Reuters UK Domestic

By Huw Jones LONDON (Reuters) – Britain’s finance ministry said on Wednesday it would not give itself a veto over decisions taken by financial regulators, scrapping a plan the Bank of England had warned would undermine its independence and backfire on the financial sector. Since Britain’s departure from the European Union, the country can write …

Britain’s finance ministry scraps plan for veto over financial regulators Read More »

LONDON (Reuters) – EasyJet launched on Wednesday a campaign to hire more people over the age of 45 to join its cabin crews, challenging an outdated image of the job as the budget airline looks to fill roles in Britain’s tight labour market. Britain’s workforce has shrunk due to a slowdown in immigration since the …

EasyJet calls on over-45s to fill cabin crew vacancies Read More »

(Reuters) – Manchester United said on Tuesday it was considering new investment or a potential sale, 17 years after the American Glazer family bought the English Premier League soccer club. The popular but underperforming club is no stranger to ownership tussles and the rough and tumble of financial markets. The club’s New York-listed shares jumped …

A short history of Manchester United’s ownership Read More »

LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Wednesday that more interest rate hikes will likely be needed to return inflation to the central bank’s 2% target sustainably, echoing previous central bank communication. “Given the need to contain the risk of greater inflation persistence implied by potential second round effects, further action …

BoE’s Pill eyes further rate hikes, sees limits to intervention Read More »

LONDON (Reuters) – British navy frigates and destroyers will be given advanced long-range anti-ship missiles in a new deal agreed by defence minister Ben Wallace with Norway announced on Wednesday. The Naval Strike Missiles made by Kongsberg Gruppen ASA will be used on eleven British Type 23 frigates and Type 45 destroyers, the Ministry of …

UK navy ships to be armed with advanced long-range strike missiles Read More »

LONDON (Reuters) -British finance minister Jeremy Hunt on Wednesday ruled out a softening of Brexit by changing the trade deal with the European Union, following demands from companies to make it easier to hire staff from abroad and remove trade barriers. Britain’s grim economic outlook, marked by stagnant business investment and sluggish post-Brexit trade, has …

UK’s Hunt rules out ‘move away’ from Brexit trade deal with EU Read More »

By Yadarisa Shabong and Pushkala Aripaka (Reuters) -Strikes by British postal workers in the run up to Christmas look set to go ahead after Royal Mail’s largest labour union rejected the latest pay offer from the company on Wednesday. The post and parcel company said it would increase wages by up to 9% over 18 …

UK braced for Christmas post chaos as union rejects ‘final’ pay offer Read More »

(Reuters) – British bikes and car parts retailer Halfords is seeing strong demand for motor servicing and is planning to hire 1,000 technicians in the next 12 months, it said on Wednesday, even as discretionary spending softened. The retailer said it now expects underlying profit before tax to come in at the lower end of …

UK’s Halfords says motor servicing demand strong, but purchases hit Read More »