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.
MPs are demanding action after �13.2bn was written off the government balance sheet in 2011-12 due to fraud, financial error and legal claims.
A Bank of England rate-setter yesterday said that Threadneedle Street's flagship forward guidance policy was likely to have had little impact on the economy and appeared to clash with Governor Mark Carney over the timing of possible rate rises.
Sir Richard Branson is reining back his commitment to the railways in a move that could result in his trading empire becoming a small minority shareholder in Virgin Trains.