Monday, 23 October 2017

Tag Archives: UK

Ofgem says will work with government to lower energy prices


LONDON: May stunned the industry last week when she announced a plan to impose price caps on standard variable tariffs (SVT), the basic rate that energy suppliers charge if a customer does not opt for a specific fixed-term deal. Around 70 percent of households are on SVTs. Regulator Ofgem had ...

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Trade mission: London Mayor Sadiq Khan to visit Pakistan, India


LONDON: London Mayor Sadiq Khan will visit India and Pakistan later this year to promote the UK capital and build trade and cultural links, his office said in a statement. The London mayor will tell the governments and business leaders that London is still open to people from across the ...

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UK attracting record number of tourists


Tourism is booming in the UK with nearly 40 million overseas people expected to have visited the country during 2017 – a record figure. Tourist promotion agency VisitBritain forecasts overseas trips to the UK will increase 6% to 39.7 million with spending up 14% to £25.7bn this year. Britons are ...

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Mesmerising air show marks 70 years of PAK-UK ties


LONDON/KARACHI: The UK’s Royal Air Force Aerobatic Team, commonly known as the Red Arrows, put on a dazzling air show in Karachi, marking 70 years of friendship between the United Kingdom and Pakistan. The event took place at Sea View Beach and was open to the public. The Red Arrows are ...

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Toyota plans to build new Auris in UK

Toyota Auris

LONDON: Toyota intends to build the next version of its Auris car at its UK car plant on the assumption that the government secures a transitional Brexit deal, two sources familiar with the matter told Reuters. The final decision is due to be made by the end of the year, ...

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RBS Head Says Banks Need Brexit Transition Details by Early 2018

Howard Davies

MANCHESTER: Royal Bank of Scotland Group Plc Chairman Howard Davies said details of a post-Brexit transitional deal with the European Union need to be outlined in the next five months to stop more financial-services jobs from leaving London. “If there are no details by the first quarter of next year, ...

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Food safety probe extends to Scunthorpe chicken factory


BRADFORD: The Food Standards Agency (FSA) has extended its investigation into alleged safety failures by the 2 Sisters poultry group to the company’s Scunthorpe factory on the Foxhills Industrial Estate. The move follows an initial inspection by the FSA into the hygiene and labelling concerns raised by an undercover investigation ...

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UK house prices hit their highest on record


LONDON: The average UK house price hit £225,109 in September – its highest on record, according to a closely-watched survey. Halifax’s house price index showed prices grew at their fastest rate since February in the three months to September, rising 1.4 per cent on the previous three months. On an ...

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Theresa May announces £2bn for council homes expansion

Theresa May

MANCHESTER: Councils and housing associations have welcomed government plans to spend £2bn on a “new generation” of council houses and affordable homes for rent. In her conference speech, Theresa May pledged to dedicate her premiership to fixing the “broken” housing market. The state, she said, must get “back in the ...

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