“As the economic recovery gathers pace next year, it will be important that central banks remain squarely focused on their core medium-term price stability mandates,” he said in a speech.
According to research from Ofcom, scrapping the service would have no significant impact on customers, but the move itself would not be enough to make Royal Mail sustainable in the long-term, it said.
The engineering hub is set to be built by the IT and business consultancy CGI in the European Centre for Space Applications and Telecommunications at the Harwell Campus in Oxfordshire.
More than 200 British retail investors were affected by the scam as fraudsters cloned genuine investment management companies’ products, websites and documentation.
Since launching in Britain in 2012, Netflix has been moving the revenues it makes from its UK subscribers each year to accounts at its European headquarters in the Netherlands.
The troubled company said it was in a “particularly challenged sub-sector of the market” as men’s apparel, and formalwear in particular, has been one of the hardest hit areas of the retail sector.
The average number of buyers registered per estate agent branch was the highest number on record for the month of October, according to data.
State pension expected to go up by around £7 a week in the year after next, according to the Office for Budget Responsibility.
The move comes as the insurer aims to refocus its portfolio and shore up its finances. The company said that the transaction would increase its net asset value by £0.1bn.
The billionaire tycoon’s chemicals group Ineos has signed a memorandum of understanding with the Korean carmaker to explore new opportunities in the hydrogen economy.
The telecoms giant pledged to halve carbon emissions from sources including joint ventures, all supply chain purchases, the use of products it has sold and business travel.
The cinema chain, which also owns Picturehouse and Regal, said the move will provide the group with “financial and operational flexibility until lockdown restrictions are eased
Institute for Public Policy Research says without an ambitious stimulus boost, the economy will still lag 7 percentage points behind pre-COVID levels next year.
The proportion of homes flipped in England and Wales has soared back to levels not seen since 2008, Hamptons International revealed.
Over the weekend Sanjeev Gupta’s company announced that Swedish firm SSAB was negotiating with Tata over buying its assets in the Netherlands.
Andy Byford, transport commissioner in the capital, wrote this week to Bernadette Kelly, the permanent secretary at the Department for Transport, looking to secure £80m of immediate support.
According to insights from global platform Piplsay, the pandemic has been the most challenging for mothers worldwide.
Rishi Sunak will unveil in the House of Commons new investment to help “level-up” the UK economy and create jobs to drive the recovery from the COVID-19 pandemic.
Heathrow Airport has launched a new voluntary redundancy scheme, furloughing its entire head office staff with the exception of its chief executive in a bid to slash costs.