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Oct 7 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and cannot be verified for their accuracy.
The Times
– The Prince and Princess of Wales arrive in Northern Ireland for the first time since the Queen’s death as they take on the challenges and responsibilities of their new titles.
– The Bank of England was forced to intervene in the bond market last week to prevent a fire sale of about 50 billion pounds ($55.75 billion) of gilts that could lead to a full-blown economic crisis.
The guard
– GP services, the provider of cancer care and mental health treatment, could be cut by up to £7 billion ($7.80 billion) in the National Health Service (NHS) next year due to a budget shortfall, the health service’s finance chief said.
– A senior adviser to the Biden administration has urged the UK not to create further “confrontation” over Northern Ireland as Brexit talks reopen.
The Telegraph – Royal Mail has transferred its monthly payments to its pension scheme to help prevent a financial crisis. – The Brexit-backing Conservatives, who backed Boris Johnson, will appoint a House of Lords within days to reduce the chances of Tory legislation being defeated.
Sky News
– The UK’s biggest mortgage lenders are urging the Chancellor to extend a government home loan initiative to help first-time buyers get on the property ladder.
– The National Grid Electricity System Operator (ESO) has warned that planned three-hour power cuts in some parts of the UK could be implemented in the “unlikely” event that gas supplies fall short of demand.
($1 = 0.8969 pounds) (Compiled by Bengaluru Newsroom)
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