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UK

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UK deputy PM Lammy leaves government

Bermuda Broadcasting Newsdesk -
Business minister Peter Kyle also left government International News via Reuters: UK Deputy Prime Minister David Lammy left government on Monday after Andy Burnham took over...
News - World

UK’s Thames Water creditors prepare legal challenge if Burnham pursues nationalisation

Bermuda Broadcasting Newsdesk -
Burnham has repeatedly said that public ownership is the best solution for Thames Water, which has been fighting for survival for years after successive...
Finance

UK markets position for Burnham premiership, yields tick up, sterling strengthens

Bermuda Broadcasting Newsdesk -
Burnham, who will be Britain's seventh prime minister in a decade, will face an array of challenges in his new role — from a...
Finance

Britain’s FTSE 100 slips on Middle East tensions; Burnham takes office

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.5% to 10,543.91 points by 1052 GMT, while the midcap FTSE 250 slipped 0.1% International News via Reuters: London's FTSE...
News - World

As Starmer bows out, Andy Burnham set to become UK prime minister

Bermuda Broadcasting Newsdesk -
Starmer, who was ousted by his Labour lawmakers about a month ago, said his work as prime minister was "the privilege of my life"...
News - World

Andy Burnham becomes British Labour leader; next stop — prime minister

Bermuda Broadcasting Newsdesk -
Burnham, who earned the regal moniker for his determination as mayor of Greater Manchester to defend the region's interests, told a special conference on...
News - World

UK finance firms sharpen staff scrutiny as new misconduct regime looms

Bermuda Broadcasting Newsdesk -
The Financial Conduct Authority (FCA) is amending conduct rules and fitness-for-office tests to add serious, work-related bullying, harassment and violence against colleagues in 37,000...
Finance

UK’s FTSE 100 flat as energy gains offset banks; Burnham set to become prime minister

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index rose 0.04% to 10,576.97 by 1043 GMT, while the midcap FTSE 250 slipped 0.4% International News via Reuters: London's FTSE 100...
Finance

Sterling hovers around two-month high as fiscal concerns ease

Bermuda Broadcasting Newsdesk -
Britain's economy eked out minimal growth in May as the services industry expanded but other sectors shrank, suggesting fragile confidence among businesses International News via...
News - World

Britain nationalises British Steel to protect domestic steelmaking

Bermuda Broadcasting Newsdesk -
The move is the latest in a series of measures Britain has taken to support its steel industry, including a new set of tariffs...
News - World

UK’s incoming prime minister Burnham to name Mahmood as finance minister, FT reports

Bermuda Broadcasting Newsdesk -
Mahmood has little economic policy experience and has taken a tough line on immigration, but she is further to the right in the governing...
News - World

Incoming UK budget office head sees higher interest rates and weaker growth than consensus

Bermuda Broadcasting Newsdesk -
Britain's exposure to the jump in energy prices caused by the Iran war could cause high inflation to become embedded in the economy for...
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