News Digest – UK Business – 7 October

Oct 7 (Reuters) – Here are the headlines from the business pages of British newspapers. Reuters has not verified the reports and does not guarantee their accuracy.


– The Prince and Princess of Wales arrive in Northern Ireland, their first contact since the Queen’s death, as they take on greater challenges and responsibilities under their new titles.

– Last week, the Bank of England was forced to intervene in bond markets to avoid a crisis that could lead to a £50bn ($55.75bn) gilt fire sale that could trigger a full-blown economic crisis.


– The GP service, a provider of cancer care and mental health treatment, could face redundancies due to a £7bn ($7.8bn) budget shortfall for the National Health Service (NHS) next year, its finance chief said .

– A senior adviser to the Biden administration urged Britain not to spark more “outbreaks” in Northern Ireland if Brexit talks restarted in London.

The Daily Telegraph – Royal Mail is shifting monthly payments into its pension scheme to help prevent a cash crunch after mini-budgets roiled key money markets. – Boris Johnson’s pro-Brexit Conservative Party will be appointed to the House of Lords within days to reduce the chances of Conservative legislation being defeated.

sky news

– Britain’s largest mortgage lender will urge the chancellor to extend the government’s home loan scheme to help first-home buyers get on the property ladder

– National Grid’s Electricity System Operator (ESO) has warned that in the “unlikely” scenario some parts of the UK could experience a planned three-hour blackout due to a lack of gas supplies.

($1 = £0.8969) (Compiled by Bangalore Newsroom)

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