Reuters UK Domestic

LONDON (Reuters) – Local government councils in England face a widening gap in their finances that threatens cuts to services in towns and cities as inflation worsens an existing shortfall in funding, their representative body warned on Friday. England’s local councils collectively are 4 billion pounds ($4.86 billion) short of what they need to maintain …

English councils warn inflation driving them deeper into cash crisis Read More »

LONDON (Reuters) – Bank of England Governor Andrew Bailey said inflation data for September, which failed to fall as most economists predicted, was not far off what the central bank had expected, adding that a slowdown in core inflation was “quite encouraging”. Consumer price inflation (CPI) unexpectedly held at 6.7% in September, remaining the highest …

BoE’s Bailey says Sept CPI “not far off” expectations: Belfast Telegraph Read More »

By Huw Jones and Simon Jessop LONDON (Reuters) – Britain needs to better track funds going into green investments to assess how much is needed from the private sector and should consider targeted tax changes to encourage sustainable projects, banking industry body UK Finance said. In its first major position paper on the topic, UK …

Banks call for clarity on Britain’s investment path to net-zero economy Read More »

LONDON (Reuters) – Britain’s RMT trade union for railway staff has secured a fresh six-month mandate to carry out strike action following a ballot of its members in a long-running dispute over pay, jobs and conditions, it said on Thursday. Nearly 90% of more than 20,000 union members across 14 train companies who were balloted …

Britain’s rail union RMT secures new strike mandate Read More »

LONDON (Reuters) -Britain’s decision to authorise new licences for oil and gas exploration in the North Sea was lawful, London’s High Court ruled on Thursday, dismissing a legal challenge by Greenpeace. The environmental campaign group had argued Britain’s failure to assess the greenhouse gases produced by consuming oil and gas – so-called end-use or downstream …

Greenpeace loses legal challenge to UK’s new North Sea oil and gas licences Read More »

PORTLAND, England (Reuters) – Britain began returning asylum seekers to a barge on its southern coast on Thursday, two months after it was forced to remove them within a few days of boarding because Legionella bacteria was found in the vessel’s water supply. The government, which wants to cut the 8 million pound ($9.7 million) …

Britain begins returning asylum seekers to barge on southern coast Read More »

By Huw Jones LONDON (Reuters) – Britain will roll out its new regime for approving the sale of European Union-based investment funds in the UK from next April, with no decision yet on whether extra requirements would be added, the Financial Conduct Authority said on Thursday. The overseas funds regime is a post-Brexit legal framework …

EU funds selling in Britain face new rules from April Read More »

By Christian Radnedge LONDON (Reuters) – The Football Association (FA) said it would be reviewing whether to light Wembley’s arch in blue and white in solidarity with Israel after receiving criticism for not doing so last week, CEO Mark Bullingham said on Thursday. Wembley, the home of England’s national football team, has previously lit up …

Soccer-FA to review lighting Wembley arch in Israeli colours after criticism Read More »

By Simon Jessop and Tommy Wilkes LONDON (Reuters) – Deutsche Bank has set emissions reduction targets for loans to clients in the coal mining, cement and shipping sectors and now has a net-zero plan for 55% of its financed emissions, its chief sustainability officer told Reuters. A key funder to polluting sectors, Germany’s biggest lender, …

Deutsche Bank sets emissions targets for coal, cement, shipping clients Read More »