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PRESS DIGEST-British Business - Oct. 21

·2 min read

Oct 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

Rishi Sunak is understood to be planning an extension of a coronavirus loan guarantee scheme to help protect businesses next year amid signs that Britain's economic recovery has lost momentum. https://bit.ly/3C7Qhic

Further coronavirus restrictions will be needed if people do not have a booster jab and get serious about facemasks, Sajid Javid, the health secretary, said on Wednesday as he predicted cases could reach 100,000 a day. https://bit.ly/3C2sVuc

The Guardian

Lloyds Banking Group is closing a further 48 branches, in a move condemned by a trade union as a "classic example of putting profits before people". https://bit.ly/3jo3xrr

Yara, one the world's largest fertiliser makers, warned on Wednesday the global energy crisis could escalate into a world food crisis leading to famine in vulnerable countries unless urgent action is taken. https://bit.ly/2Z7Dk98

The Telegraph

Britain could sell missiles to Ukraine for the first time after it emerged on Wednesday night that the two countries were discussing the supply of arms. https://bit.ly/3C2tT9O

British fashion house Burberry has named Jonathan Akeroyd as its new chief executive officer from next April, poaching the boss of Milan-based Versace and former Alexander McQueen head to succeed Marco Gobbetti. https://bit.ly/3C2vLPS

Sky News

Petrol retailers have been accused of "taking a bigger cut" by a motoring group after warning that record pump prices are expected within days. https://bit.ly/3vtrBhi

British sheep farmers could face increased competition from New Zealand lamb imports as a consequence of a free-trade deal which has been secured and hailed as "great" by Prime Minister Boris Johnson. https://bit.ly/3aYsaGK

The Independent

New taxes on wealth would raise up to 86 billion pounds ($118.87 billion) a year, allowing the government to avoid spending cuts and "rebuild Britain", a report by Labour MPs says. https://bit.ly/3ndkIwX

The full new state pension is predicted to rise by 5.55 pounds per week next year, in line with the latest inflation figures. https://bit.ly/3vCSjEn

($1 = 0.7235 pounds) (Compiled by Bengaluru newsroom)

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