News

The Bank of England’s flagship policy of forward guidance on interest rates will “evolve” next month, Mark Carney said yesterday, as he sought again to dampen expectations of an imminent rate rise.

EU acts on veal

Plans to phase out the use of veal crates throughout Europe are being prepared by the European Commission, writes Geoffrey Lean from Davos.

Soros and Clarke slug it out

Kenneth Clarke, the Chancellor of the Exchequer, was yesterday involved in a brisk and confrontational exchange of views with George Soros, the international speculator most associated with trashing the pound during the exchange rate mechanism cr isis in1992.

Rates may overshadow G7 talks

A MEETING of the Group of Seven called to discuss the deteriorating Russian economy threatens to be overshadowed by US Treasury irritation at the Bundesbank's recent refusal to cut interest rates again, writes Peter Torday.

Middle East talks

(First Edition)

CBI attacks lack of industry policy

THE CONFEDERATION of British Industry yesterday launched an attack on the Government's lack of a coherent industrial policy and called on the Prime Minister to publish a White Paper setting out its attitude towards manufacturing.

Bank's authority will increase, Governor says

THE BANK of England would find it difficult to obtain statutory changes giving it full independence, except under stage three of European economic and monetary union, the Governor, Robin Leigh-Pemberton, said yesterday at the World Economic Forum. But he added that he saw the Bank generating a greater degree of authority in the months ahead under its present statutory position.
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Prices correct as of 15 May 2015
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