Reuters UK Domestic

UK economy’s unexpected bounce spurs more BoE rate hike talk

By Andy Bruce LONDON (Reuters) -Britain looks on course to sidestep a long recession after a survey showed a surprise return to growth by businesses this month, raising the likelihood of another Bank of England interest rate hike in March. The preliminary “flash” reading of the S&P Global/CIPS UK Composite Purchasing Managers’ Index (PMI) jumped …

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Britain’s Asda imposes purchase limits on fresh produce lines

LONDON (Reuters) – British supermarket group Asda has imposed customer purchase limits on eight lines of vegetables and fruit due to “sourcing challenges” for products grown in southern Spain and north Africa, it said on Tuesday. Asda has introduced a three pack limit for purchases of tomatoes, peppers, cucumbers, lettuce, salad bags, broccoli, cauliflower and …

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UK government runs unexpected budget surplus in January – ONS

LONDON (Reuters) – Britain’s government ran an unexpected budget surplus in January, reflecting strong income tax receipts that could give finance minister Jeremy Hunt a little more leeway than he thought as he prepares his annual budget. The Office for National Statistics (ONS) on Tuesday reported a seasonal budget surplus of 5.42 billion pounds ($6.51 …

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Holiday Inn-owner IHG profit jumps on holiday demand, higher room rates

(Reuters) -Holiday Inn-owner IHG Plc reported higher full-year profit on Tuesday, helped by strong occupancy demand during the holidays and higher room prices, and said it would buyback shares worth an additional $750 million in 2023. Hotel operators have benefited as people are now spending more on travel and booking longer hotel stays after pandemic …

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Cricket-England’s absence robs WTC final of ‘Bazball’ buzz

By Amlan Chakraborty NEW DELHI (Reuters) – This year’s World Test Championship (WTC) final will again be a party without hosts, leaving England fans wishing their team’s ‘Bazball’ revolution had been sparked a little earlier. Two years after losing to New Zealand in the inaugural WTC final in Southampton, India are on the verge of …

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Forbes kicks off bid to lead Scotland, would have opposed gay marriage

By Muvija M LONDON (Reuters) -Scottish finance minister Kate Forbes on Monday became the latest candidate hoping to replace Nicola Sturgeon as the country’s first minister, but her stance on gay marriage upset some in her own party. Forbes, a 32-year-old Christian belonging to the governing Scottish National Party (SNP), was elected to parliament in …

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Burberry’s Lee stages an ode to British heritage in debut runway show

By Suban Abdulla LONDON (Reuters) – Faux fur, oversized coats and hot water bottles dominated Burberry’s runway as Daniel Lee presented his vision for the British heritage label at London Fashion Week on Monday. Set in a dark marquee in London’s Kennington Park, Lee delivered a colourful take on Burberry’s classic camel, black and red …

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UK government unlikely to tempt retirees back to work: report

By David Milliken LONDON (Reuters) – Britain’s government is unlikely to be able to tempt back to work people who retired early during the COVID-19 pandemic, as most are better-off and few people return to work after lengthy periods out of the labour force, a think-tank said on Tuesday. The Resolution Foundation, which focuses on …

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Scottish first minister hopeful Forbes: I would’ve voted against gay marriage

LONDON (Reuters) – Scottish finance minister Kate Forbes, who is in the running to replace Nicola Sturgeon as the country’s next leader, said on Monday that she would have voted against gay marriage as “a matter of conscience” in an interview to the Scotsman. Forbes, who was elected to the Scottish parliament in 2016, said …

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