Yahoo Finance PRESS DIGEST-British Business - Oct. 2
Oct 2 (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
- UK Prime Minister Rishi Sunak has been forced to rule out the deployment of British troops to Ukraine after the Kremlin vowed to "ruthlessly eliminate" any soldier sent there.
- UK Prime Minister Rishi Sunak needs to give voters an agenda they can believe in before Christmas if he is to win the next election, says Houchen of High Leven, the most senior elected Tory in the north of England.
The Guardian
- The British government has admitted it will cost businesses 330 million pounds ($402.07 million) each year in additional charges when new post-Brexit border controls on animal and plant products imported from the European Union are implemented next year.
- The future of several prestige transport projects, including a planned 9 billion pounds road tunnel under the Thames, are in increasing doubt after prime minister Rishi Sunak failed to commit to building the northern section of the HS2 high-speed rail line to Manchester.
The Telegraph
- Benefits claimants who refuse to look for work will face harsher punishments under a crackdown to be announced by UK Chancellor Jeremy Hunt on Monday.
- Ben Wallace has revealed that he asked UK Prime Minister Rishi Sunak 2.3 billion pounds more on military support for Ukraine before departing as defence secretary.
Sky News
- The prominent financier Jonathan Rowland is to take the challenger bank he co-founded six years ago onto the London stock market through a reverse takeover of another business set up by his family.
- Number 10, Downing Street could bring forward a decision on HS2 to this week after questions about the line eclipsed the Conservative Party conference.
The Independent
- Energy customers who owned a home battery earned up to 25.60 pounds for selling their electricity back to the grid in a first-of-its-kind for the UK trial last winter.
- UK retailers are being urged to join a Fairtrade initiative that would ensure banana workers earn their country's living wage as a minimum.
($1 = 0.8207 pounds) (Compiled by Bengaluru newsroom)
