UK economic growth best since 2007
Craig TaylorThe UK economy grew 0.7% in the final quarter of 2013 and by 1.9% for the year, the Office for National Statistics says, led by the services sector. BBC News – Business
Business
Hardware ‘root of Lloyds’ shutdown’
A hardware failure was the cause of the shutdown of some Halifax, Lloyds, Bank of Scotland and TSB cash machines and debit cards on Sunday. BBC News – Business
Labour would bring back 50p tax rate
Labour would restore the 50p tax rate for those earning over £150,000, if it returns to power, shadow chancellor Ed Balls says, BBC News – Business
JP Morgan’s Dimon gets $20m pay
Jamie Dimon, the chairman and chief executive of the banking giant JP Morgan, saw his pay increase to $ 20m (£12.1m) for 2013, according to the company. BBC News – Business
UK car production ‘at six-year high’
Car production in the UK is at its best level since 2007, according to the trade body the Society of Motor Manufacturers and Traders. BBC News – Business
IMF raises UK growth forecast
The International Monetary Fund raises its growth forecast for the global economy, and the UK economy in particular. BBC News – Business