Reuters UK Domestic

LONDON (Reuters) – British pharmacy chain Superdrug will stop selling single-use vapes, the company announced on Friday, citing the environmental impact caused by their disposal and the popularity of the products among young people. Nearly five million disposable vapes are thrown away every week in Britain according to research by non-governmental organisation Material Focus and …

Britain’s Superdrug to stop selling single-use vapes Read More »

LONDON (Reuters) – Britain’s opposition Labour Party has promised to set in law a requirement that government tax-and-spending plans be reviewed by fiscal regulators, a year after former prime minister Liz Truss’s uncosted “mini-budget” rocked financial markets. “We will guarantee in law that any government making significant, permanent tax and spending changes will be subject …

UK’s Labour pledges to submit all budget plans to fiscal scrutiny Read More »

LONDON (Reuters) – British retail sales partially recovered in August after a rainy July washout, official figures showed on Friday, adding to signs that the country’s consumers were mostly coping with the cost-of-living squeeze. Sales volumes rose by 0.4% on a month-on-month basis after a sharp 1.1% fall in July, the Office for National Statistics …

British retail sales grow in August after washout in July Read More »

By Yoruk Bahceli and Carolyn Cohn LONDON (Reuters) – Britain’s pensions industry, Europe’s biggest, is posing a new challenge to the country’s 2 trillion pound ($2.5 trillion) government bond market a year on from the “mini-budget” crisis that put the sector at the centre of financial stability fears. Pension funds are big buyers of UK …

Analysis-A year after budget crisis, UK debt faces fresh pensions headwind Read More »

LONDON (Reuters) – British consumers are their most optimistic since the start of 2022 as they turn more hopeful about the economy with inflation on the wane and wages growing, a survey showed on Friday. The GfK consumer sentiment indicator rose for a second month in a row to -21 in September, the highest since …

UK consumers most optimistic since early 2022: GfK Read More »

PARIS (Reuters) – French utility EDF said in a statement it has set up a new unit bringing together its engineering teams working on nuclear projects in Britain as it seeks to speed up the construction of Hinkley Point C in Somerset, southwest England, and leave behind a reputation for delays and cost overruns. The …

EDF creates new UK engineering subsidiary Read More »

By William Schomberg, Andy Bruce and Suban Abdulla LONDON (Reuters) -The Bank of England halted its long run of interest rate increases on Thursday as Britain’s economy slowed and inflation fell, but Governor Andrew Bailey sought to stress the central bank did not think its job was done. A day after Britain’s fast pace of …

Bank of England hits stop on rate hike run as economy slows Read More »

LONDON (Reuters) – The Bank of England on Thursday left interest rates unchanged, breaking a long run of rate rises as the British economy slowed, which sent the pound to a six-month low and gave London-listed stocks a brief boost. The pound dropped by as much as 0.9% to its lowest since late March. UK …

Bank of England bashes pound after halting rate rises Read More »