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Top StoriesFrench Diplomats Strike Over Reforms, Cost Cuts
Top StoriesBritain Tells Airlines to Stop Selling Flights They Can’t Deliver
Top StoriesReforms, Cost Cutting and Malaise Push French Diplomats to Strike
UncategorizedFactbox-What Is a Windfall Tax and When Has Britain Used It?
Pound Steady Near 3-week Highs, UK Household Support Plan Eyed
Date: May 26, 2022
LONDON (Reuters) – Sterling held near its highest levels in three weeks on Thursday, with traders awaiting more details on the British government’s response to a cost-of-living crisis. Sterling has been hit hard in recent weeks by growing fears that Britain’s economy is heading towards recession and analysts said any signs of government support could...
Factbox-What Are the Findings From a Report Into Lockdown Parties in Downing Street?
Date: May 25, 2022
LONDON (Reuters) – Britain published on Wednesday a long-awaited report into lockdown-breaching parties held at Prime Minister Boris Johnson’s Downing Street office which led police to hand out 126 fines and threatened his grip on power. Below are the main findings: THE CULTURE “At least some of the gatherings in question represent a serious failure...
Sri Lanka’s Prime Minister Takes on Crucial Finance Ministry Portfolio
Date: May 25, 2022
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s Prime Minister Ranil Wickremesinghe will hold dual charge as finance minister, the president’s office announced on Wednesday, and will lead talks with the International Monetary Fund (IMF) as the crisis-hit nation seeks a bailout. “Prime Minister Ranil Wickremesinghe was sworn in as finance, economic stabilisation and national policies...
UK Borrowing for 2021/22 Revised Down by 7 Billion Pounds
Date: May 24, 2022
By David Milliken LONDON (Reuters) -British public borrowing for the last financial year was revised down by more than 7 billion pounds on Tuesday, giving the government some extra leeway as it considers how much more relief to provide in the cost of living crisis. Finance minister Rishi Sunak is under growing political pressure to...
Long Fuel Queues Persist in Sri Lanka Despite Scramble to Deliver Supplies
Date: May 23, 2022
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) – Long queues snaked around gas stations in Sri Lanka’s commercial capital and its outskirts on Monday even though the island nation’s government was scrambling to deliver fuel supplies and douse any unrest as it battles a devastating economic crisis. Kanchana Wijesekera, Sri Lanka’s minister for power...
UK Not Going to Bring Back Temporary Increase to State Benefits -Minister
Date: May 23, 2022
LONDON (Reuters) – Britain’s government is not going to bring back a temporary increase to state benefits, introduced at the height of the coronavirus pandemic, as part of plans to tackle a cost-of-living crisis, a junior finance minister said on Monday. Britain increased Universal Credit, benefit for unemployed and low-paid people, by 20 pounds ($25)...