The UK economy is set to grow faster than earlier expected in the next two years as investments are projected to improve, UK Chancellor of the Exchequer George Osborne said Wednesday. The chancellor also abandoned the controversial move to make changes in tax credits, citing better public finances.
Flying is the passion for British aviatrix Tracey Curtis Taylor, and she is now on a solo flight to cross three continents and 23 countries in her own vintage open cockpit biplane. She has already crossed half of her journey from U.K. to Australia with a target to cover 13 thousand miles.
Global average temperatures in 2015 are likely to be the warmest on record, and may reach the symbolic and significant milestone of 1° Celsius above the pre-industrial era. This is due to a combination of a strong El Niño and human-induced global warming, according to the World Meteorological Organization (WMO). The years 2011-2015 have been the warmest five-year period on record, with many extr
U.K. interest rates are likely to remain low for some time, Bank of England Governor Mark Carney said at the Treasury Committee hearing on Tuesday.
"One of the concerns in a low prolonged interest rate environment, which we clearly are in, and are likely to remain for some time, even with limited and gradual rate increases - it still will be a relatively low interest rate environment," Carney sai