News Headlines - 12 February 2014
A rare red weather warning has been issued by both the Met Office and Met Eireann as a severe storm brings heavy rain, blizzards and "exceptionally strong winds" of up to 110mph sweeping across the UK and Ireland.
▽Flood-hit areas are a 'battlefield' as thousands of soldiers are deployed - Telegraph
Britain is in the grip of an “unparalleled natural crisis”, the Army officer in charge of the flood recovery effort declared on Wednesday.
As hurricane-force winds gusting at more than 100mph lashed the country, forecasters warned that the weather will get worse this weekend as a month’s worth of rain falls in just 48 hours.
The chaos now threatens to derail Britain’s economic recovery, Mark Carney, the Governor of the Bank of England warned.
▽Three main political parties unite to deny a separate Scotland the pound - Telegraph
The Conservatives, Labour and the Liberal Democrats will unite to rule out an independent Scotland using the pound.
The three main parties will make a joint attack on the hopes of Scottish Nationalists to be allowed to go on using sterling if Scotland votes for independence at a referendum in September.
The united front against a currency union is intended to undermine the SNP’s economic case for an independent Scotland.
▽Italy’s PM battles to save premiership - FT.com
Italy’s prime minister was struggling for survival at the head of his 10-month-old coalition government on Wednesday in a power struggle reminiscent of the medieval rivalry between the Tuscan cities of Pisa and Florence.
▽Two arrested in connection with SFO's probe into Rolls-Royce | This is Money
Two men were arrested in London yesterday in connection with the Serious Fraud Office’s investigation into bribery and corruption by Rolls-Royce in China and Indonesia.
The move came on the eve of the Derby-based engineering giant’s full-year results. It is understood the individuals, who were arrested after searches of their homes, were not employees of Rolls.
