Reuters UK Domestic

By Huw Jones and David Milliken LONDON (Reuters) – The Bank of England said on Wednesday it was taking a deeper look at risks from the opaque private equity sector, and why valuations of Britain’s main banks are “subdued” compared with international peers. The BoE’s Financial Policy Committee said finance for riskier corporates could be …

Bank of England steps up scrutiny of private equity and bank valuations Read More »

By Sarah Young LONDON (Reuters) – British satisfaction with the state-owned National Health Service (NHS) dropped to a record low for 2023, showing the challenge for the government over a key concern for voters ahead of an election expected this year. The British Social Attitudes survey found that 24% of people were satisfied with the …

British satisfaction with healthcare drops to new low ahead of election Read More »

(Reuters) -Top fashion retailers ASOS, Boohoo and George at Asda have signed undertakings to clarify the way they display, describe and promote their environmental credentials, Britain’s competition watchdog said on Wednesday. The announcement follows a 2022 investigation by the Competition and Markets Authority (CMA) amid heightened scrutiny of companies exaggerating their green credentials in an …

UK fashion retailers ASOS, Boohoo to clarify green credentials claims, says regulator Read More »

By Martin Coulter LONDON (Reuters) – Britain’s government has been urged to provide more support for the software industry with measures including tax incentives and talent visas. More than 120 industry leaders have called for government intervention to improve conditions for European software companies. Europe has long struggled to scale up homegrown tech companies as …

Exclusive-Software industry calls for more UK Government support Read More »

By Amanda Cooper LONDON (Reuters) – The Bank of England could end up beating the Federal Reserve and the European Central Bank in the race to cut interest rates if market expectations prove correct, but the pound has more than just its yield appeal to ward off any serious bear attacks. At its March meeting, …

A good time of year to be a sterling bull Read More »

By William Schomberg LONDON (Reuters) – British businesses trimmed their plans for staffing and wage increases this month, according to a survey published on Wednesday that suggested April’s big increase in the minimum wage is weighing on employers. With the Bank of England watching for signs that inflation pressures are abating enough for it to …

UK businesses trim hiring and pay plans, Lloyds says Read More »

By Sarah Mills LONDON (Reuters) – With both his father King Charles and his wife Kate absent from public duties as they undergo treatment for cancer, Britain’s Prince William has come under the media and public spotlight like never before. As heir to the throne and as a son of the late Princess Diana, the …

Father and wife’s illnesses focus attention on future king, Prince William Read More »

LONDON (Reuters) -Britain’s financial watchdog set out guidelines on Tuesday to stop misleading adverts on social media, and warned “influencers” that promoting a financial product without regulatory approval could be a criminal office. The Financial Conduct Authority set out how adverts must be fair, clear and not misleading by including risk warnings as social media …

Britain’s financial watchdog warns social media influencers Read More »