Reuters UK Domestic

By Sam Tobin LONDON (Reuters) -Ukraine’s PrivatBank accused its former owners in a London court on Monday of using “absolute power” to siphon off nearly $2 billion from the country’s largest lender. The case is being closely watched by politicians and investors as a test of Ukrainian President Volodymyr Zelenskiy’s willingness to pursue reforms and …

Ukraine’s PrivatBank alleges $2 billion fraud by former owners Read More »

LONDON (Reuters) – Scotland’s First Minister Humza Yousaf said on Monday he would not suspend his predecessor Nicola Sturgeon after her arrest as part of a police inquiry into the finances of the governing, pro-independence Scottish National Party (SNP). The police are investigating what happened to more than 600,000 pounds ($750,000) in funding raised by …

Scotland’s leader won’t suspend Nicola Sturgeon from party after arrest Read More »

By David Milliken and Suban Abdulla LONDON (Reuters) -Central banks like the Bank of England will find it hard to communicate the end of their rate-tightening cycle and should not sweat over this at the expense of taking steps to bring down inflation, BoE policymaker Catherine Mann said on Monday. “Fine-tuning is something that monetary …

Hard for Bank of England to fine-tune end of rate-tightening: BoE’s Mann Read More »

LONDON (Reuters) -Britain’s communications regulator Ofcom on Monday said it was one of the organisations affected in a data theft hack centred on the popular file transfer tool MOVEit. “A limited amount of information about certain companies we regulate – some of it confidential – along with personal data of 412 Ofcom employees, was downloaded …

UK telecoms regulator says it was affected by MOVEit hack Read More »

(Reuters) – Britain’s Unite union said on Monday the first summer strike at Heathrow airport involving over 2,000 security workers had been postponed after an improved pay offer. Last week, the labour union had said employees would go on a strike for 31 days over low pay starting from June 24. “Following extensive negotiations last …

UK’s Unite says Heathrow strike postponed after better pay offer Read More »

LONDON (Reuters) – British Prime Minister Rishi Sunak on Monday said he had not been prepared to overrule recommendations made by a commission which vets nominations to the House of Lords over the list of people recommended by former leader Boris Johnson. “Boris Johnson asked me to do something that I wasn’t prepared to do,” …

UK PM Sunak: I wasn’t prepared to intervene in Johnson honours list Read More »

LONDON (Reuters) – Britain’s economy now looks likely to sidestep recession entirely this year but deep-rooted problems like weak business investment will persist, the Confederation of British Industry trade body said on Monday. The economy is on course to expand 0.4% this year and 1.8% next year, the CBI said, compared with its previous forecast …

UK set to dodge recession, but big problems remain: CBI Read More »

LONDON (Reuters) -The Bank of England may need to raise interest rates more than once from their current level of 4.5% to bring inflation under control, Monetary Policy Committee member Jonathan Haskel said on Monday. “My own view is that it’s important we continue to lean against the risks of inflation momentum, and therefore that …

Bank of England can’t rule out more rate rises, MPC’s Haskel says Read More »

LONDON (Reuters) -Britain’s Heathrow said 6.73 million passengers passed through the hub in May, making it the airport’s busiest month since the pandemic as travel demand continues to bounce back. May passenger numbers at the airport are just below the 6.77 million passengers it carried in the same month in 2019, and are higher than …

UK’s Heathrow Airport has busiest month since the pandemic in May Read More »