LONDON (Reuters) - Britain's economic recovery may be at risk if sterling strengthens much further, the Bank of England said on Thursday, in its first significant hint of concern about the British currency's recent rise.
The figure contradicts previous claims by Chancellor George Osborne that the sale of Lloyds shares made a profit for taxpayers. 8:30am UK, Wednesday 18 December 2013.
Plastic banknotes that can survive a spin in the washing machine are to be brought into circulation by the Bank of England in 2016.
BP Plc (BP/) said the Gila prospect in the Gulf of Mexico produced a �significant� discovery, capping the most successful year for exploration since 2004 for Europe's second-biggest oil company.
Philip Hammond, the defence secretary, visits RAF Waddington in Lincolnshire. Photograph: David Sillitoe for the Guardian. There is a delay of up to 40 seconds between the moment an RAF pilot sitting in Lincolnshire presses the button to release a Reaper's ...