Reuters UK Domestic

UK refuses to publish security advice around Lebedev’s appointment to upper chamber

By Andrew MacAskill LONDON (Reuters) -The British government has refused to publish the advice Prime Minister Boris Johnson received from security services before the British-Russian media boss Evgeny Lebedev was appointed to parliament’s upper chamber citing national security. Johnson has come under political pressure over his friendship with Lebedev, and the opposition Labour Party won …

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London stocks slump as recession risks dent appetite

By Bansari Mayur Kamdar (Reuters) -UK shares dropped on Thursday as risk appetite shrank after data showed the British economy weakened in March, and persistently hot U.S. inflation data exacerbated investors’ fears of aggressive rate hikes. The blue-chip FTSE 100 closed 1.6% lower, while the domestically-focused mid-cap index slipped 0.9%. Oil majors BP and Shell …

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EU says it will protect Ireland’s single market status – Euronews

LONDON (Reuters) – The European Union will do its utmost to protect Ireland’s single market membership, and it is unacceptable that a third country could jeopardise anyone’s EU status, European Commission Vice-President Maros Sefcovic said on Thursday. “We will do our utmost to protect the place of Ireland in the single market,” he told Euronews. …

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UK will “do things” to help ease cost-of-living crisis, PM Johnson says

LONDON (Reuters) – British Prime Minister Boris Johnson said on Thursday that his government would “do things” in the short term to help Britons with a cost-of-living crisis, without going into any details on what the measures could be. “We will do things to help people in the short term, of course, and I’m not …

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BP CEO says longer term investment depends on fiscal stability

LONDON (Reuters) -A windfall tax on energy companies would not change BP’s 18 billion pound ($22 billion) investment plans in Britain to 2030, although fiscal instability would be disruptive in the longer term, Chief Executive Bernard Looney said on Thursday. Britain’s Conservative government has rejected calls by the opposition Labour Party to levy a windfall …

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UK tells EU: Without flexibility, we will act on N.Ireland

By William James and Elizabeth Piper LONDON (Reuters) -Britain warned it might be forced to “act” in a row with the European Union over post-Brexit trade rules for Northern Ireland, raising the risk of commercial strife and deepening a standoff stirring U.S. concerns for peace in the province. Foreign Secretary Liz Truss said on Thursday …

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UK names LSE academic Dhingra to BoE rate-setting committee

By David Milliken and Andy Bruce LONDON (Reuters) -Swati Dhingra, an associate professor at the London School of Economics, will join the Bank of England’s Monetary Policy Committee in August after the term of Michael Saunders ends, Britain’s finance ministry said on Thursday. Dhingra, 41, will serve a three-year term on the MPC, which sets …

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Ireland says Britain unnecessarily ratcheting up tensions with EU

DUBLIN (Reuters) – Ireland’s Foreign Minister on Thursday accused the British government of unnecessarily ratcheting up tensions with the European Union, which he said would destroy trust and force Brussels to react. “Unfortunately what we have seen, particularly over the last 48 hours, is a completely unnecessary ratcheting up of tension at a time when …

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UK seeks labour market solutions to ease cost-of-living crisis

LONDON (Reuters) -Britain launched a review into its labour market to find ways to ensure workers benefit from Brexit, “Levelling Up” policies and its net zero ambitions, seeking longer-term solutions to a cost-of-living crisis. “Tackling the economic challenges of today means helping more people into high-wage, high-skilled jobs and this review will look at how …

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