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The Bank of England is watching Britain's fast-rising housing market closely and has the tools to take the heat out of it if it gets out of control, the central bank's Deputy Governor Andrew Bailey said in a newspaper interview published on Sunday. The central bank was pleased Britain's economy was showing signs of sustained growth, but policymakers had to make sure the recovery did not rely too much on property and related consumption, he told the Sunday Telegraph. "We are very focused on the housing market," Bailey said. It is very much dominated by the housing market and the consumption that is attached to that," he said.
Former oil tycoon Mikhail Khodorkovsky, pardoned by Russian President Vladimir Putin after 10 years in jail, said in remarks published on Sunday that he would not go into politics or seek to regain assets of his former oil company, Yukos. "I do not intend to get involved in politics and do not intend to fight for the return of assets," Khodorkovsky told the Russian magazine The New Times in an interview. Once Russia's richest man, Khodorkovsky had been in jail since his arrest in 2003 on fraud and tax evasion charges. Its main production asset ended up in the hands of state oil company Rosneft, which is now Russia's biggest producer and is headed by a close Putin ally, Igor Sechin.