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What the Papers SayBack

The Financial Times

Carney hints at move on interest rates around the turn of the year

Mark Carney

BoE governor stresses gradual increases

Inflation and labour costs influence decision

Interest rates could rise as early as the turn of the year, Bank of England governor Mark Carney has hinted, adding that any increase in borrowing costs will be gradual and will stop at a level lower than in the past.

Cameron details transfer of powers to Cornwall

Cornwall is to become the first English county to benefit from devolution, with David Cameron yesterday announcing plans to transfer control over transport, adult skills and investment during a visit to the region.

Supermarkets told to end ‘misleading’ promotions

Supermarkets must end “misleading” special offers and promotions because they confuse customers, the UK’s competition watchdog said yesterday

But the Competition and Markets Authority stopped short of any formal investigation or action regarding the pricing practices of Britain’s big supermarkets, which are fighting a price war against the German no-frill discounters, Aldi and Lidl.

Manchester draws investment as companies find London’s costs outweigh its advantages

At least seven big companies are considering opening in Greater Manchester rather than expand in London, as the high costs of doing business in the capital begin to bite.

Companies and Markets

Sterling climbs to 7-year high against the euro

Sterling powered to a seven-year high against the euro, providing a fillip not just to Eurozone-bound British holiday makers but also to advocates of a prompt rise in UK interest rates

The Times

Fracking U-turn for wildlife site drilling

The government has gone back on a pledge to exclude fracking from the country’s most important natural sites.

School’s out, so beware travel chaos

Motorists are being told to prepare for travel chaos today with an extra 2.6 million cars on the road as families make an early start to the summer holidays.

Diesel prices higher than rest of Europe

British motorists are being “exploited” by fuel companies charging more for diesel than in any other European country, a survey discloses.

Posted by Lois Hardy on 17/07/2015