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Howard quits as Tory leader

Michael Howard has announced his decision to quit as Conservative leader after failing to stop Labour winning an historic third term.
However Howard says he will stay on until the party commits to a new way of electing its leader after criticism of this process in the past.

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The Bank of England’s Monetary Policy Committee has decided to leave rates on hold for another month.The current interest rate is 4.75 per cent.The Derbyshire head of intermediary support Tony Capon: “The logic behind leaving rates on hold is that the MPC is seeing continued evidence of a slowdown in both industrial and retail economic […]

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