Morrisons cuts core product prices
Craig TaylorStruggling supermarket Morrisons announces it will cut prices by as much as 17% on some products, in a bid to win back customers. BBC News – Business
Business
UK economy grows by 0.8% in quarter
UK economy grows 0.8% in first quarter of 2014, the fifth consecutive quarter of growth, according to the ONS. BBC News – Business
CBI: Outlook ‘exceptionally strong’
The economic outlook for the next three months is “exceptionally strong”, according to the employers’ organisation the CBI. BBC News – Business
Car insurance costs ‘fall sharply’
Car insurance premiums have decreased sharply with the average price falling by more than £100 for the first three months of the year, figures suggest. BBC News – Business
RBS plan for 200% bonuses blocked
Royal Bank of Scotland abandons attempts to pay bonuses twice the size of salaries after being told the move would not be approved by a Treasury body. BBC News – Business
UK government hits borrowing target
The UK government borrowed £107.7bn in the financial year to April 2014, lower than the amount it borrowed the previous year. BBC News – Business