THE DAILY BRIEFING: Bank of England gives savers 'a slap in the face' with £3k retirement bash for Martin Weale
The Bank of England has been accused of giving savers a ‘slap in the face’ with a £3,000 retirement bash for a former rate-setter. The celebrations for the retirement of Martin Weale, who sat on the Monetary Policy Committee, were held on July 26– just days before the Bank cut interest rates to a record low of 0.25 per cent, according to figures released by a Freedom of Information request.
The Ministry of Defence has released £1.3billion for the first stage of construction for a new fleet of nuclear submarines.
The cash has been handed to defence giant BAE Systems... read more