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Lady Gaga In a refreshing admission this week the Bank of England confessed “our models are just not that good”.  The Bank’s economic models lack accuracy and sophistication that allows them to predict the future direction for the UK economy.  This is something we highlighted two years ago

For our roundup this week we report on a share price drop for HSBC following a significant profits fall, a new report highlighting the economy as the primary concern of the British public, a survey revealing an acceleration in business growth in the Eurozone and suggestions that some businesses may be allowed to reduce their pension generosity.

In our roundup this week we discuss the Co-operative Bank putting itself up for sale, new findings suggesting pensioner incomes are greater than those of working families, reports claiming young men of today are earning less than their predecessors and a record loss for jet engine maker Rolls-Royce.

Get to know more about Mark Hird in our latest '60 second with...'

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