Portrait of the week | 13 March 2014
Home Ed Miliband, the leader of the Labour party, promised that, if elected, his administration would hold a referendum on membership of the European Union only if there was a new transfer of power to Brussels, which he called ‘unlikely’. If Scotland votes for independence, the Royal Bank of Scotland and Lloyds might have to move their legal homes to London under European Union law, the BBC reported. BBC Three is to be closed as an on-air channel, to go online only. The future of BBC Four is also in question. Mark Carney, the governor of the Bank of England, told the Treasury Select Committee that interest rates could reach
