Givena free hand in the design, his team developed a continuously variable transmission system that allows the petrol engine and electric motor to work separately or in tandem.
Bottom line, the budgetary rules treating growth as agiven instead of the all important variable for achieving budget balance have both sides of the aisle ignoring the most important question: What policy changes would achieve a sustained period of 4% growth?
Nationwide's chief economist Martin Gahbauer said lower interest rates had given existing homeowners with tracker or standard variable mortgages a welcome breathing space.