The offshore patrol vessels (OPVs), which will be used by the Royal Navy to undertake various tasks in support of UK interests both at home and abroad, will be built at BAE Systems’ shipyards in Glasgow.
The Scottish government will be given power to issue its own investment bonds, UK ministers have announced. The move will give the Holyrood administration an extra source of financing when it gets new borrowing powers, in 2015. Chief Secretary to the Treasury Danny Alexander called the move historic.
The United Kingdom Serious Fraud Office (SFO) has confirmed that it has formally launched an investigation into the rigging of inter-bank lending rates. The case could lead to criminal charges being brought against individuals.