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Scottish economy slumps while rest of UK economy grows

Scotland’s Chief Statistician has recorded a 0.2% decline in the country’s economy in the last quarter of 2016. In contrast, the rest of the UK economy grew by 0.7% during the same period. The Scottish economy has witnessed a drop

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A senior official reveals Bank of England’s EU exit project in an email

A senior official of the Bank of England inadvertently sent details of a confidential project on the United Kingdom (UK) leaving the European Union (EU) in an email to the Guardian. The email says a group of senior officials are

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Bargaining over EU 7yr budget draft

Brussels- Leaders from around Europe arrive in Brussels Thursday for what promises to be a turbulent summit on the budget for the 27-country European Union. And for once, Britain will be at the heart of the debate. In a battle

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EU agrees strict new bank rules

The European Union has agreed strict new rules for banks, intended to make them safer and eliminate the need for future bailouts. All EU banks will have to hold more “top-quality capital”, broadly meeting new international standards, the 27 nations

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David Cameron arrives in Japan for start of Asia tour

The prime minister has arrived in Tokyo, Japan, on the first stop of a visit to East and South East Asia aimed at encouraging trade deals with the UK. David Cameron is expected to agree a new defence deal with

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