U.K. Business and Energy Minister Michael Fallon said he’s optimistic the U.S. will agree a free- trade deal with the European Union, adding that Barack Obama appears more positive about the idea than predecessors.
An icy rain is pelting about 30 protesters who’ve converged at the gate of a natural gas drilling site near Manchester, England. On the other side of a fence topped with razor wire, a 10-story-high rig is boring into shale to determine if it’s suitable for hydraulic fracturing, or fracking. The demonstrators unfurl a banner: “Fracking will poison our children.”
The Bank of England should start raising interest rates “gradually” now to combat inflation and prevent borrowing costs from rising too quickly in the future, Conservative lawmaker Michael Fallon said.
The U.K. Conservative Party will end all subsidies to onshore wind power if they win the next election, a move that the industry said would end deployment of the country’s cheapest form of renewable energy.