LONDON (Reuters) – Britain’s finance ministry and the Bank of England should take the interests of taxpayers more into account in decisions around the sale of government bonds from the central bank’s massive balance sheet, lawmakers said on Wednesday. The BoE bought some 875 billion pounds ($1.10 trillion) of gilts over more than a decade …
UK lawmakers say BoE’s bond sales lack value-for-money thinking Read More »
By William Schomberg LONDON (Reuters) – British living standards will start to rise again this year but it will be 2027 before poorer households recover their pre-pandemic spending power, putting an onus on the next government to boost the country’s slow economic growth, a think tank said. Politicians should resist the temptation to offer voters …
UK living standards set to turn corner slowly – NIESR Read More »
LONDON (Reuters) – Countries led by Britain, France and the United States and tech firms including Google, Microsoft and Meta on Tuesday signed a joint statement recognising the need for more action to tackle malicious use of cyber spying tools. The declaration was signed by 35 nations at a conference hosted by both Britain and …
Britain, France lead 35 nation agreement on controlling spyware, mercenary hackers Read More »
By Michael Holden and Sarah Young LONDON (Reuters) – King Charles smiled and waved to passers-by on Tuesday as he was seen in public for the first time since it was revealed he was suffering from a form of cancer and as his estranged younger son Prince Harry flew to Britain to see him. Buckingham …
King Charles seen in public and Harry flies in to see him after cancer diagnosis Read More »
By Jesús Aguado and Sinead Cruise LONDON/MADRID (Reuters) – TSB, the UK banking arm of Spain’s Banco de Sabadell is looking to cut around 300 jobs as part of a broad restructuring effort, employee union Unite told Reuters on Tuesday. The proposed cuts, which were communicated to staff earlier on Tuesday, are expected to fall …
Sabadell’s UK bank TSB plans to cut about 300 jobs -union Read More »
By Elizabeth Piper LONDON (Reuters) – Taking aim at the judiciary, quangos, climate activists, bureaucrats and internationalists, a group of right-wing Conservatives offered a solution to their ailing governing party on Tuesday before an election – become more conservative. Unveiling a new movement called Popular Conservatism, former prime minister Liz Truss, ex-business secretary Jacob Rees-Mogg …
‘Become more conservative’, former UK PM Truss, others tell ruling Tories Read More »
By Andy Bruce MANCHESTER, England (Reuters) – Falling inflation, the prospect of interest rate cuts and signs that Britain’s economy is gathering some pace sound like an electoral godsend for struggling Prime Minister Rishi Sunak, but history suggests it will all make little difference. Last week the Bank of England forecast that British inflation – …
Analysis-Improving UK economy would be no election game-changer for Sunak Read More »
By Michael Holden LONDON (Reuters) -King Charles is undergoing treatment for a form of cancer, with his son and heir William expected to step up alongside the monarch’s siblings and other family members to help carry out public duties during his absence. Apart from William and his wife Kate, all those who currently carry out …
FACTBOX-King Charles: the royals who will step up in his absence Read More »
LONDON (Reuters) -Bank of England (BoE) policymaker Swati Dhingra said she thought there was little risk to the central bank’s credibility if it were to cut interest rates too early and then need to raise them a short time later. “There might be some kind of financial market psychology, but I still think that if …
Bank of England’s Dhingra sees little credibility risk from early rate cut Read More »
LONDON (Reuters) – Prince Harry is expected to arrive back in Britain later on Tuesday, The Sun newspaper reported, ahead of a meeting with his father King Charles, 75, who has been diagnosed with cancer. The Sun said Harry had been seen arriving at a private terminal at Los Angeles International Airport in California, where …
Prince Harry due back in Britain on Tuesday -The Sun Read More »
