Financial shocks to UK could be triggered by climate change?

BoE Governor Carney has urged the UK's biggest insurance companies and investors to help counteract the financial shocks that could be triggered by climate change, saying "once climate change becomes a defining issue for financial stability, it may already be too late". 

Labour's central purposes will be challenging inequality and fighting the government's spending cuts, Jeremy Corbyn said in his first speech to the party conference since becoming leader. The party also vowed to review the BoE as well as the HM Treasury regarding role and purpose.  

The UK slipped one place to tenth in the World Economic Forum's annual competitiveness league table for 2014, falling behind Sweden, as other countries improved at a faster rate. 

Britain ranked highly in the quality of its institutions, solid scientific research and business sophistication, but was let down by the size of the deficit and poor maths and science education. Germany, Japan and the United States were among the leading economies that beat Britain. 

A Cambridge academic has called on the Government to use government data on graduate earnings to identify skills gaps and direct the education system to meet business needs, in response to the CBI's earlier warning of a continued skills-shortage, notes Barclays.