Reuters UK Domestic

(Reuters) – Britain’s Labour party rose to its largest poll lead in over two decades over the Conservative party, The Times reported on Monday, citing YouGov poll for the publication. Last week, Finance Minister Kwasi Kwarteng unleashed historic tax cuts, ditched the cap on bankers’ bonuses and announced huge increases in borrowing in a fiscal …

UK’s Labour party surges to largest poll lead over Conservatives -The Times Read More »

By Nell Mackenzie LONDON (Reuters) – In the first half of September bets against sterling posted the biggest two-week rise since 2013, a sign that hedge funds may have ramped up short positions just as Liz Truss became Britain’s new Prime Minister. According to Vanda Research, which uses data from the U.S. Commodity Futures Trading …

Hedge funds mounted bearish UK bets as Truss became PM Read More »

LONDON (Reuters) – Prime Minister Liz Truss has thanked Saudi Arabia’s Crown Prince Mohammed bin Salman for his “personal role” in securing the release of five British detainees held by Russia-backed forces in Ukraine last week, her office said on Monday. In a statement issued after Truss’ first call with the Saudi crown prince since …

UK PM Truss thanks Saudi Crown Prince for role in release of British detainees Read More »

By Marie-Louise Gumuchian LONDON (Reuters) – From an Aston Martin DB5 stunt car to costumes worn by Daniel Craig in “No Time to Die”, an array of James Bond props and memorabilia are being offered at a charity auction soon as the film franchise celebrates 60 years. The two-part sale will be held as a …

Aston Martin stunt car, Daniel Craig costumes star at James Bond auction Read More »

LONDON (Reuters) – British lenders Virgin Money and Skipton Building Society on Monday temporarily withdrew their mortgage ranges for new customers because of the volatility in sterling funding markets, according to emails sent to brokers. “Following a number of changes in the market, we have made the decision to temporarily withdraw all our products for …

UK’s Virgin Money, Skipton temporarily withdraw mortgage products – emails to brokers Read More »

LONDON (Reuters) – The financial policy spokeswoman for Britain’s opposition Labour Party said she was incredibly worried about the fall in the pound overnight, saying it put pressure on the Bank of England to raise interest rates. Sterling tumbled nearly 5% to an all-time low against the U.S. dollar on Monday, before partly recovering, as …

UK Labour’s Reeves: ‘incredibly worried’ by fall in the pound Read More »