Bank and business at odds over rates
Craig TaylorBank of England minutes show officials are still wary over raising interest rates while the Institute of Directors believes the Bank is being too cautious. BBC News – Business
Business
PPI ‘dominates complaints data’
Up to 5,000 new complaints a week about payment protection insurance (PPI) are making their way to the financial ombudsman, but the numbers are falling. BBC News – Business
Foreign firms ‘create 66,000 jobs’
More than 66,000 jobs have been created in the UK by foreign businesses over the past year, government figures show. BBC News – Business
Banks to face full competition probe
Markets watchdog the Competition and Markets Authority (CMA) has recommended a full competition inquiry into banks. BBC News – Business
Banks set to face competition probe
Markets watchdog the Competition and Markets Authority (CMA) is set to recommend a full competition inquiry into banks, the BBC learns. BBC News – Business
Murdoch’s Time Warner offer rebuffed
US media giant Time Warner has rejected an initial takeover approach from rival 21st Century Fox estimated at $ 80bn (£46.6bn). BBC News – Business