Network Rail Ltd. awarded contracts to Balfour Beatty Plc and three joint ventures for work on a 2 billion-pound ($3.3 billion) electrification program aimed at cutting journey times and adding capacity on U.K. railways.
British Prime Minister David Cameron told his Conservative Party to get behind his political program before the 2015 election, rebuking about 100 members who wrote a letter demanding greater distance from the European Union.
U.K. Chancellor of the Exchequer George Osborne should borrow more for spending on capital projects to boost a “weak” economic recovery, according to the National Institute of Economic and Social Research.
The Bank of England will raise its key interest rate three times this year to prevent a surge in consumer prices from getting entrenched in the economy, the National Institute of Economic and Social Research said.
The British economy will shrink by 0.5 percent this year, forcing Chancellor of the Exchequer George Osborne to miss his budget-deficit target, said the National Institute of Economic and Social Research.