By Alistair Smout LONDON (Reuters) – A plan to reduce lengthy wait times in England’s state-run National Health Service for elective and cancer care by 2025 is at risk, a report said on Thursday, as funding falls behind inflation and it faces issues with staffing and productivity. Finance minister Jeremy Hunt will set out a …
England’s health service risks missing targets on waiting lists – report Read More »
LONDON (Reuters) – Talks between Britain’s Royal Mail and the Communication Workers Union (CWU) aimed at averting strike action in the run-up to Christmas have been extended, the company said on Wednesday. The CWU, which represents more than 115,000 postal workers at Royal Mail, has said workers will strike on Nov. 24 and Nov. 25, …
UK’s Royal Mail and trade union extend talks aimed at averting strikes Read More »
By Amna Karimi and Muhammed Husain (Reuters) -British retailer Joules Group on Wednesday appointed three administrators from advisory firm Interpath Ltd after the struggling clothing company failed to find investors. The company, which employs 1,600 people and has 132 shops in Britain and Ireland, named Will Wright, Ryan Grant and Chris Pole to Joules Group …
British clothing company Joules appoints administrators Read More »
By Andy Bruce and William Schomberg LONDON (Reuters) – Surging household energy bills and food prices pushed British inflation to a 41-year high, data showed a day before finance minister Jeremy Hunt announces “tough but necessary” tax hikes and spending cuts to control price growth. Consumer prices rose 11.1% in the 12 months to October, …
UK inflation hits 41-year high as Hunt readies tough budget Read More »
LONDON (Reuters) – Bank of England Governor Andrew Bailey took the British government to task on Wednesday over its plan to give itself veto powers over post-Brexit financial rules written by independent regulators, including the central bank. Britain’s government has promised a deregulatory “Big Bang 2.0” to boost the financial sector’s competitiveness after the City …
Bank of England chief questions government’s veto power plan Read More »
By Michael Holden LONDON (Reuters) – The expulsion of more than 400 suspected Russian spies from across Europe this year has struck the “most significant strategic blow” against Moscow in recent history and taken Vladimir Putin by surprise, Britain’s domestic spy chief said. In his annual update on the threat to Britain, Security Service (MI5) …
UK MI5 chief says expulsion of Russian spies has delivered significant blow Read More »
By Huw Jones and Carolyn Cohn LONDON (Reuters) – The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to “unshackle” the City of London after leaving the European Union. Reform would potentially free up billions of pounds to invest in infrastructure to boost …
Explainer-Britain’s insurers become test case for post-Brexit ‘unshackling’ Read More »
LONDON (Reuters) – BP is paying more tax as it is making more profit, its UK head Louise Kingham told the Reuters Energy Transition Europe 2022 event on Wednesday. “It’s right that (the government) should think about how they protect the most vulnerable and taxation is not for companies to determine,” Kingham said. “I think …
BP says it is paying more tax as it makes more profit Read More »
LONDON (Reuters) – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers in parliament on Wednesday, two weeks after the BoE raised interest rates by the most since 1989 to tackle inflation. Below are quotes from Bailey and his colleagues from the Monetary Policy Committee (MPC) …
By Aby Jose Koilparambil (Reuters) – Property owner British Land Co said on Wednesday the rapid rise in borrowing costs had reduced investors’ appetite for property acquisitions, leading to a fall in valuations in the first half. Aggressive interest rate hikes to tame inflation and deepening recession worries are seen snuffing out a tentative recovery …
British Land says low appetite for property purchases hits valuations Read More »
