LONDON (Reuters) – British taxpayers will not bear the cost of budget overruns and delays on the construction of Hinkley Point C nuclear power plant, the government said on Tuesday following an announcement by the French utility EDF on delays to the project. “Hinkley Point C is not a government project and so any additional …
British taxpayers wont bear cost of Hinkley Point C overruns – UK government Read More »
By William Schomberg LONDON (Reuters) – The Bank of England is expected to take a tentative first step towards cutting interest rates from their highest level in nearly 16 years next week after signs that the inflation crisis is abating. Governor Andrew Bailey and other top officials spent much of late 2023 dismissing speculation about …
Bank of England set to start on path towards interest rate cuts Read More »
LONDON (Reuters) – The pound touched its highest against the euro in four months on Tuesday, supported by indications that the British economy is holding up and the Bank of England will likely cut rates later than its peers. The euro dropped as low as 85.48 pence, its lowest since early September and was last …
By James Davey LONDON (Reuters) -Associated British Foods said underlying sales growth slowed at its Primark clothing business in the Christmas quarter, hurt by unseasonal warm weather at the start of the period. The group also said on Tuesday it was monitoring the situation in the Red Sea but does not expect any significant disruption …
Primark’s sales growth slows in Christmas quarter Read More »
By Alistair Smout LONDON (Reuters) – Britain will retain thousands of European Union laws for at least the next two years, the government said on Thursday, setting out new targets for the heavily delayed process of removing EU law from the British statute book after Brexit. Britain had originally aimed to remove all retained EU …
Britain to retain substantial number of EU laws until at least 2026 Read More »
LONDON (Reuters) – Britain’s main opposition Labour Party said it would aim to save 10 billion pounds ($12.71 billion) by cutting waste and reforming the health service if in power, saying this could free up cash to spend on frontline care. The state-run National Health Service (NHS) emerged from the COVID-19 pandemic in crisis, crippled …
Britain’s Labour aims to save billions of pounds with planned health reforms Read More »
By William Schomberg and Sachin Ravikumar LONDON (Reuters) -British finance minister Jeremy Hunt received a boost as he works on possible tax cuts before a national election expected later this year when data showed that he would have more wiggle room in his March budget plan than previously expected. Britain posted a smaller-than-expected budget deficit …
UK borrowing figures open up room for tax cuts in March budget Read More »
By James Davey LONDON (Reuters) – British businesses are warning of a new wave of post-Brexit trade disruption because EU exporters are not ready for UK customs changes which start this month, and Britain’s port infrastructure might be unprepared too. Britain left the European Union’s single market in January 2021 but it has repeatedly delayed …
UK industry fears disruption from new post-Brexit border checks Read More »
BRIGHTON, England (Reuters) -Brighton & Hove Albion could only muster a point in a scoreless draw with Wolverhampton Wanderers on Monday but it was enough to lift them above Manchester United into seventh place in the Premier League table. Roberto De Zerbi’s team, unbeaten in nine home games, are ahead of United on goal difference …
By Sachin Ravikumar LONDON (Reuters) – London’s most famous cemetery, the final resting place of revolutionary socialist Karl Marx, is searching for a new lease of life by reclaiming long-abandoned graves so they can be sold again for fresh burials. The Victorian-era Highgate Cemetery, crammed with a jumble of ivy-covered graves and ornate stone memorials, …
Karl Marx’s London cemetery looks to solve its grave problem Read More »
