Reuters UK Domestic

Nigel Farage says set to lose Coutts account, offered NatWest one instead

LONDON (Reuters) -Nigel Farage, the former Brexit party leader, said on Tuesday that British private bank Coutts had told him it was closing his accounts and had offered him a standard one with its parent group NatWest instead. A source familiar with the matter, who declined to be named, told Reuters that Farage’s accounts with …

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British lawmakers say new health agency had weak financial controls

LONDON (Reuters) – The UK Health Security Agency was set up with financial controls that were so weak parliament cannot establish whether it used funds in the way intended, a critical report by lawmakers said on Wednesday. The UKHSA, which was established in 2021 during the COVID-19 pandemic to take over responsibility for public health …

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Battling Brexit, some British firms turn to invest in Europe

By Andy Bruce MANCHESTER, England (Reuters) – Sick of customs delays and extra bureaucracy since Britain left the European Union, Farrat, a small manufacturer on the edge of Manchester, is ramping up investment to compensate – in Germany. The maker of anti-vibration parts for buildings and machinery is growing fast, almost doubling its headcount in …

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UK refutes claims it is dropping $14.76 billion climate pledge

(Reuters) -The British government said on Tuesday that claims it was dropping its International Climate Finance pledge are false, after the Guardian reported the country was planning to drop its flagship 11.6 billion pound ($14.76 billion) climate funding pledge. “The Government remains committed to spending 11.6 billion pounds on international climate finance and we are …

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London police reopen probe into lockdown breaches at Conservative Party HQ

LONDON (Reuters) – British police will reopen an investigation into COVID-19 lockdown breaches at a December 2020 event held in the headquarters of the governing Conservative Party following an assessment of new evidence. However police said other referrals, made to them by the government following an examination of former prime minister Boris Johnson’s diary, did …

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UK PM Sunak: Persistent inflation does not mean our policies are wrong

LONDON (Reuters) – Inflation in Britain is proving more persistent than anticipated but that does not mean the policies deployed to tackle it are wrong, Prime Minister Rishi Sunak said on Tuesday. “They’re the right ones,” he told a committee of lawmakers. “Whether that’s monetary policy, responsible fiscal policy or supply side reform, that’s the …

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UK’s record-breaking June heat bears ‘fingerprint of climate change’ – Met Office

By Farouq Suleiman LONDON (Reuters) – Last month was the hottest June on record in Britain, the country’s national weather service said on Monday, warning that human-induced climate change was making such temperature records increasingly likely. Record heatwaves have become a worldwide pattern, as scientists warn that efforts to halt a rise in temperatures are …

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UK’s Hunt backs regulator to ensure banks pass on better rates to savers

LONDON (Reuters) – British finance minister Jeremy Hunt gave his backing to the country’s financial regulator FCA to ensure banks are passing on better savings rates to consumers. “Increased interest rates must also be passed on to savers,” Hunt said on Twitter. “@TheFCA (The Financial Conduct Authority) has my full backing to ensure banks are …

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