Reuters UK Domestic

UK jobless rate lowest since 2019, but labour market signals some cooling

By William Schomberg and David Milliken LONDON (Reuters) -Britain’s jobless rate slipped further below its level immediately before the coronavirus pandemic, underscoring the risk of inflation pressure in the labour market that has the Bank of England on alert. The unemployment rate fell to 3.8% in the three months to February, matching its level in …

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UK watchdog probes Deloitte audit of transport firm Go-Ahead

LONDON (Reuters) -Britain’s accounting watchdog said on Tuesday it has opened an investigation into Deloitte’s auditing over six years of Go-Ahead, a bus and rail company which was fined by the government for overcharging. The Financial Reporting Council said in a statement it has started the investigation into the audit conducted by Deloitte, one of …

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UK says ‘all options are on the table’ if Russia uses chemical weapons in Ukraine

LONDON (Reuters) -All options would be on the table in how the West responds to any use of chemical weapons in Ukraine by Russia, British armed forces minister James Heappey said on Tuesday. British Foreign Secretary Liz Truss said on Monday Britain was working with its partners to verify the details of reports that Russian …

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UK audit watchdog to reclaim more powers for itself, says source

By Huw Jones LONDON (Reuters) – Britain’s auditing regulator will propose as soon as later this week to strengthen its ability to punish poorly performing auditors of publicly listed companies, a person familiar with the matter said on Monday. The Financial Reporting Council (FRC) is due to propose “reclaiming” authorisation powers over audit firms such …

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Russian oil embargo could be part of next EU sanctions package, ministers say

LUXEMBOURG (Reuters) -The European Union’s executive is drafting proposals for an EU oil embargo on Russia, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there was no agreement to ban Russian crude. Many of the ministers meeting in Luxembourg showed support for sanctions on Russian oil imports, the EU’s top …

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Ukraine says troops still holding out in besieged Mariupol

(Adds Ukrainian commander, Austrian Chancellor) By Maria Starkova LVIV, Ukraine (Reuters) – Ukraine said on Monday its forces were still holding out in the port of Mariupol, where Russia was renewing its assault in a siege believed to have killed thousands of trapped civilians. “Communication with the units of the defence forces heroically holding the …

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Britain’s wheat imports rise in February

LONDON (Reuters) – Britain’s wheat imports rose in February but continue to run below last season’s pace, customs data showed on Monday. Wheat imports for the month totalled 123,746 tonnes, up from 112,585 tonnes in January. Denmark was the largest supplier in February, shipping 64,390 tonnes followed by Germany with 40,222 tonnes. Cumulative imports since …

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