Reuters UK Domestic

By David Milliken LONDON (Reuters) – The Bank of England will not succeed in returning inflation to its 2% target before 2028 at the earliest, according to forecasts from a leading academic think-tank which warned the British economy was succumbing to stagnation. The National Institute of Economic and Social Research (NIESR) forecast inflation will fall …

UK inflation to exceed BoE target for next 4 years: NIESR Read More »

BELFAST (Reuters) – Northern Ireland’s police force accidentally shared the names and work locations of every member of staff on Tuesday in a data breach it said would be of “significant concern” to officers who are often targeted by militant groups. The surnames, initials, work location and department of each staff member were included in …

Northern Irish police accidentally share names of all officers Read More »

By Sachin Ravikumar LONDON (Reuters) – “Hostile actors” targeted Britain’s Electoral Commission in a complex cyber incident that involved hackers accessing internal emails and copies of voter data, the commission said on Tuesday. The Electoral Commission, the independent body which oversees elections and regulates political finance, said the incident came to light last year. It …

UK Electoral Commission hacked by ‘hostile actors’ Read More »

LONDON (Reuters) – British housebuilder Bellway on Tuesday said it would cut a limited number of jobs as part of structural changes that include the possible closure of two divisions, citing a slowdown in house building and sales. Britain’s housing market has been hit by rapid increases in mortgage rates which have reduced demand. Last …

UK housebuilder Bellway to cut jobs amid market slowdown Read More »

LONDON (Reuters) – British retailers suffered from heavy rain in July on top of the impact of high inflation with sales growth dropping to an 11-month low, a survey showed on Tuesday. The British Retail Consortium (BRC) said retail sales values rose by 1.5% compared with July last year, less than half the 12-month average …

Rainy July hurts UK retailers: spending growth slowest in 11 months Read More »

By David Milliken LONDON (Reuters) – British food price inflation is likely to fall to around 10% later this year, but will need to drop further for overall consumer price inflation (CPI) to return to its 2% target, Bank of England (BoE) Chief Economist Huw Pill said on Monday. Food and drink price inflation has …

UK food price inflation to fall to 10% in late 2023, BoE’s Pill says Read More »

By Toby Melville PORTLAND, England (Reuters) -Britain began moving some migrants on to a large residential barge on its southern coast on Monday, as part of plans to save money and remove what the government called the “pull” of hotels for those arriving in small boats. Prime Minister Rishi Sunak has made cracking down on …

UK moves some asylum seekers to a barge on southern coast Read More »

LONDON (Reuters) – Struggling British fashion brand Superdry said on Monday it has secured additional funding of up to 25 million pounds ($32 million) from restructuring specialist Hilco Capital but faces paying interest of just under 16%. The group, whose shares have slumped 44% this year, raised 11 million pounds in a share placing in …

UK fashion retailer Superdry secures fresh funding Read More »

By Hyunsu Yim and Dogyun Kim SEOUL (Reuters) -Concerns about cleanliness and food, not just the heat, drove the British contingent at the World Scout Jamboree to leave the event in South Korea, the head of UK Scouts said on Monday. Britain sent the largest contingent to the jamboree, the first global scout gathering since …

Poor sanitation, food drove Brits out of scout event – UK Scouts Read More »