Annual wage rises are not expected to return to their historic norm of around 2% for a couple of years, the head of the UK's official fiscal watchdog has told MPs.
NEW YORK (Reuters) - Britain's economic recovery is on its way to achieving self-sustaining momentum but monetary policy will need to remain exceptionally loose for some time to come, Bank of England Governor Mark Carney said on Monday.
Lloyds Banking Group Plc (LLOY), Britain's largest mortgage lender, plans to sell its stake in St. James's Place Plc (STJ) for about 701 million pounds ($1.2 billion) as it focuses on its main retail and commercial businesses.
Scottish consumers will pay more for food if they vote for independence in next year's referendum because Britain's big supermarket chains plan to raise their prices north of the border, senior executives have warned.
As plans go, the suggestion that HSBC Holdings list its U.K. arm is a bit of a head-scratcher. The bank could float a stake of up to 30% to create a separately listed entity worth around �20 billion ($32.7 billion), estimates Espirito Santo.