New governor takes over at the Bank of England

A new governor has taken over the helm of the Bank of England as former governor Sir Mervyn King stepped down to retire. Mark Carney has joined the bank from the Bank of Canada and is now officially installed as governor. The £874,000 a year job makes him one of Britain’s best-paid public servants. Chancellor […]

Osborne Axes Winter Fuel Pay For Expat Pensioners

British government spending cuts offer cold comfort for thousands of expat state pensioners living in warmer climes as Chancellor George Osborne has axed their winter fuel payments. Around 100,000 British pensioners claiming the benefit live in warmer European countries – with most in the south of Spain. As state pensions living in the European Union, […]