Political News
UK needs to keep close ties with the EU post-Brexit - OECD
The Organisation for Economic Co-operation and Development (OECD), on Tuesday, said it was in the UK's best interest to preserve close ties with the EU, having weakened in the aftermath of Brexit, to boost productivity as well as maintaining future living standards.
Treasury Committee advisers to scrutinise FCA report on RBS
One month after refusing to publish the skilled persons' report into the treatment of the Royal Bank of Scotland's Global Restructuring Group customers, the Financial Conduct Authority (FCA) agreed to allow the Treasury Committee to scrutinise its contents.
Carney and new MPC colleagues throw doubt on interest rate hikes
Two new members of the Bank of England's Monetary Policy Committee cast some doubt on the likelihood of an increase in interest rates in November, though Governor Mark Carney said a hike "may be appropriate" and many economists remained confident of a hike.
May and Juncker pledge to 'accelerate' Brexit negotiations
Theresa May’s trip to Brussels on Monday for a working dinner with Jean-Claude Juncker did not appear to yield any specific results, but both the UK PM and EU Commission president vowed to “accelerate” Brexit negotiations.