Reuters UK Domestic

LONDON (Reuters) -Yields on British government debt surged to new multi-year highs on Tuesday, led by 20 and 30-year bonds, adding to their steep climb since finance minister Kwasi Kwarteng announced sweeping tax cuts last week. Thirty-year gilt yields soared to their highest since 2002, ending the session a whisker below 5%, roughly double their …

UK 30-year yields hit highest since 2002, extending post-tax cuts surge Read More »

By Elizabeth Piper and Andrew MacAskill LIVERPOOL, England (Reuters) -British opposition Labour leader Keir Starmer said on Tuesday it was his party’s “moment”, championing green policies to spur economic growth and create jobs that he said would open the door to power after 12 years of Conservative government. At Labour’s annual conference, Starmer struck at …

Ready for power, UK Labour’s Starmer tells faithful this is their ‘moment’ Read More »

By David Milliken and Marc Jones LONDON (Reuters) -The Bank of England is likely to deliver a “significant policy response” to finance minister Kwasi Kwarteng’s huge tax cuts but wants to wait until its next scheduled meeting in November before making its move, BoE Chief Economist Huw Pill said on Tuesday. Kwarteng, following up on …

Bank of England’s Pill sees ‘significant’ policy move, but only in November Read More »

LIVERPOOL, England (Reuters) – An opposition Labour lawmaker was suspended from the party on Tuesday after being accused of making racist comments about British finance minister Kwasi Kwarteng, with a party spokesperson saying it would call on her to apologise. Rupa Huq, a lawmaker who represents an area of west London, was accused of racism …

UK’s Labour suspends lawmaker for saying Kwarteng ‘superficially’ Black Read More »

(Reuters) – JD Sports said on Tuesday that it was fined about 1.5 million pounds ($1.6 million) by Britain’s competition regulator after an investigation into retail prices of certain branded clothing products of the Rangers Football Club was completed. The Competition and Markets Authority (CMA) had in June provisionally found that JD Sports, Britain’s biggest …

JD Sports fined $1.6 million by UK regulator over merchandise pricing Read More »

(Reuters) – Russian President Vladimir Putin is likely to announce the accession of occupied regions of Ukraine to the Russian Federation during his address to parliament on Sept. 30, the British Ministry of Defence said on Tuesday. The referendums currently underway within these territories are scheduled to conclude on Sept. 27, the Defence Ministry said …

Putin likely to announce accession of occupied regions of Ukraine on Sept. 30, UK says Read More »

LONDON (Reuters) – Fund managers in Britain posted a 6% rise in assets under management to 10 trillion pounds ($10.8 trillion) last year, but a slowdown is likely, the Investment Association (IA) said on Tuesday. The 2021 growth rate was below the 11% compound average annual increase seen in the last 10 years, according to …

Britain’s fund management assets rise in 2021, slowdown seen Read More »