By Johann M Cherian (Reuters) -UK’s FTSE 100 tumbled on Wednesday, dragged by banks, oil majors and mining stocks, while sentiment was further dented as two major global organisations strongly criticised the government’s tax cuts. The blue-chip index dropped 1.6%, while the more domestically oriented FTSE 250 shed 2.5%. The energy and mining sectors slid …
LONDON (Reuters) – The climb in prices charged by shops and supermarkets in Britain accelerated again in the 12 months to September, hitting its highest since records began in 2005, the British Retail Consortium said on Wednesday. Prices rose by 5.7%, speeding up from 5.1% in the 12 months to August, led by an unprecedented …
UK shop price inflation speeds up again to new high – BRC Read More »
LONDON (Reuters) – Criticism from the International Monetary Fund of Britain’s new fiscal policy shows what a mess Prime Minister Liz Truss’s government has made of the economy, leader of the opposition Labour Party Keir Starmer said on Wednesday. “I think the IMF statement is very serious and it shows just what a mess the …
IMF statement shows the seriousness of UK situation -opposition leader Read More »
By Andrea Shalal WASHINGTON (Reuters) -White House economic adviser Brian Deese said on Tuesday he was not surprised by the negative reaction of financial markets to Britain’s fiscal plans and tax cuts, underscoring the need to maintain “fiscal prudence, fiscal discipline.” Deese, speaking at an event hosted by the Economic Club of Washington D.C., said …
White House’s Deese, asked about UK economic plans, stresses ‘fiscal prudence’ Read More »
By Andy Bruce, Kate Holton and Andrea Shalal LONDON (Reuters) -The International Monetary Fund openly criticised Britain’s new economic strategy on Tuesday, following another slide in bond markets that forced the Bank of England to promise a “significant” response to stabilise the economy. Pressure piled on new finance minister Kwasi Kwarteng to reassess his policy, …
IMF criticises UK policy, Bank of England to make big response Read More »
LONDON (Reuters) – British health officials on Wednesday warned that increased circulation of flu and a resurgence in COVID-19 could lead to a difficult winter that increases pressure on the already stretched National Health Service (NHS). Warnings over a possible “twindemic” of COVID-19 and flu have been issued each winter since the start of the …
British health officials warn of difficult winter with flu and COVID Read More »
SYDNEY (Reuters) – Global ratings agency Moody’s has warned the British government that plans for unfunded tax cuts could lead to larger budget deficits and higher interest rates, threatening the country’s credibility with investors. In a blunt release the agency said large unfunded tax cuts were “credit negative”, leading to structurally higher deficits amid rising …
Moody’s warns UK unfunded tax cuts are ‘credit negative’ Read More »
LONDON (Reuters) – British royals William and Kate on Tuesday carried out their first Welsh visit since being made Prince and Princess of Wales following the death of Queen Elizabeth, as a source said there were no plans for them to have a big investiture ceremony. The couple returned to the island of Anglesey off …
No big investiture for William and Kate as new Prince and Princess of Wales Read More »
LONDON (Reuters) – The new cypher for Britain’s King Charles – the sovereign’s monogram that will appear on government buildings and red mail pillar boxes – has been revealed by Buckingham Palace. The cypher, selected by the new monarch from a series of designs prepared by the College of Arms, consists of the initials ‘C’ …
LONDON (Reuters) – Britain will gradually see coins, banknotes and stamps bearing the image of King Charles, while the new monarch’s cypher will also appear on government buildings and red mail pillar boxes, manufacturers and Buckingham Palace announced on Tuesday. As the country begins adapting to its first new head of state for 70 years, …
New coins, banknotes, stamps and cypher for Britain’s King Charles Read More »
