Reuters UK Domestic

Bank of England’s Pill expects QE gilt holdings to be cut to ‘very low’ level

By David Milliken LONDON (Reuters) -Bank of England Chief Economist Huw Pill said he expected the central bank to reduce the British government bonds it holds for monetary policy purposes to “very low” levels, though it could still retain gilts for other reasons. The BoE bought 875 billion pounds ($1.15 trillion) of gilts between 2009 …

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Net immigration to Britain revised down as more Britons emigrate

LONDON (Reuters) -Net immigration to Britain peaked in 2023 at a higher level than previously thought, and a far greater number of Britons left the country in subsequent years, revised official data showed on Tuesday. Britain’s Office for National Statistics said most of the revisions were due to using labour ministry data that better captured …

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UK to set up energy resilience taskforce after Heathrow power outage

LONDON (Reuters) -Britain will set up a taskforce to boost the resilience of its energy grid after a substation fire cut power to Heathrow Airport and shut it down for almost day, the government said on Tuesday. The blaze broke out at the facility in March forcing Heathrow Airport, Europe’s busiest airport, to cancel and …

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Factbox-UK measures to counter China’s threat to lawmakers, business, universities

LONDON (Reuters) -Britain’s domestic intelligence service, MI5, warned lawmakers and parliamentary staff on Tuesday about Chinese agents who were targeting democratic institutions, including through networking sites. Security minister Dan Jarvis set out measures to deter “covert and calculated” attempts by foreign powers to interfere with Britain’s sovereign affairs and undermine its democratic institutions. Below are …

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Sterling little changed before UK inflation data, budget still in focus

By Stefano Rebaudo (Reuters) -Sterling was little changed versus the dollar and the euro on Tuesday as investors awaited British inflation data on Wednesday which could provide additional clues about the Bank of England policy path. While investors were becoming increasingly aware that it will take time to clarify the trajectory of the U.S. economy …

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Britain toughens asylum policy in major overhaul as anti-immigration sentiment rises

By Alistair Smout LONDON (Reuters) -Britain on Monday said it would make refugee status temporary and speed up the deportation of those who arrive illegally, in a major overhaul aimed at stemming the rise of the populist Reform UK party and tackling abuse of the current system. Interior minister Shabana Mahmood outlined changes to how …

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Bridget Jones get her own statue in London’s Leicester Square

LONDON (Reuters) -Bridget Jones has joined the likes of Mary Poppins, Harry Potter and other beloved film characters with her own statue in London’s Leicester Square. Oscar winner Renee Zellweger, who has played the titular character in all four “Bridget Jones” films, attended Monday’s unveiling of the statue which celebrates 25 years since the first …

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Factbox-Europe’s moves to tighten asylum and migration rules

(Reuters) -Britain proposed sweeping changes to its policy on asylum seekers on Monday, the latest European country to announce tighter rules on migration in recent years. Here are details on how some other countries are changing their rules: PUSH FOR REINTERPRETATION OF EUROPEAN CONVENTION ON HUMAN RIGHTS (ECHR) Nine countries – Italy, Denmark, Austria, Belgium, …

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