By Lawrence White and Iain Withers LONDON (Reuters) -Barclays slashed its workforce by around 5,000 jobs in 2023 as part of a major cost-cutting drive announced last year, the bank said on Monday. The majority of the cuts fell in Barclays Execution Services (BX), the bank’s support unit, the lender said, confirming for the first …
Barclays slashed 5,000 jobs in 2023 as latest overhaul ramps up Read More »
BEIJING (Reuters) -China said its security agencies found another incident of spying in which the British Secret Intelligence Service, also known as MI6, used a foreigner in China to collect secrets and information. The case by China highlights the ongoing heated exchanges the countries have traded over accusations of perceived spying that threatens their respective …
China’s top spy agency says it exposes British espionage case Read More »
LONDON (Reuters) – The pound softened slightly on Monday but remained close to its strongest in three weeks against the euro, a level touched the week before on expectations the European Central Bank will cut rates before the Bank of England. Those expectations, which depend on the British economy holding up better than the euro …
By William Schomberg LONDON (Reuters) – Britain’s next government will have little room to cut taxes or increase spending – at least according to bleak forecasts from the country’s budget office. But if the economy performs only a little better than expected, whoever wins an election expected later this year could have tens of billions …
No money? Next UK government’s budget is hostage to economy Read More »
LONDON (Reuters) – British energy regulator Ofgem on Monday said that three major suppliers will be allowed to resume forced installation of pre-pay meters in the homes of some people who were not paying energy bills and were building up debts. Forced installation of pre-pay meters came under scrutiny last year after The Times newspaper …
British energy regulator eases ban on forced pre-pay meters Read More »
By William Schomberg LONDON (Reuters) – British employers raised pay and recovered some of their appetite for hiring in December, according to a survey that the Bank of England may see as another sign of lingering inflation pressure in the labour market. The Recruitment and Employment Confederation (REC) survey published on Monday showed hiring of …
UK labour market firms after recent slowdown: REC survey Read More »
By Martyn Herman LONDON (Reuters) -An own goal by Jakub Kiwior and a thumping late strike by Luis Diaz sealed a 2-0 victory for Liverpool at Arsenal in the weekend’s headline FA Cup third round tie as the hosts’ dismal form extended into the New Year on Sunday. Arsenal wasted a sackful of chances in …
Soccer-Liverpool strike late to knock Arsenal out of FA Cup, Man City cruise Read More »
LONDON (Reuters) – More than 40 pro-low tax lawmakers from Britain’s ruling Conservative Party have accused official forecasters of making errors that influenced policymaking and called on the government to ensure they were not “holding back the country’s recovery”. In the latest attack on the watchdog, the Conservatives urged finance minister Jeremy Hunt to fix …
Conservative group says UK budget watchdog mustn’t hold back growth Read More »
ABIDJAN (Reuters) – Four players from non-league clubs in England have been included in Tanzania’s 27-man squad for the Africa Cup of Nations finals in the Ivory Coast. Tanzania made no formal announcement of their squad but it was released on Sunday by the Confederation of African Football, one week ahead of the kick off …
Soccer-Four English non-league players headed to Cup of Nations with Tanzania Read More »
LONDON (Reuters) – British Prime Minister Rishi Sunak said on Sunday his government was considering a move to exonerate hundreds of employees of the state-owned Post Office who were wrongfully convicted of false accounting, theft and fraud because of faulty software. Sunak’s government is braced for criticism after parliament resumes work this week after a …
UK’s Sunak: Government is looking at legal ways to help Post Office victims Read More »
