Bloomberg ­Bank of England officials kept their key interest rate at a record low and said uncertainty stemming from Britain’s referendum on its European Union membership may hold back investment and economic growth. The nine-member Monetary Policy Committee, led by Governor Mark Carney, unanimously agreed to maintain the benchmark at 0.5 percent — where it’s been for seven years. The ...

Bloomberg U.K. Chancellor of the Exchequer George Osborne’s statement that his new budget “puts the next generation first” isn’t enough to protect subsequent generations from the consequences of climate change, critics said. Just three months after the U.K. joined 195 other countries in a climate deal in a bid to restrain rising global temperatures by curbing emissions, Osborne’s budget cut ...

Bloomberg Hungary expanded its arsenal of state subsidies for home purchases to help revive the construction sector, triggering criticism that the plan offers inadequate protection and arbitrary criteria for savers. Members of the new building societies, known as NOK, will be eligible for subsidies of up to 300,000 forint ($1,090) a year if they pledge contributions for 10 to 15 ...