By Huw Jones LONDON (Reuters) – Insurers must rigorously assess the impact on their solvency of the rising cost of settling car, property and other claims and ensure they have sufficient reserves, the Bank of England told the sector on Friday. The BoE said that claims inflation due to factors such as rising wage, medical …
UK insurers may need higher reserves due to ‘claims inflation’, says BoE Read More »
By Kylie MacLellan, Lawrence White and Muvija M LONDON (Reuters) -British banks agreed on Friday to give homeowners who miss mortgage payments a year of grace before foreclosing and to protect credit scores of borrowers who change loan terms, as the government sought to ease the strain of rising interest rates. Finance minister Jeremy Hunt …
UK banks agree limited mortgage relief measures for stressed borrowers Read More »
LONDON (Reuters) – Heathrow Airport security workers on Friday called off 31 days of strikes planned for this summer, a relief for those travelling through Britain’s busiest hub for their summer getaway. Over 2,000 staff accepted an improved pay offer for a rise of between 15.5% and 17.5% the Unite union said on Friday and …
UK’s Heathrow airport strikes cancelled after pay deal Read More »
By David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England surprised many investors by raising interest rates half a percentage point on Thursday, saying there had been “significant” news suggesting Britain’s persistently high inflation would take even longer to fall. The BoE’s Monetary Policy Committee (MPC) voted 7-2 to raise its main interest …
Bank of England hikes rates to 5% in surprise move to tackle stubborn inflation Read More »
By William Schomberg LONDON (Reuters) -British retail sales unexpectedly rose in May, boosted by an extra bank holiday to mark the coronation of King Charles but also suggesting most consumers were coping with high inflation’s squeeze on their spending power. A day after the Bank of England escalated its battle against inflation by raising interest …
UK shoppers boost spending again despite inflation’s squeeze Read More »
By Suban Abdulla LONDON (Reuters) – British consumer sentiment hit its highest level since January 2022 as households turn more optimistic about their finance and economy, despite stubborn inflation and rising interest rates, market research firm GfK said on Friday. GfK’s headline confidence index rose for the fifth month in a row to -24 in …
UK consumer morale touches 17-month high despite inflation pain – GfK Read More »
LONDON (Reuters) – The stage at London’s Royal Albert Hall has been transformed into an enchanted forest, populated by gnomes, woodland creatures – and over 90 ballet dancers. After a forced four-year break due to the COVID pandemic, the ballerinas of the English National Ballet are back for a spectacular run of “Cinderella,” one of …
Fairy-tale return for London ballet company’s ‘Cinderella’ Read More »
(Reuters) – James Anderson said the lifeless Edgbaston pitch in the Ashes opener was like “kryptonite” to him and fears he will be powerless to help England fight back against Australia if the surfaces in the remainder of the series are flat and slow. Captain Ben Stokes had asked for “flat, fast wickets” for the …
Cricket-No heroics from Anderson if Ashes deliver more ‘kryptonite’ pitches Read More »
By Andrew MacAskill LONDON (Reuters) – About 14,000 people were denied a vote in English local elections last month after they were unable to provide identification required under a new law, the Electoral Commission said on Friday. An interim report by the commission said early findings suggested that disabled people and the unemployed were more …
About 14,000 people in England denied vote due to ID rule – Electoral Commission Read More »
(Reuters) – A debris field that was found near the wreckage of the Titanic in the North Atlantic has been assessed to be from the missing Titan submersible’s external body, CNN reported on Thursday, citing sources. (Reporting by Rami Ayyub in Washington; Editing by Eric Beech)
