Reuters UK Domestic

By David Milliken and William Schomberg LONDON (Reuters) -The International Monetary Fund (IMF) warned Britain’s Conservative government on Tuesday not to cut taxes in the run-up to a national election expected later this year, due to high levels of public debt and growing demands on services. The warning from the IMF’s chief economist, Pierre-Olivier Gourinchas, …

IMF tells UK not to cut taxes in run-up to election Read More »

BELFAST (Reuters) -Northern Ireland’s largest pro-British party said on Tuesday it had agreed a deal with the United Kingdom government on the operation of post-Brexit trade rules that would pave the way for it to return to the region’s power-sharing government. Northern Ireland has had no government for almost two years, since the Democratic Unionist …

How is Northern Ireland governed and what’s next after DUP deal? Read More »

By Paul Sandle LONDON (Reuters) -Advertising group WPP is to invest in AI to drive its top line and improve margins in the medium term but 2024 will be another tough year, as it forecast that like-for-like growth would be flat to up by 1%. The British group set a medium-term target of growing its …

WPP bets on AI for growth, but no quick fix for 2024 Read More »

BELFAST (Reuters) – The leader of Northern Ireland’s Democratic Unionist Party (DUP) said on Tuesday the region’s power-sharing government could be restored within days if the British government moves quickly to implement a deal it agreed with his party. The DUP announced in the early hours of Tuesday that the party had endorsed proposals agreed …

Northern Ireland government could return within days, DUP leader says Read More »

By Iain Withers and Sinead Cruise LONDON (Reuters) -HSBC has been fined 57.4 million pounds ($73 million) for “serious failings” in protecting some depositors over several years, in the first penalty of its kind under British rules designed to protect customers if banks fail. The Bank of England’s Prudential Regulation Authority (PRA) said on Tuesday …

HSBC fined $73 million for ‘serious failings’ in UK deposit protection Read More »

By Amanda Ferguson BALLYNAHINCH, Northern Ireland (Reuters) -The leader of Northern Ireland’s Democratic Unionist Party (DUP) said it had reached a deal with the British government on the operation of post-Brexit trade rules that would allow it to return to the region’s power-sharing government. Northern Ireland has been without a devolved government for almost two …

Northern Ireland’s DUP strikes deal to return to power-sharing government Read More »

By James Davey LONDON (Reuters) – British grocery price inflation declined at a slower rate in January as the proportion of items purchased on promotion dropped compared to December, industry data showed on Tuesday. Market researcher Kantar said annual grocery price inflation was 6.8% in the four weeks to Jan. 21, down from a re-stated …

UK grocery price inflation falls at slower rate -Kantar Read More »

(Reuters) -Britain’s Pets at Home Group cut its full-year profit forecast on Tuesday after its retail business saw growth below expectations, with customers limiting spending on accessories for their pets. The group, which also offers grooming and veterinary services, said it expects underlying profit before tax to be about 132 million pounds ($167.5 million) for …

Pets At Home cuts profit forecast on softer demand for accessories Read More »

By Andrew MacAskill LONDON (Reuters) – British Prime Minister Rishi Sunak won the first vote in the upper house of parliament on his legislation to revive a plan to send asylum seekers to Rwanda despite lawmakers spending hours attacking the bill as unethical and unworkable. Under the Rwanda plan, which has yet to be carried …

British PM Sunak wins first vote in House of Lords on new Rwanda asylum law Read More »