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  • Anglesey fish farm grant risks not heeded, auditor general finds

    December 18, 2013 9:44 AM 11

    No measures were put in place to mitigate the risks of an Anglesey fish farm failing when the Welsh government granted the project £5.2m in grants, a report says. The auditor general found that although procedures were followed, they were not suited to a project on such a scale. Penmon fish farm went into administration in 2011, two years after it opened

  • Unemployment in Scotland falls again

    December 18, 2013 9:44 AM 15

    Unemployment in Scotland fell by 7,000 to 196,000 between August and October. The number of people in employment rose again to a new total of 2,546,000 - which means 83,000 more people are in work than the same period last year. Meanwhile in the UK as whole, the jobless total fell by 99,000 to 2.39 million - the lowest level for four and a half years

  • Plastic bank-notes could be here within three years: Bank of England set to make announcement on future of currency

    December 18, 2013 9:03 AM 8

    Plastic bank-notes could arrive in Britain within three years, ending 160 years of tradition. Today, the Bank of England is expected to make an announcement on the future of currency in this country. Since 1853, bank-notes have been made from cotton paper but the Bank has carried out three years of research on switching to polymer notes. These can be wiped

  • RAF pilot unleashes hell on Taliban - from the comfort of an armchair in Lincolnshire: Mail given first glimpse inside drone HQ

    December 18, 2013 12:04 AM 14

    Sitting before a bank of flickering computer screens and controls, the RAF pilot flies a drone in the skies above Afghanistan. But the airman is not operating the £10million Reaper unmanned aerial vehicle (UAV) from the warzone – or even the US. Instead, he is 8,000 miles away in a hi-tech control hub in a remote part of East Anglia – poised to order

  • Lloyds stake sale: Two cheers for the Treasury

    December 18, 2013 12:01 AM 10

    You might think - looking at the soar away Royal Mail share price or the escalation in costs of so many IT projects - that the government never gets value for money from privatisations or from investments. But its spending watchdog, the National Audit Office, thinks it did a good job with the recent £3.2bn sale of an initial stake in Lloyds Bank. But that's

  • UK inflation rate falls to four-year low in November

    December 17, 2013 11:42 PM 14

    The UK's inflation rate, as measured by the consumer prices index, fell to a four-year low of 2.1% in November, down from 2.2% the month before. The Office for National Statistics said the change was caused by slower increases in food and energy prices. The ONS said this was because the impact of recently announced rises in energy prices were yet to take effect

  • UK Government's Flagship Pension Reform Steams Ahead as Two Million Workers Enrol

    December 17, 2013 6:41 PM 7

    The UK government's flagship pension reform is steaming ahead and has now enrolled more than two million workers. The Pensions Regulator (TPR), the watchdog for workplace pensions in Britain, revealed the latest figures for the auto-enrolment scheme. The programme, which began in October 2012 and sees employees automatically being placed into a pension

  • UK inflation slows again in November to four-year low

    December 17, 2013 4:18 PM 16

    LONDON (Reuters) - British inflation edged down in November to its lowest level in four years, giving the Bank of England plenty of breathing space to keep interest rates at a record low even as the economy picks up speed. Consumer prices rose 2.1 percent on the year in November, the slowest increase since November 2009, as the impact of higher gas and electricity

  • Half of UK households now shopping at discount grocers - Kantar

    December 17, 2013 12:33 PM 11

    LONDON (Reuters) - More than half of Britain's households shopped in discount grocers Aldi or Lidl over the past 12 weeks as the country's "big four" supermarkets continued to lose market share, monthly data showed on Tuesday. Some 50.1 percent of British households stepped into one of the discounters in the 12 weeks to December 8, up from 46.1 percent

  • UK financial regulator bans three from financial services

    December 17, 2013 12:22 PM 15

    LONDON (Reuters) - Britain's financial regulator said on Tuesday it has banned three men from working in financial services and another from holding key positions in the industry over failings in relation to occupational pension schemes. The Financial Conduct Authority banned Michael Conway, director of pension firm CBW, Andrew Powell an independent