LONDON (Reuters) – British inflation has hit a 10-year high as household energy bills rocket, bolstering expectations the Bank of England will raise interest rates in December just weeks after it rocked markets by keeping borrowing costs on hold. Consumer…
Read MoreUK economy withstands end of jobs support, easing BoE worries
LONDON (Reuters) – Britain’s job market withstood the end of the government’s furlough scheme last month, according to data which could ease lingering concerns at the Bank of England about the risks of raising interest rates from their pandemic low.FILE…
Read MoreGrocery price rises turn up heat on British consumers -Kantar research
LONDON (Reuters) – British grocery price inflation was 2.1% in the four weeks to Oct. 31, its highest level since August 2020, market researcher Kantar said on Tuesday, adding to the pressure on household finances.FILE PHOTO: A woman shops at…
Read MoreBritain tracked Chinese submarines and was ready to intercept jets in South China Sea, officers reveal
Britain tracked Chinese submarines from its flagship aircraft carrier and was ready to intercept Chinese jets in the South China Sea if required, officers have revealed. Frigates and helicopters operating with HMS Queen Elizabeth were able to locate the underwater…
Read MoreFrance, Britain locked in fishing standoff as Brexit tensions mount
LONDON/LE HAVRE, France (Reuters) -Britain threatened on Friday to board French fishing boats and France stood by a plan to impose sanctions on British vessels in a deepening row over post-Brexit fishing rights.A British trawler Cornelis Gert Jan is seen…
Read MoreBrexit: French Agriculture Minister says no progress in fishing talks with UK
FILE PHOTO: French fishermen repair their nets at Boulogne-sur-Mer after Britain and the European Union brokered a last-minute post-Brexit trade deal, northern France, December 28, 2020. REUTERS/Charles PlatiauPARIS (Reuters) – French Agriculture Minister Julien Denormandie told France 2 TV on…
Read MoreG7 finance ministers make some progress on tax deal, UK says
LONDON (Reuters) – Finance ministers from the Group of Seven said they made some progress on Wednesday at reaching a joint position on a landmark global corporate tax deal, days before it needs to win over a wider international audience.FILE…
Read MoreBoE sees growing case for rate rise as inflation outlook darkens
LONDON (Reuters) -The Bank of England said the case for higher interest rates “appeared to have strengthened” on Thursday after it nudged up its forecast for inflation at the end of the year to over 4%, more than twice its…
Read MorePrivate Equity Firms All Want the Same Thing: British Companies
LONDON — It began as a market stall in West Yorkshire, selling eggs and butter just before the turn of the 20th century. Today that market stall is Morrisons, Britain’s fourth-largest supermarket chain, with nearly 500 stores and the prize…
Read MoreUK accounting watchdog plans to bolster audit firm governance
FILE PHOTO: A sign for Bank Street and high rise offices are seen in the financial district in Canary Wharf in London, Britain, October 21, 2010. REUTERS/Luke MacgregorLONDON (Reuters) -Britain’s accounting watchdog plans to strengthen “significantly” its audit firm governance…
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