion of honour, but one notable absentee from the list is film director Danny Boyle, the creator of the opening ceremony.

He appears to be one of the minority who for various reasons decline to be honoured.

London 2012 mastermind Lord Coe becomes a companion of honour

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First-Time Home Buyers 'Up 12% In Past Year'

The past 12 months saw 12% more first-time buyers take the plunge into the property market than in 2011, according to a report by the Halifax.

About 216,000 people got their feet onto the property ladder in 2012, the highest number since the credit crunch began.

But it is still almost half the 402,800 people who bought their first home in 2006.

The average age of a first-time buyer has increased to 30, from 29 a year ago, and the typical deposit required is now 20% - compared with the deposit of around 10% put down in 2007.

Halifax said the rise was due to more mortgages coming on the market.

The number available has increased by around a fifth since a multibillion-pound Government scheme was launched in August to kick-start lending to firms and households.

The Government also recently introduced the NewBuy scheme, which helps people to buy a new-build home with a fraction of the usual deposit.

Martin Ellis, housing economist at Halifax, said: "The number of first-time buyers has risen to a five-year high, boosted by the improvement in affordability resulting from the reductions in both house prices and mortgage rates in recent years.

"Conditions for potential first-time buyers, however, remain very difficult with problems raising the necessary deposit and concerns over the economic climate."

He also said that first-time buyers have become increasingly reliant on extra help to give them a push onto the ladder.

The Council of Mortgage Lenders (CML) recently estimated that 65% of this sector of the market had financial assistance in mid-2012, compared with 31% seven years earlier.

First-time buyers in London put down the largest average deposit, at £62,356, while those in the north put down the smallest, at £14,936.

The average deposit needed across the UK is £27,984.

The average house price paid by a first-time buyer increased slightly to £139,921 in 2012 - representing a 3% rise compared with 2011.

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Weather: Downpours To Bring Yet More Flooding

Large parts of Britain are braced for yet more flooding with heavy rain forecast on Friday and Saturday.

Just under two inches of rain are needed by Monday for 2012 to be the wettest year on record for the UK overall.

A new record has already been set for England with 43.1in of rain falling between January 1 and Boxing Day, the Met Office said.

The Environment Agency (EA) said that the west of the UK should prepare to take the brunt of more wet weather, with many areas still saturated with water from before Christmas, when floods forced many to flee their homes.

The Thames Barrier was closed to keep the high tide out of London

Heavy rain in the north and west on Friday will increase the risk of flooding, while more downpours are forecast on Saturday.

"The weather is set to remain unsettled into the weekend. With the ground still very wet, and river levels running high, any rain is likely to increase the risk of flooding," an EA spokesman said.

"There is also an ongoing risk of flooding from groundwater, particularly in Dorset, and some larger rivers like the Thames and Severn are still rising as they slowly respond to the recent downpours.

"As a result, we may see further flooding of low-lying land, such as flood plains and low-lying roads as the peak in river levels moves downstream."

A car drives down a flooded road between Sonning and Playhatch in Berkshire

There are 82 flood warning and 182 less-serious flood alerts in place, focused on the Midlands, South West and South East.

The recent heavy rain, coupled with late-running engineering work and other problems, meant a miserable return to work for rail travellers on Thursday.

First Great Western said the main line in the South West, which has been closed since before Christmas because of flooding between Exeter St Davids and Tiverton, is expected to reopen on Saturday.

The Thames Barrier was also raised on Thursday morning to keep the high tide out of London and reduce the risk of flooding.

It reopened later in the day, but was closed again from 10.15pm through to 3am.

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Abducted Atiya Anjum-Wilkinson 'On Way Home'

Missing six-year-old girl Atiya Anjum-Wilkinson is reportedly on her way home three years after being abducted by her father.

Atiya vanished in November 2009 after going to stay with her father, Razwan Ali Anjum.

