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In the papers today - Tuesday 8 May

The chief executive of National Grid has called for energy market regulation to be changed to encourage suppliers to sell less gas and electricity.
Steve Holliday said efforts to cut carbon emissions through energy efficiency would fail without regulatory incentives - Financial TimesIt has long been suspected by disappointed house-hunters, and now it's official: London has the most expensive residential property in the world. The cost of £1M homes in the capital's swankiest areas outstrips even that of glitzy Monaco and New York. According to Knight Frank and Citi Private Bank, the average cost of prime central London property is £2,300 per square foot. That compares to £2,190 in Monaco and £1,600 in the Big Apple - The IndependentThe chances that the Bank of England will leave interest rates unchanged in the coming months are receding fast amid a flood of data underlining the strength of the economy. Mortgage lending is strong, house prices could be set for another boom and high street sales showed a surprise rise, according to figures out yesterday - TelegraphFewer storms and natural disasters have made 2006 the least expensive year for insurers for almost a decade. Natural and man-made catastrophes have triggered total economic losses of £20bn and cost property insurers £7.5bn this year, according to estimates from insurer Swiss Re's Sigma report - Telegraph

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