Feb 22 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
LSE and D Boerse set to offer more concessions to secure
Hammond warns 'no pot of money' for extra budget funds on.ft.com/2llcrsc
Bank of England not able to forecast next recession, it
Deutsche Boerse AG and the London Stock Exchange
Group Plc are planning further concessions from their
fixed-income clearing businesses to satisfy the European
antitrust watchdogs's concerns about their planned merger.
British finance minister Philip Hammond has told MPs that
"there is no pot of money under my desk," adding that any extra
spending must be paid for through higher taxes or savings
Gertjan Vlieghe, an external member of the BoE's Monetary
Policy Committee, warned on Tuesday that the bank will not be
able to forecast the next financial crisis or recession. "Our
models are just not that good," Vlieghe said.
(Compiled by Ismail Shakil in Bengaluru; Editing by Sandra