The former insurance salesman said he was taking the girl to Southport.

Instead he took her to Lahore, Pakistan, and told Atiya's mother, Gemma Wilkinson, that she was "never going to see Atiya again", courts have heard.

Anjum is serving a prison sentence in Britain for refusing to reveal his daughter's whereabouts despite a court order.

Atiya vanished in November 2009

However, sources have now suggested Atiya has been located in Pakistan and is due to arrive back in the UK this afternoon.

In November, Ms Wilkinson, 32, from Ashton-under-Lyne, Greater Manchester, made a fresh appeal for information on her daughter's whereabouts.

She said: "It's been an absolute nightmare.

"As to her whereabouts we know nothing. We've had no contact. I'm worrying every day, every single day. Everything is affected by it. When I close my eyes I see her.

"I say goodnight to her every night before bed. I pray she's OK. There is no proof she is still alive. It's been discussed that she could have been sold, but I don't want to believe it.

"She was so funny. She was a little bundle of joy. We just want her home."

Atiya is thought to have been found in Pakistan

Ms Wilkinson's "on-off" relationship with Anjum ended in 2008.

Anjum was handed a fourth consecutive jail term by a High Court judge in April after he refused to reveal where his daughter was.

Mr Justice Moor imposed a 12-month sentence after he found him in contempt of a High Court order instructing him to disclose Atiya's whereabouts.

He said Anjum, who is in his late 20s, would not be eligible for release until he had served at least six months.

Judges have previously imposed jail terms of two years, 12 months and another 12 months in the hope that Anjum would provide information.

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Pensioner Dies After Midnight Mass Attack

A man has died after being attacked while on his way to midnight mass on Christmas Eve.

Alan Greaves, 68, from Sheffield, was found on the pavement close to his home.

South Yorkshire Police said Mr Greaves died last night in the city's Northern General Hospital.

Mr Greaves, a father of four from High Green, died from head injuries.

Detective Superintendent Matt Fenwick said: "Mr Greaves appears to have suffered a brutal attack after leaving his home address to attend midnight mass.

"At this stage, the motive is unclear. I want to hear from anyone who witnessed the incident. If you know who did this, please come forward and offer your support to the family at this difficult time."

The Sheffield Star newspaper has reported that Mr Greaves was on his way to play the organ at the service at St Saviours C of E church when he was attacked at around 11pm.

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Norfolk Car Crash: Two Young Girls Killed

Two girls aged seven and 10 have been killed and three other people injured after a car crash in Norfolk, police have said.

The children were in a car along with two adults and another child which crashed on the A47 near Wisbech at 6.40pm, according to Norfolk Police.

All five occupants of the black Ford Focus were taken to the Queen Elizabeth Hospital in King's Lynn, where the girls died from their injuries.

The other three occupants of the car remain in hospital, although police said their injuries are not believed to be serious.

A Norfolk Police spokesman said: "The incident happened on the A47 at approximately 6.40pm when a black Ford Focus left the road, ending up on its side at the edge of a ditch.

"Five people were travelling in the car, two adults and three children, who were all taken to the Queen Elizabeth Hospital in King's Lynn.

"Sadly, two girls aged seven and 10 died in hospital as a result of injuries sustained in the collision."

The girls were taken to Queen Elizabeth Hospital in King's Lynn

The road was closed in both directions for several hours at the scene of the accident - close to the Norfolk border with Cambridgeshire - before reopening just before 10.30pm.

A police spokesman said officers were continuing to investigate how the vehicle came to leave the road and asked for witnesses to the crash to come forward.

The accident comes two days after two young brothers were killed in a Christmas Day motorway crash.

Adnan Habib, 10, and four-year-old Arsalaan were killed when the car they were in - also a Ford Focus - crashed on the M6.

The crash happened on the A47 at 6.40pm on Thursday

In a statement their family said: "Adnan and Arsalaan were our family's precious jewels, spreading joy wherever they went. They were happy and joyous boys who were a central part of the family, always smiling and bringing smiles to everyone they met."

