monetary policy committee

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MDU warns Chancellor clinical negligence system ‘not fit for purpose’

Ahead of Wednesday’s Budget, the Medical Defence Union (MDU) has issued an open letter to the Chancellor of the Exchequer urging her to take decisive action to tackle the soaring legal costs of clinical negligence claims. In the last year alone, the NHS spent more than £800 million on legal fees relating to clinical negligence… Read more »

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Northern Ireland RE curriculum is ‘indoctrination’ – Supreme Court

The Supreme Court has ruled in favour of a non-religious father and his child that the exclusively Christian teaching of Religious Education (RE) and collective worship in Northern Ireland are ‘indoctrination’. Alongside mandatory Christian collective worship and a ‘stigmatising’ right of withdrawal, this is therefore discriminatory under human rights law. This ruling will have wide-ranging… Read more »

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Sir John Gieve admits Bank failed to act
Govt ‘may pay price’ for bank bailout

The government could end up making a loss on its investment in the UK banking sector, the deputy governor of the Bank of England has warned. Sir John Gieve also admitted that the Bank knew of unsustainable lending but failed to act. Speaking to BBC’s Panorama, Sir John said: “This is a major storm we… Read more »

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Bank of England cuts rates to five per cent
Interest rates cut to five per cent

Interest rates have been cut to five per cent, as the Bank of England reacts to slow growth in the UK economy and house price falls. Lenders are now under pressure to pass on the 0.25 per cent cut to lenders, with analysts and borrowers expecting the reduction. High London interbank offered rates (Libor) has… Read more »