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The Financial Times
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.
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 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.
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 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 government has gone back on a pledge to exclude fracking from the country’s most important natural sites.
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.
British motorists are being “exploited” by fuel companies charging more for diesel than in any other European country, a survey discloses.