Reuters UK Domestic

By Andrew MacAskill LONDON (Reuters) – British Prime Minister Rishi Sunak’s government offered concessions on Monday to members of parliament’s upper house after they inflicted a series of defeats on highly contested legislation to make it easier to send asylum seekers to Rwanda. Under an initial 140-million-pound ($180 million) deal struck last year, Britain planned …

UK government offers concessions over contested immigration plan Read More »

LONDON (Reuters) -Finance leaders, companies and philanthropists have committed more than $2 billion to help finance efforts to reduce carbon emissions and boost climate resilience across Africa, Asia and Latin America, a joint UK-U.S. statement said on Tuesday. The statement, by Britain’s Energy Security and Net Zero Secretary Grant Shapps and U.S. Special Presidential Envoy …

More than $2 billion committed at UK-US climate finance forum Read More »

By William Schomberg LONDON (Reuters) -A key measure of British wages matched its highest growth rate on record but there were also some signs that the inflationary heat in the labour market is subsiding, offering the prospect of some relief ahead for the Bank of England. The 7.3% increase in basic earnings in the three …

UK wage growth matches record high, keeping BoE under pressure Read More »

LONDON (Reuters) -Britain handed BAE Systems, the country’s biggest defence company, a 280 million pound ($361 million) order for munitions, seeking to ramp up production to replenish its stockpiles and ensure supply for Ukraine. Britain and its NATO allies have sent millions of rounds of ammunition to Ukraine, sparking concern about domestic stock levels, and …

Britain places new BAE order for battlefield munitions Read More »

LONDON (Reuters) -Allegations that an unnamed BBC presenter paid a young person to pose for explicit photos are “rubbish”, a lawyer acting for the young person has told the broadcaster in a letter. British media has been gripped in recent days by a report in the Sun newspaper that cited the young person’s mother as …

BBC sex photo claims are ‘rubbish’, young person’s lawyer tells broadcaster Read More »

By Huw Jones LONDON (Reuters) – Britain’s finance minister Jeremy Hunt has set out proposals to unlock at least 50 billion pounds ($64 billion) in investments to bolster London as a competitive global financial centre. The so-called Mansion House Reforms come as part of plans launched last year to take advantage of Britain’s freedom to …

Explainer-Boosting the City: Part Two of UK’s post-Brexit finance reforms Read More »

By Huw Jones LONDON (Reuters) – Aviva, Legal & General and seven other pension firms intend to invest 50 billion pounds ($64 billion) in unlisted companies by 2030 to help the City of London remain a competitive global finance centre after Brexit, finance minister Jeremy Hunt said. Under a non-binding agreement, Aviva, Scottish Widows, Legal …

UK pension funds back next phase of post-Brexit City shake up Read More »