Rarely has a multibillion-dollar scandal been quite so boring. For years, the UK has measured inflation using rival indicators, notably the Retail Prices Index (RPI) and the Consumer Prices Index. Each has its place. CPI is used by the Bank of England to guide monetary policy, for instance, while RPI is used as the reference rate for inflation-protected government bonds. ...

Olly Robbins has become the one thing a British civil servant must never be: the news. The government’s most senior Brexit negotiator, the ultimate safe pair of hands, was overheard by an ITV journalist in a Brussels bar this week openly contradicting Theresa May’s policy on at least three fronts. He may, though, have done everyone a favour by bringing ...

Size alone wasn’t enough to shield Amundi SA from the market turmoil that prompted investors to pull money from the asset management industry as a whole in the fourth quarter. But bulk is helping Europe’s biggest fund manager weather the storm better than its competitors. Net outflows of 6.5 billion euros ($7.4 billion) in the final three months of last ...