Speculation of $60 anchor for oil

Another jump in US crude stockpiles pushed the price of oil down to $61 a barrel on Thursday, going against indications that there was to be an imminent rise in global demand.

The United States government's latest supply report shows that domestic inventories of oil rose last week to 434.1 million barrels, setting a record high for the seventh consecutive week.

British Gas reports slump in profits

Owner of British Gas, Centrica has reported a 35 percent slump in profits, prompting speculation that energy prices will remain low, with the possibility of further cuts coming this year.

The company reported that profits had fallen to £1.7 billion in 2014 due to the drop in gas and oil prices worldwide. Customers used a fifth less energy last year, the warmest on record, causing further problems for British Gas.

Government plans to improve UK infrastructure by opening up vast public network

The British government is opening up over 13,000 miles of publicly-owned digital networks in a bid to help improve access to high-speed broadband in areas of the country that are not well served by existing providers.

The government, realising the necessity of high speed internet in the modern age has pledged to spend at least £1.5 billion of taxpayers' money on public sector networks and infrastructure each year.

Mortgage rate war wages

A new war is under way in Britain as banks slash their mortgage rates. The last month alone has seen a drastic fall in prices of £1,700.