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.
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.
Airbus-owner EADS is axing 5,800 jobs in its defence and space arms, including about 450 in Britain, and closing its Paris headquarters as it refocuses the group on its soaring commercial aircraft business.
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.
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.