Reuters UK Domestic

By Muvija M LONDON (Reuters) -Long-term net migration to Britain fell by more than two-thirds in the year to June, official data showed on Thursday, extending a downward trend fuelled by tougher government policies to curb arrivals. Immigration – both legal and illegal – has dominated political debate in Britain for over a decade, with …

UK net migration drops by two-thirds as government rolls out tougher policies Read More »

By Shadia Nasralla, Muvija M and Stephanie Kelly LONDON (Reuters) -Britain will allow some new oil and gas production on or near existing fields, the government said on Wednesday, easing its stance on new licences while dashing oil and gas producers’ hopes for an early end to windfall taxes on their sector. From an output …

Britain eases opposition to new oil, gas permits, holds firm on taxes Read More »

LONDON (Reuters) -British finance minister Rachel Reeves delivered her budget statement to parliament on Wednesday, taking more tax from workers, people saving for a pension and investors to give herself more room to meet her borrowing targets. Reeves’ speech came after the Office for Budget Responsibility unexpectedly published its outlook on its website ahead of …

Key measures in the budget proposed by UK finance minister Reeves Read More »

LONDON (Reuters) -A former employee of investment bank Jefferies International appeared in a London court on Wednesday charged with insider dealing relating to a potential takeover, Britain’s financial regulator said. The Financial Conduct Authority said Bobosher Sharipov, who worked at Jefferies and advised GCP Student Living, is accused of leaking confidential information about the deal …

Britain’s FCA charges ex-Jefferies employee, friend with insider dealing Read More »

(Corrects name of speaker in paragraphs 9-10 of Tuesday story) By Ozan Ergenay London (Reuters) -Sterling headed for a fourth daily rise on Tuesday, while traders piled into the options market seeking protection against heightened volatility in light of Britain’s upcoming budget announcement.  The pound, which is heading for a 4.8% gain this year, last …

Sterling edges up; pre-budget jitters stoke volatility Read More »

LONDON (Reuters) -Britain’s finance minister Rachel Reeves said on Wednesday a two-child limit on welfare payments would be scrapped in April to help reduce child poverty rates, a move estimated to cost 3.1 billion pounds ($4 billion) by 2029-30. Many lawmakers in Reeves’ Labour Party have long campaigned for the removal of the cap, arguing …

UK’s Reeves scraps two-child welfare cap to cut poverty Read More »