LONDON (Reuters) - Britain's economy will expand at its fastest rate in seven years in 2014, thanks to strengthening household consumption, but high household debt will slow growth in 2015, the British Chambers of Commerce (BCC) said on Thursday.
The bank agrees to pay $100m in the US after an investigation into alleged illegal transactions with Iran, Sudan, Burma and Cuba. 11:40pm UK, Wednesday 11 December 2013.
An Ofcom study found that Britons pay �66 a month for the 'best offer' premium pay-TV subscription. Photograph: Eyebyte / Alamy/Alamy.
Peugeot Citroen sells 40% stake. French carmaker Peugeot Citroen's board has approved a plan for Chinese car firm Dongfeng and the French government each to take a 20 per cent stake in the business, according to reports.
Bank of England policymaker Martin Weale has broken ranks with governor Mark Carney by expressing doubts about the effectiveness of forward guidance policy on encouraging economic growth.