By Alistair Smout and Michael Holden LONDON (Reuters) -Up to half a million British teachers, civil servants, and train drivers walked out over pay in the largest coordinated strike action for a decade on Wednesday, with unions threatening more disruption as the government digs its heels in over pay demands. The mass walkouts across the …
UK’s teachers and civil servants join mass strike on ‘Walkout Wednesday’ Read More »
By Sachin Ravikumar LONDON (Reuters) – Britain is facing its most sweeping wave of industrial action in decades, with workers across sectors including healthcare, transport and education all walking off the job. WHY ARE STRIKES HAPPENING NOW? At the heart of the unrest is pay. Average wage growth in Britain slowed after the global financial …
Explainer-Why are half a million Britons on strike? Read More »
By Alistair Smout LONDON (Reuters) – Australia’s foreign and defence ministers will discuss trade and security on a two-day trip to Britain for an annual bilateral summit this week, as London looks to build its influence in the Indo-Pacific region. The talks will cover Indo-Pacific security, continued support for Ukraine, and AUKUS – the deal …
Australia ministers to discuss security and trade on UK trip Read More »
By David Milliken LONDON (Reuters) – British house prices dropped by a bigger-than-expected 0.6% in January and are now 3.2% below their peak in August, following a surge in borrowing costs and broader inflation pressures, mortgage lender Nationwide Building Society said on Wednesday. January’s decline in house prices was the fourth drop in a row …
UK house prices fall for longest period since 2009 – Nationwide Read More »
By Sam Tobin LONDON (Reuters) -Residents of a luxury London block, who are trying to stop visitors peering into their glass-walled apartments from the neighbouring Tate Modern art gallery, won their privacy case at the United Kingdom’s Supreme Court on Wednesday. The owners of four flats in the nearby Neo Bankside development took the Tate, …
London’s Tate gallery loses privacy case to luxury flat owners Read More »
By Andrew MacAskill, Ryan McNeill and Sinead Cruise LONDON (Reuters) -Following Moscow’s invasion of Ukraine last year, Britain trumpeted new legislation requiring property-ownership disclosure aimed at cracking down on Russian oligarchs and corrupt elites laundering illicit wealth. Foreign companies holding UK property had until the end of Tuesday to identify their “beneficial owners” in a …
Few sanctioned Russian oligarchs disclose UK property, despite new law Read More »
LONDON (Reuters) – British manufacturers saw their business shrink for a sixth month in a row in January, kicking off a tough 2023 when the country’s economy looks set to fall into a recession, according to a survey published on Wednesday. The S&P Global/CIPS UK manufacturing Purchasing Managers’ Index (PMI) rose to 47.0, up from …
UK factory output shrinks again at start of tough 2023 – PMI Read More »
LONDON (Reuters) – Britain’s finance ministry set out draft rules to regulate cryptoassets on Wednesday, saying ongoing turbulence in the sector and collapse of exchange FTX had highlighted risks that need addressing. “Our view is that this reinforces the case for clear, effective, timely regulation and proactive engagement with industry,” the ministry said in its …
Britain’s finance ministry sets out draft rules to regulate cryptoassets Read More »
(Reuters) – Virgin Money UK Plc said on Wednesday it expected second-half period of the current financial year to benefit from lower costs, after the British lender reported a slight 0.7% lending growth in the first quarter. The sixth largest bank in UK said it set aside an additional 66 million pounds ($81.27 million) for …
Virgin Money expects to benefit from reduced costs in second half Read More »
By Nick Carey COVENTRY, England (Reuters) – UK auto supplier Aurrigo International Plc made a conscious decision nearly a decade ago to develop slow-moving autonomous vehicles (AVs) in order to conserve cash, which has led to a focus on automating baggage dollies for loading planes at airports. “We decided on day one we couldn’t make …
Slow roll brings Aurrigo to self-driving airport baggage dollies Read More »
