SHARM EL-SHEIKH, Egypt (Reuters) – British Prime Minister Rishi Sunak said on Monday climate and energy security went “hand in hand” and world leaders must act quickly to address the impacts of climate change. “Climate security goes hand in hand with energy security,” Sunak told a gathering at the COP27 climate summit in Egypt. “Putin’s …
COP 27-UK’s Rishi Sunak says climate and energy security go hand in hand Read More »
LONDON (Reuters) -Britain’s foreign minister James Cleverly on Monday will announce investments of more than 100 million pounds ($115 million) to support developing countries in their fight against the impact of climate change. “Mr Cleverly will also argue that long-term prosperity depends on taking action on climate change and ramping up investment in renewable energy …
UK pledges more than $115 million to developing economies to tackle climate change Read More »
By David Milliken LONDON (Reuters) -The Bank of England received soft demand on Monday at its first auction of 750 million pounds ($859 million) of medium-dated government bonds from its 837 billion pound quantitative easing stockpile, pushing 10-year borrowing costs to an 11-day high. Investors bid for 1.012 billion pounds of the gilts with a …
UK bonds sag after soft demand at first BoE sale of medium-dated gilts Read More »
LONDON (Reuters) – Britain won’t proceed with building a new national flagship to promote business and trade interests around the world, defence minister Ben Wallace said on Monday, ending one of former Prime Minister Boris Johnson’s pet projects. The ship was announced in May 2021 to host trade shows and negotiations, but tendering of contracts …
LONDON (Reuters) – Financial regulators warned Britain’s government on Monday against “political rulemaking” which would damage the City’s global competitiveness and reputation for independent oversight of markets. The finance ministry has said it wants to give itself the power under a draft financial services law now before parliament to force regulators to scrap or amend …
Don’t bring in ‘political rulemaking’, markets watchdog warns UK government Read More »
LONDON (Reuters) -British house prices fell in October at the fastest monthly rate since February 2021, a fresh sign of weakness in the housing market that reflects the fallout from the September “mini-budget”, mortgage lender Halifax said on Monday. House prices dropped 0.4% month-on-month last month, after a 0.1% fall in September, Halifax said. It …
‘Mini-budget’ fallout hits UK house prices in October – Halifax Read More »
LONDON (Reuters) – Six in ten Britons believe they will have less money to spend over the Christmas period than last year, according to a survey published on Monday, adding to evidence that a thrifty festive season beckons. The survey from Deloitte found 38% plan to switch to cheaper brands or stores to seek out …
Six in ten Britons will spend less at Christmas -Deloitte survey Read More »
SHARM EL-SHEIKH, Egypt (Reuters) – British Prime Minister Rishi Sunak will on Monday use a speech at the United Nations climate summit in Egypt to tell world leaders to deliver on their promises to tackle global warming. Sunak, who became prime minister late last month, had initially said he would be too busy coming up …
“Live up to your climate promises,” UK PM will say Read More »
(Reuters) -British finance minister Jeremy Hunt plans to set out on Nov. 17 up to 60 billion pounds ($67.82 billion) of tax rises and spending cuts, including at least 35 billion pounds ($39.56 billion) in cuts, the Guardian reported on Sunday. Citing a Whitehall source, the newspaper said the figures remained estimates and subject to …
Jeremy Hunt set to outline 60 billion pounds in tax rises and spending cuts -Guardian Read More »
CAIRO (Reuters) – British Prime Minister Rishi Sunak has said he will raise the case of Egyptian-British hunger striker Alaa Abd el-Fattah with Egypt’s leadership during the COP27 climate summit that opened on Sunday, the same day Abd el-Fattah said he would stop drinking water. Abd al-Fattah rose to prominence with Egypt’s 2011 uprising but …
British PM to raise hunger striker Abd el-Fattah’s case during COP27 Read More »
