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UK

News - World

UK’s FCA says parts of motor finance redress scheme suspended

Bermuda Broadcasting Newsdesk -
The regulator introduced the scheme in March to compensate motorists who were treated unfairly under motor finance arrangements between 2007 and 2024 International News via...
News - World

UK’s Currys warns memory chip shortage will push up prices

Bermuda Broadcasting Newsdesk -
Chief Executive Alex Baldock said AI and data centres were eating up the world's supply of silicon International News via Reuters: Higher prices for smartphones, laptops...
News - World

UK’s Starmer apologises to mothers and children traumatised by decades of forced adoptions

Bermuda Broadcasting Newsdesk -
An estimated 185,000 children were separated from their mothers in Britain International News via Reuters: British Prime Minister Keir Starmer on Thursday apologised to women forced...
Finance

Sterling hits one-year high versus euro; rallies as dollar takes yen hit

Bermuda Broadcasting Newsdesk -
The euro slipped to 85.47 pence, its lowest since June last year, and was last down 0.2% against the pound International News via Reuters: The pound...
News - World

UK house prices flat in June but outlook brightens, Nationwide says

Bermuda Broadcasting Newsdesk -
House prices rose by an annual 2.2% in June, below a 2.4% rise forecast in a Reuters poll of economists International News via Reuters: British annual...
News - World

UK sets out teacher pay hikes that should outpace inflation

Bermuda Broadcasting Newsdesk -
Teachers' pay will increase by 3.5% from September, and by 3% from September 2027, representing a cumulative 17% rise since the country's Labour government...
News - World

UK manufacturing activity cools despite stockpiling boost to output, PMI shows

Bermuda Broadcasting Newsdesk -
The final version of S&P Global's UK ‌Manufacturing Purchasing Managers' Index for June fell to 52.5, below a preliminary estimate of 53.1 and May's...
Finance

Pound falls as dollar forges higher ahead of Fed’s Warsh comments

Bermuda Broadcasting Newsdesk -
Sterling was down 0.23% at $1.3234, having risen for the past four days, marking its longest stretch of daily gains in a month International News...
Finance

London’s FTSE 100 inches lower on Middle East deal doubts

Bermuda Broadcasting Newsdesk -
The internationally focussed FTSE 100 index fell 0.1% by 0923 GMT, while the midcap FTSE 250 rose 0.4% International News via Reuters: The UK's blue-chip FTSE...
Finance

BoE’s Bailey sees no rush to act on interest rates

Bermuda Broadcasting Newsdesk -
Bailey said past increases in oil prices meant British inflation looked likely to rise to around 3.2% later this year from 2.8% in May,...
News - World

Food and transport systems are likely to take longer than energy markets to recover

Bermuda Broadcasting Newsdesk -
In what is most likely his last major policy announcement, Starmer said the plan had been sharpened and went further than a previous document...
News - World

Britain must invest £89 billion to upgrade power grid, operator says

Bermuda Broadcasting Newsdesk -
The latest National Energy System Operator estimate represents a rise of around 53% from a plan announced in 2024 International News via Reuters: Britain must invest...
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