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 Royal Bank of Scotland has agreed to pay $100m (�61m) to a trio of US regulators to settle civil allegations that the bank broke sanctions relating to Iran, Sudan, Cuba and Burma.
The credibility of the Treasury's Whole of Government Accounts continues to be 'undermined' by a number of errors and omissions that should be rectified, the Public Accounts Committee said today.
The British spend far more online than any other nation in the world at an average of �1,175 per head, amid a dramatic shift in shopping habits.
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.