NEW YORK (Reuters) - Britain's economic recovery is showing signs that it can reach 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.
PARIS (Reuters) - Airbus parent EADS plans to cut 5,800 European jobs in a three-year restructuring of its defence and space activities, the European aerospace group said on Monday.
Lloyds Banking Group Plc (LLOY), Britain's largest mortgage lender, is selling 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.
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.
First Minister Alex Salmond has been urged to make public any research the Scottish Government has carried out on the impact independence would have on the cost of people's weekly shopping bills.