Post office system not a scandal, ex-union boss emphasizes

The Post Office’s Horizon system is “very robust” and the only scandal is that the company has failed to properly defend it, according to a man tasked with representing sub-postmasters. George Thomson, the former leader of the National Federation of Sub-Postmasters (NFSP), said in a long-running investigation: “The Horizon system is not the scandal, the … Read more

The ECB comes with a ‘hawk-like’ interest rate cut, Lagarde emphasizes the dependence on data

The ECB cut rates by 25 basis points, signaling a moderation in monetary policy restrictions. However, Frankfurt has also made an upward revision to its inflation projections, with headline inflation now expected to average 2.5% in 2024 and 2.2% in 2025. ADVERTISEMENT The European Central Bank (ECB) cut interest rates by 25 basis points at … Read more