By Sam Tobin LONDON (Reuters) – The British government is breaching the withdrawal agreement with the European Union by requiring EU citizens to reapply for the right to live and work in the United Kingdom, an independent body set up to oversee citizens’ rights told a London court on Tuesday. The Independent Monitoring Authority (IMA) …
UK breaching Brexit agreement on EU citizens’ rights, London court told Read More »
LONDON (Reuters) – A British workers union said on Tuesday that it had secured a 12.5% pay deal for 1,000 beer delivery drivers from logistics company GXO, cancelling strikes that were planned in the run-up to the soccer World Cup finals. Unite said the workers had voted overwhelmingly in favour of accepting the one-year deal, …
UK beer delivery drivers at GXO accept 12.5% pay deal, cancel strikes Read More »
LONDON (Reuters) – Britain has ditched an aim to cut 91,000 civil service jobs, Prime Minister Rishi Sunak’s spokesman said on Tuesday, saying that reductions would be needed but that there would not be a specific target. “We need to be upfront that given the significant challenges we face as we further restore economic stability, …
Britain ditches aim to cut 91,000 civil service jobs Read More »
By Huw Jones LONDON (Reuters) -Britain will delay proposing a new power for the finance ministry to veto financial rules written by regulators, City Minister Andrew Griffith has said, after the plan triggered opposition from the Bank of England and others. Griffith had previously said he would introduce an amendment in a financial services and …
Britain delays new power to veto financial regulators Read More »
By David Milliken LONDON (Reuters) – The Bank of England passed a major milestone on Tuesday when it held its first auction to sell some of the 875 billion pounds ($1.01 trillion) of government bonds it bought during successive quantitative easing (QE) programmes from 2009-2021. Britain’s central bank is the first in the Group of …
Explainer: Why is the Bank of England selling government bonds? Read More »
(Reuters) -Royal Mail on Tuesday temporarily stopped access to its online postage and parcel tracking service after reports some customers were able to see information on other users’ orders, the British company said. The issue comes a day after Royal Mail’s largest labour union rejected a new pay offer in a long-running dispute, and as …
UK’s Royal Mail pauses access to online service after glitch Read More »
LONDON (Reuters) -Britain’s counter-terrorism police are now leading the investigation into an incident in which petrol bombs were thrown at an immigration centre in the southern English port of Dover, police said on Tuesday. “What appears clear is that this despicable offence was targeted and likely to be driven by some form of hate filled …
UK counter-terrorism police lead investigation into Dover bomb incident Read More »
LONDON (Reuters) – British Home Secretary Suella Braverman faced heavy criticism on Tuesday for describing the arrival of asylum seekers as an invasion, with lawmakers across the political spectrum warning of the risk of using inflammatory language. Her comments came a day after a man used fire bombs to attack an immigration processing centre in …
UK interior minister denounced for asylum seeker ‘invasion’ comments Read More »
LONDON (Reuters) – London-listed shell company UK SPAC said on Tuesday it has submitted a prospectus to Britain’s markets watchdog to complete its 45 million pound ($51.80 million) reverse takeover (RTO) of Greek medical marijuana producer Hellenic Dynamics. The transaction has been “lengthy and complex” as Hellenic will be the first cultivator of medicinal cannabis …
UK SPAC set to list first medicinal cannabis company in UK Read More »
By David Milliken LONDON (Reuters) -British house prices recorded their first monthly fall since July 2021 last month, mortgage lender Nationwide said on Tuesday, after the market was hit by turmoil during Prime Minister Liz Truss’s short-lived premiership. Borrowing costs soared and many lenders temporarily stopped issuing loans after Truss’s 45 billion pound ($52 billion) …
UK house prices fall after ‘mini-budget’ turmoil – Nationwide Read More »
