LONDON (Reuters) -Bank of England Deputy Governor Dave Ramsden said on Tuesday that inflation pressures remained persistent and he wanted more evidence about how long they were likely to remain strong before considering a change in the BoE’s high interest rates. “Although services inflation and wages growth have fallen by somewhat more in recent months …
BoE’s Ramsden says inflation pressures remain persistent Read More »
By Elizabeth Piper and Eva Mathews (Reuters) – British Finance Minister Jeremy Hunt has held talks with Shein’s Executive Chairman Donald Tang and the Chinese-founded fast-fashion chain is keen to list in London, a UK government source told Reuters. The initial public offering by Shein, which sells cheap fashion in more than 150 countries, could …
UK finance minister held talks with Shein chair about London IPO – source Read More »
By Huw Jones LONDON (Reuters) -Britain’s insurers must step up to the plate and use billions of pounds in freed-up capital to invest in growth companies and infrastructure, financial services minister Bim Afolami said on Tuesday. Following Britain’s departure from the European Union and against Bank of England opposition, Britain has scaled back capital rules …
Investing in Britain is safest bet, minister tells insurers Read More »
LONDON (Reuters) – Britain has no plans for a large-scale deployment of troops to Ukraine, a spokesman for Prime Minister Rishi Sunak said on Tuesday, in response to French President Emmanuel Macron’s comments about European nations sending troops to Ukraine. “Beyond the small number of personnel we do have in country supporting the armed forces …
Britain has no plans for large-scale deployment in Ukraine – PM’s spokesman Read More »
LONDON (Reuters) – British police said on Tuesday they had charged three men with preparing an act of terrorism after an investigation into suspected “Extreme Right Wing” activity. The three men, one aged 33 and two aged 24, will appear in Westminster Magistrates Court later on Tuesday, the police said in a statement. The arrests …
UK police charge three with right-wing terrorism offences Read More »
LONDON (Reuters) – Speculators have trimmed their bullish positions in the pound for the first time in eight weeks, suggesting that they may be on the hunt for a new catalyst to give the currency a bit of fresh pep. Weekly figures from the U.S. Commodity Futures Trading Commission (CFTC) show a modest decline to …
LONDON (Reuters) – British finance minister Jeremy Hunt should not announce further pre-election tax cuts in his budget next week unless he can explain the painful spending cuts needed to pay for them, a leading economic think tank said on Tuesday. Hunt and Prime Minister Rishi Sunak have said they want to lower Britain’s tax …
UK should resist tax cuts without detailing spending pain, IFS says Read More »
By Ben Makori and Sachin Ravikumar LONDON (Reuters) – Buzzing underneath a set of railway arches in central London are hundreds of thousands of little flies, showcasing insect-farming technology that could help fight climate change. At its research centre, eight-year-old startup Entocycle is aiming to show how the process of turning protein-rich bugs into food …
London insect farm hatches plan for greener way to feed animals Read More »
By Huw Jones LONDON (Reuters) -Regulators need broader oversight of financial firms to prevent a crisis in the vast non-bank sector turning into a credit crunch and wreaking havoc on the economy, Britain’s central bank said on Monday. The Bank of England was forced to step in and buy UK government bonds in September 2022 …
Bank of England builds ‘proactive case’ to regulate non-banks Read More »
LONDON (Reuters) – British financier Jacob Rothschild, a senior member of one of Europe’s best-known banking dynasties, has died at the age of 87, his family announced on Monday. The family, in a statement to the UK’s Press Association news agency, called Rothschild “a towering presence in many peoples’ lives”. He was “a superbly accomplished …
