Wages to pass inflation ‘this month’
Craig TaylorWages are set to rise by more than inflation for the first time in almost six years as the UK economy enters a “long period of low inflation”, EY says. BBC News – Business
Business
US urges nations to assist Ukraine
The US urges other nations to contribute more to the economic rescue of Ukraine, as Russian President Vladimir Putin moves to assure the EU it will not cut gas supplies. BBC News – Business
Co-op Bank confirms £1.3bn losses
The Co-operative Bank has confirmed it has made a loss of £1.3bn for 2013 and said it will not pay out £5m to former executives. BBC News – Business
Ex-minister Lord Myners quits Co-op
Former City minister Lord Myners quits the board of the Co-operative Group following criticism of his plans to reform the troubled mutual. BBC News – Business
IMF: UK to lead G7 growth in 2014
The International Monetary Fund (IMF) says the UK economy will grow by 2.9% in 2014, while global growth will be 3.6%. BBC News – Business
Unions contest East Coast rail sale
Rail unions launch a legal battle over reprivatisation of the East Coast line, and challenge two other franchise extensions. BBC News – Business