Business

"BoE Chief Cautions Reeves Against Excessive Bank Rule Relaxation"

"BoE Chief Cautions Reeves Against Excessive Bank Rule Relaxation"

Bank of England Governor Cautions Against Major Relaxation of Banking Rules The governor of the Bank of England has cautioned the chancellor, Rachel Reeves, against significantly weakening financial regulations for the banking sector, warning that doing so could repeat the errors that contributed to the 2008 financial crisis. Andrew Bailey

"UK secures private investment for £38bn Sizewell C nuclear project"

"UK secures private investment for £38bn Sizewell C nuclear project"

The UK government has finalized an agreement worth over £38 billion with private investors to support the country’s largest nuclear initiative in decades at the Sizewell C site in Suffolk. The deal, long in the making, includes funding from the UK government, the French energy company EDF—which is

"UK borrowing exceeds forecasts, tightening squeeze on Rachel Reeves"

"UK borrowing exceeds forecasts, tightening squeeze on Rachel Reeves"

The UK government borrowed more than anticipated in June, adding pressure on the chancellor, Rachel Reeves, to address the country's financial situation. Data from the Office for National Statistics (ONS) revealed that public sector net borrowing increased to £20.7bn—up by £6.6bn compared to the same

"England and Wales' 'broken' water sector to face stricter oversight from new regulator"

"England and Wales' 'broken' water sector to face stricter oversight from new regulator"

England and Wales’ struggling water sector is set for stricter oversight after a major review, which includes plans for a new regulatory body to address past failures. Following what the report’s author, Sir Jon Cunliffe, described as a crisis moment for water and sewage companies, the government revealed it

"London Stock Exchange mulls 24-hour trading to boost market activity"

"London Stock Exchange mulls 24-hour trading to boost market activity"

The London Stock Exchange Group (LSEG) is reportedly evaluating the possibility of introducing round-the-clock trading, as part of efforts to enhance the appeal of the UK market for investors. LSEG, which oversees Britain’s primary stock exchange, is assessing the feasibility of extending trading hours, according to sources cited in

Ryanair considers boosting staff rewards for catching oversized bags

Ryanair considers boosting staff rewards for catching oversized bags

Ryanair is reviewing the possibility of raising incentives for employees who identify passengers carrying oversized luggage, according to its CEO. The low-cost airline currently pays workers roughly €1.50 for stopping customers from taking improperly sized bags on board. Reports from the Sunday Times, based on a former worker’s

"New 'strong' water regulator to replace 'ineffective' Ofwat in bid to 'overhaul' industry"

"New 'strong' water regulator to replace 'ineffective' Ofwat in bid to 'overhaul' industry"

A new, more effective regulatory body should replace Ofwat, the Drinking Water Inspectorate, and the Environment Agency to reform a sector marred by controversies over sewage pollution and financial instability, according to a key review. The government is likely to accept the proposal for England and Wales, outlined in the