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The Department of Energy and Climate Change’s previous forecasts suggested the market price for electricity would rise from about 56 per megawatt-hour in 2015-16 to 64 in 2020-21. Yesterday’s forecast cuts that to 51 in 2015-16, rising to less than 54 in 2020-21.

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Actually, the loss of revenue to the Treasury will be somewhat greater than with the higher rate threshold. If you assume that almost half of the 2,500 increase will be accounted for by inflation, and the remaining 1.260 constitutes a real rise, then HMRC estimates that the revenue loss if it was brought in next year would be around 7.8 billion. Mr Cameron isn’t proposing to implement it so soon, but it certainly shows the scale of the tax cut he’s offering.

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The tide turned abruptly this week with the close of thethird quarter and major stock markets have lurched down at thestart of October, a month associated with previous marketshakeouts including the 1929 and 1987 crashes.

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Both the Bank of Japan and the European Central Bank arepursuing ultra-loose monetary policy to stave off deflation andencourage growth, while the Fed's asset purchase programme isset to end this month.

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Kevan Collins, chief executive of the EEF, which was established in 2011 with a 125m grant from the Department for Education, said: “The use of incentives in schools is not a new idea and can appear attractive to schools and parents who are trying to motivate their children.

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Nagano, 61, took over in June last year from Shuzo Sumi, who in his six-year tenure acquired several overseas firms including U.S. insurer Philadelphia Consolidated for $4.7 billion and Lloyd's of London insurer Kiln for $671 million.

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Of course, memory slips can be as common with aging as sore knees. More than half of the people who participated in the study reported memory glitches, said study coauthor Richard Kryscio, of UK's Sanders-Brown Center on Aging. But while those memory concerns signaled an increased risk for some brain diseases, "those memory complaints did not guarantee a person would develop dementia," Kryscio stressed.

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“The base for any calculations in this matter arecompletely artificial, speculative and not based on facts,” UBSsaid in an e-mailed statement today. “This matter is currentlystill in the stage of a formal investigation and we willcontinue to defend ourselves strongly.”

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Salix has been in contact with Actavis Plc about apotential sale to the larger drugmaker, even as Salix continuesdiscussions with Allergan Inc about selling itself. (Reporting by Supriya Kurane in Bangalore; Editing by SunilNair)

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Abe appears to be hoping that the popular Obuchi's soft-spoken ways and status as the mother of two boys, aged seven and four, will soften the blow for the many Japanese voters, women especially, who oppose restarts.

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With their capacity to adapt in an ever-changing business environment, small and medium-sized enterprises are vital for the growth of the UK's economy. Here's what the landscape looks like

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MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.66 percent, but is still down more than 1 percent so far this week. It has fallen about 7.8 percent in the last four weeks, marking its worst performance in over a year.

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"Another reason might be that some senior officials of the regime have attempted to defect and they are closing the escape routes, such as the airport and the border," Prof. Shigemura added.

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A man dressed in white walks up and down the aisle slapping dal into the plate’s compartments and handing out chapatis. A younger man wheels a tank, pausing at each person to pump water into our silver bowls.