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Wednesday newspaper round-up: TalkTalk, Carney, Housing

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Written By:
Posted:
05/02/2014
Updated:
05/12/2014

TalkTalk to overtake BT for TV customers after Sky Sports deal; Carney’s interest rate policy should be ‘quietly dropped’; Britain faces 10 years of housing crisis.

TalkTalk is set to overtake BT for TV customers after doing a deal to show Sky Sports on a pay-per-day basis. The telecoms group has seen its TV base balloon on the back of the YouView box, which offers pay-per-view films and the ability to catch up on programmes. Some 175,000 signed up to take TV from TalkTalk in the last three months, taking its total customer base to 732,000. – Daily Mail

Mark Carney’s forward guidance policy is at best “regrettable” and Threadneedle Street needs to move on, a former deputy governor of the Bank of England has warned. In a scathing attack on the Governor’s policy to keep interest rates at the record low of 0.5% until unemployment falls to at least 7%, Rupert Pennant-Rea said that it was the wrong measure to choose as an interest-rate trigger and should be “quietly dropped”. – The Times

Regulators are investigating allegations that several London-based benchmarks used to price financial products could have been rigged, according to Martin Wheatley, the Chief Executive of Financial Conduct Authority. Giving evidence to the Treasury Select Committee, Mr Wheatley revealed the City watchdog was looking at claims other major benchmark rates could have been rigged. – The Daily Telegraph

George Osborne has warned that Britain’s housing shortage is likely to persist for at least 10 more years. The chancellor insisted the coalition’s controversial planning shakeup was having a positive effect, and played down fears of a property bubble. But he admitted more needed to be done to overcome the “historic” imbalance between supply and demand. Osborne’s comments came as he gave evidence to the Lords economic affairs committee. He gave an optimistic assessment of the UK’s prospects, saying the fledgling recovery was “sustainable”. – The Guardian

Argos and Homebase have demanded a 2% rebate from suppliers in the latest example of Britain’s leading retailers squeezing their supply chain. The two retailers, which are owned by Home Retail Group, have sent almost identical letters to suppliers demanding a 2% turnover rebate for orders placed on and from March 1st. – The Daily Telegraph

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Skyscanner is on track to become the world’s biggest travel search engine after doubling its revenue and profits and announcing it is hiring a further 100 people. The Edinburgh-based company expects to top the league of search sites within 18 months after a year of rapid growth and acquisitions. – Scotsman