By Amanda Ferguson BELFAST (Reuters) -Britain’s new government said on Wednesday it would scrap an amnesty scheme for ex-soldiers and militants involved in decades of violence in Northern Ireland that has been opposed by all major parties in the region and by the Irish government. The move fulfils a promise in the Labour Party’s election …
British government to scrap Northern Ireland amnesty scheme Read More »
LONDON (Reuters) – Britain’s newly-elected Labour party wants to sharpen supervision of the UK corporate governance and audit industries, and reform rules governing pensions to help millions of savers improve their chances of a financially resilient retirement. Outlining the government’s legislative agenda in the customary King’s Speech on Wednesday, King Charles promised a government of …
UK finance sector reacts to Labour’s ‘mission-led’ legislation goals Read More »
By Sam Tobin LONDON (Reuters) -An Australian computer scientist who claimed he invented bitcoin faces a criminal investigation in Britain for alleged perjury after he was found to have repeatedly lied and forged documents to support his false claim. Craig Wright had long claimed to have been the author of a 2008 white paper, the …
Self-proclaimed bitcoin inventor faces UK criminal probe for alleged perjury Read More »
By William Schomberg and David Milliken LONDON (Reuters) -British inflation held at 2.0% last month, defying forecasts for a slight fall, and strong underlying price pressures prompted investors to scale back bets that the Bank of England will cut interest rates for the first time since 2020 next month. Increases in hotel prices – in …
UK inflation pressures stay hot, reducing chance of August rate cut Read More »
LONDON (Reuters) -The pound hit its highest for nearly two years against the euro and around one year against the dollar on Wednesday after stronger than expected UK services inflation data for June led markets to reduce expectations for an August rate cut. The euro dropped 0.1% to 83.92 pence, its lowest since August 2022, …
Sterling at two year high vs euro after UK inflation data Read More »
By Alan Baldwin LONDON (Reuters) -The search for the next England manager kicked off on Tuesday with plenty of names and no shortage of speculation about who might replace Gareth Southgate in one of the hottest seats in soccer. Southgate, in charge since 2016, announced his departure less than 48 hours after England’s second successive …
Soccer-Southgate stands down, who’s next for the hot seat? Read More »
LONDON (Reuters) -Vaughan Gething quit as first minister of Wales on Tuesday after just four months in office, following a wave of ministerial resignations from the devolved Welsh government in protest over his leadership. Zambian-born Gething, 50, became the first Black head of government in Europe in March but has faced a turbulent time in …
Welsh leader Gething resigns after just four months Read More »
By Purvi Agarwal and Roshan Abraham (Reuters) -London’s benchmark FTSE 100 closed lower for a second straight session on Tuesday, hurt by fresh declines in Burberry shares as well as a drop in metal and oil stocks after commodities came under pressure from weaker-than-expected Chinese data. The blue-chip FTSE 100 index ended down 0.2%, with …
FTSE 100 knocked lower by declines in commodities, luxury Read More »
By Alistair Smout LONDON (Reuters) – Britain’s deputy prime minister on Tuesday played down comments by U.S. vice presidential contender J.D. Vance that Britain was an Islamist nuclear-armed country, saying he had a history of making “fruity” remarks. Britain would work with whoever won November’s U.S. presidential election, Angela Rayner added. At a conference earlier …
UK deputy PM dismisses ‘Islamist’ nuclear state jibe by Trump VP pick Vance Read More »
LONDON (Reuters) – Britain said it would boost its “hollowed out” armed forces to make sure the country was prepared to face what the head of a defence review called a “deadly quartet,” comprising China, Iran, North Korea and Russia. The government named George Robertson, the former NATO secretary general, on Tuesday to lead a …
UK to boost armed forces given threat from ‘deadly quartet’ Read More »
