UK interest rates rise not a foregone conclusion, says Bank

Biggest decisions in next few years will be in response to Brexit negotiations, says CarneyExpectations that UK interest rates will rise in May could be overblown, the governor of the Bank of England has indicated.Mark Carney said that while more rate increases would be coming over the next few years, some of the recent economic data had been softer and inflation had fallen faster than the Bank’s policymakers were predicting in February. Continue reading... read more






Cable calls for ‘tech titans’ Google, Facebook and Amazon to be broken up

Liberal Democrat leader claims recent scandals have shown web companies have gone from ‘heroes to villains very quickly’Vince Cable has compared Google, Amazon and Facebook to the US oil monopolies that exploited their market power more than a century ago – and called for them to be broken up.In a speech in London, the Liberal Democrat leader said a series of recent scandals, including revelations about Facebook and Cambridge Analytica, meant the “tech titans” had “progressed from heroes to villains very quickly”. Continue reading... read more

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