An independent Scotland would jeopardize pensions and raise costs for companies, Chief Secretary to the Treasury Danny Alexander will say today as he reiterates the U.K. won’t agree to a currency union.
Prime Minister David Cameron announced an increase in Britain’s minimum wage before it was formally agreed by his government, in a bid to stop his Liberal Democrat coalition partners taking the credit, according to a government official.
China’s central bank is forecast to double the yuan’s trading band in the coming quarter as policy makers loosen exchange-rate controls to promote greater usage of the currency in global trade and finance.
Capita Plc rose the most in nine months after the provider of services to companies such as Telefonica SA’s O2 division in the U.K. forecast “buoyant” sales as technology and property businesses respond to an economic recovery.
Trade, investment and consumer spending led the U.K. economy to a fourth straight quarter of growth at the end of the year, suggesting the rebalancing sought by Chancellor of the Exchequer George Osborne is under way.
Russia sees a high probability that neighboring Ukraine will default. Standard & Poor’s says that outcome is likely. Even Ukraine’s acting president calls the country’s plight a “pre-default situation.”
U.K. Chancellor of the Exchequer George Osborne said he has a strong field of male and female candidates to choose from among applicants to replace Charlie Bean as the Bank of England’s deputy governor.