The state-run East Coast mainline has emerged as the most efficiently run rail franchise in terms of its reliance on taxpayer funding, raising questions about a recent government decision to privatise the operation.
Economy
UK inflation remains unchanged at 2.8%
UK inflation remained unchanged at 2.8% for the second month in a row, according to official data released on Tuesday. The Office for National Statistics data showed fast rising prices for audio-visual equipment, books, newspapers and stationery in the 12 months to March kept consumer price inflation inflation high.
India's industrial output rises 0.6% in Feb
India's industrial output increased at a snail's pace of only 0.6 percent in February against an expansion of 4.30 percent in the corresponding month of 2011-12, government data showed Tuesday.
UK manufacturing faces triple-dip fear
Britain’s industrial sector made up some lost ground in February, reducing the chances the country would slide into its third technical recession in five years, reports the Financial Times. Industrial production rose more than expected between January and February, prompting the National Institute of Economic and Social Research to forecast the economy would show a growth rate of 0.1 per cent for the first quarter of the year.
Jobs growth slows in UK since October 2012
The UK jobs market appears to be slowing, with vacancies growing last month at the lowest rate since October, according to a survey of 400 job agencies by the Recruitment and Employment Confederation and consultants KPMG, reports The Financial Times.
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