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UK consumer back in spotlight as wages, inflation diverge

  Bloomberg UK consumers, touted by Mark Carney as a key to the economy’s performance, may find the squeeze on their pockets gets a little tighter this week. While inflation’s upward momentum probably paused in March, another weakening in wage growth means pay isn’t keeping pace with price increases. That’s all going to feed into household spending habits in 2017. ...

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Irish PM urges ‘creative’ solution to post-Brexit UK border

  Bloomberg Ireland’s prime minister says the European Union and Britain must be “creative and imaginative” to avoid creating a “hard” border between his country and the UK after Brexit. Prime Minister Enda Kenny met German Chancellor Angela Merkel to discuss what implications Britain’s departure from the EU will have for Ireland. Kenny told reporters in Berlin any solution must ...

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Morgan Stanley hikes chief’s pay 27% to $19.5mn

  Bloomberg Morgan Stanley President Colm Kelleher, who runs the firm’s investment bank and retail brokerage, received $19.5 million for his work last year, a 27 percent increase. Kelleher, 59, was paid $1.67 million in salary, $6.88 million in deferred cash and $2.4 million in deferred stock, the New York-based bank said in a regulatory filing. He also got a ...

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