Their 32-year-old aunt, Bushra Tazarib, also died in the crash which happened close to junction 15, near Stoke-on-Trent, at about 11.25am.

Two other women were travelling in the car, including the boys' mother, who was driving at the time of the crash. Both were taken to hospital but discharged on Boxing Day after treatment.

The scene of the crash near Wisbech, Norfolk.

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Graphene: Super Funds For Super-Material

Investment funds totalling £21.5m are going to some of Britain's top universities to develop commercial uses for the "super-material" graphene.

Manchester University academics Andre Geim and Konstantin Novoselov won the 2010 Nobel Prize in Physics for demonstrating the remarkable properties of the material.

Graphene is a kind of two-dimensional carbon which is one of the thinnest, lightest, strongest and most conductive materials known to man.

Graphene atoms are arranged in a regular hexagonal pattern similar to graphite, but in a sheet one-atom thick.

A sheet measuring one metre square weighs only .77 milligrams.

The aim is to see the material put to use in a wide array of industrial and everyday applications.

Graphene could deliver potentially lucrative technological breakthroughs in areas ranging from electronics to energy generation and telecommunications.

George Osborne saw Manchester University's graphene research labs last year

The Engineering & Physical Sciences Research Council has identified the most promising graphene-related research projects in British universities to benefit from state funding.

The University of Cambridge has been awarded more than £12m for research into graphene flexible electronics and opto-electronics, which could include things like touch-screens and other display devices.

London's Imperial College will receive over £4.5m to investigate aerospace applications of graphene, working with a number of industrial partners including Airbus.

The other successful projects are based at Durham University, the University of Manchester, the University of Exeter and Royal Holloway.

The universities will be working with industrial partners including Nokia, BAE Systems, Procter & Gamble, Qinetiq, Rolls-Royce, Dyson, Sharp and Philips Research. They will together bring a further £12m to the table.

News of the funding was announced by Chancellor George Osborne, who said: "The Government moved quickly and decisively to make sure this Nobel Prize-winning technology invented here in the UK was also developed here.

"It's exactly what our commitment to science and a proactive industrial strategy is all about - and we've beaten off strong global competition.

"Now I am glad to announce investment that will help take it from the British laboratory to the British factory floor."

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Child Abuse: New Database Of Medical Visits

By Liz Lane, Sky News Reporter

A national database is being introduced in hospitals to flag up potential vulnerable children to nurses and doctors.

It is in order to prevent cases similar to that of Baby Peter Connelly in which health and social service workers repeatedly failed to pick up on signs that the toddler was being abused.

Social services failed to detect signs that Baby P was being abused

He died of multiple injuries in August 2007.

Health Minister Dr Dan Poulter is behind the system and said: "For many years there's been a problem of getting joined-up and co-ordinated information to front-line healthcare professionals about children that may be potentially at risk from abuse."

Under the system, a flag will appear on the child's medical record at any hospital they attend if they have already been identified by a local authority as being at risk, or if they have frequently been taken to accident and emergency departments.

Currently, this sort of information is not shared between hospitals up and down the country.

Dr Simon Eccles, of Homerton Hospital in east London, believes it will help doctors make better judgements.

"Spotting those characteristic injury patterns that tell you a child has been abused is one thing," he said, "but what's much harder is the child whose injuries are completely understandable but actually have just been happening too often."

Lauren Matthews, whose nine-year-old son Leo has been in hospital recently, told Sky News she has her concerns: "Two weeks ago we had to take him to hospital because his friend closed his hand in the door. And then yesterday we had to come into hospital again because he had an asthma attack, so in certain situations it could be taken out of context."

Doctors say the system will only deal in facts and they will objectively assess each case.

Work will begin on it in early 2013 and it will start to be introduced to NHS hospitals in 2015.

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