Day: February 14, 2015

    Families should take advantage of the current period of falling petrol and food prices "while it lasts", the Governor of the Bank of England has said, as he urged employers to ignore temporary low inflation and raise pay.  British households are on course to enjoy the biggest increase in their take-home pay in more than a decade, the Bank's latest evaluation of the economy showed on Thursday, with real post-tax income expected to rise by 3.5pc this year. This is more than double its estimate of 1.25pc just three months ago and would represent the biggest increase since 2001. The Bank also signalled that it was on course to raise interest rates next year, as it raised its growth projections and lowered unemployment forecasts. In an interview with the Telegraph, Mark C...

    David Cameron, Nick Clegg and Ed Miliband have signed a joint pledge to tackle climate change, which they say will protect the UK’s national security and economic prosperity. The agreement of the three party leaders is highly unusual and comes amid a general election campaign that is becoming increasingly bitter. The prime minister, deputy prime minister and leader of the opposition have all clashed over green issues, but the joint declaration states: “Climate change is one of the most serious threats facing the world today. It is not just a threat to the environment, but also to our national and global security, to poverty eradication and economic prosperity.” “Acting on climate change is also an opportunity for the UK to grow a stronger economy, which is more effici...