(Reuters) -Britain’s water regulator stepped in on Wednesday with a plan to force struggling Thames Water to improve its performance by appointing an independent monitor, after the company breached its licence. Heavily indebted Thames Water, the country’s biggest supplier, is at the centre of a crisis over sewage flowing into rivers and seas, forcing the …
UK regulator steps in after Thames Water breaches licence Read More »
By Sachin Ravikumar and Kate Holton LIVERPOOL, England (Reuters) -British Prime Minister Keir Starmer said sufficient police would be on the streets to handle anti-Muslim and anti-immigrant riots in the coming days as he sought to reassure communities braced for more violent protests on Wednesday. Riots across a number of towns and cities have erupted …
UK PM Starmer: We have police in place to deal with anti-Muslim riots Read More »
By David Milliken LONDON (Reuters) – Britain needs to spend an extra 50 billion pounds ($64 billion) a year on public investment to boost productivity and long-run growth, largely funded by public borrowing, the National Institute of Economic and Social Research said on Wednesday. NIESR forecasts Britain’s economy will only grow by 1.1% this year …
UK should double public investment to boost growth, think tank says Read More »
By Purvi Agarwal and Roshan Abraham (Reuters) -British equities closed higher on Tuesday, buoyed by construction stocks, a day after a brutal sell-off across markets triggered by fears of a U.S. recession. The blue-chip FTSE 100 index ended up 0.2%, after its biggest fall in over a year on Monday. The mid-cap FTSE 250 index …
FTSE 100 ends higher, helped by construction stocks Read More »
LONDON (Reuters) – The Bank of England on Tuesday updated its estimates for the overall losses likely to be made by its quantitative easing bond purchase programme. BY THE NUMBERS The estimates assume the BoE will unwind its government bond portfolio at the current pace of 100 billion pounds ($127 billion) per year. Based on …
Bank of England updates its lifetime loss estimate for QE programme Read More »
(Reuters) – Britain’s water regulator plans to fine debt-laden Thames Water 104 million pounds ($133 million), close to the maximum penalty allowed, after an investigation into historic sewage spills. Thames Water, the country’s biggest supplier, is at the centre of a crisis over sewage flowing into rivers and seas which has fouled the environment, prompting …
Struggling Thames Water faces $133 million fine over sewage spills Read More »
By Huw Jones LONDON (Reuters) -Britain’s top eight banks including HSBC, Barclays, Lloyds and NatWest could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said on Tuesday following its second ‘resolvability’ check of the lenders. Being able to “resolve” or close down an ailing bank without …
Top UK lenders could be wound down in a crisis without bailouts, BoE checks show Read More »
LONDON (Reuters) – British shoppers kept a tight grip on their purse strings last month as rainy weather again dampened their appetite for spending, according to two surveys published on Tuesday. Barclays said spending on its credit and debit cards fell by 0.3% in annual terms in July, the second drop since February 2021 albeit …
By Kylie MacLellan and Catarina Demony LONDON (Reuters) -British Prime Minister Keir Starmer said violent protesters who had targeted Muslim communities would swiftly face the “full force of the law” as he sought to quell days of anti-immigration rioting. The fatal stabbing of three young girls in the northwest English town of Southport last week …
UK’s Starmer vows speedy punishment to quell violent disorder Read More »
By Michael Holden and Alistair Smout LONDON (Reuters) – The British government said on Monday officials were examining the role foreign states had played in amplifying disinformation online which had helped fuel violent protests, while warning social media firms they had to do more to stop it. Trouble flared last week following the murder of …
UK examines foreign states’ role in sowing discord leading to riots Read More »
