Bank of England suspends real-time payments system


LONDON - The Bank of England said on Monday that it had temporarily suspended its automated Real Time Gross Settlement payment system, which banks use to transfer large sums of money, and that it was handling major payments manually.


EU's Barroso warns Britain against 'historic mistake' on immigration rhetoric 12:25pm BST

LONDON - European Commission President Jose Manuel Barroso told British Prime Minister David Cameron on Monday he risked upsetting allies and losing international clout if he pursued an anti-immigration agenda designed to please domestic voters.


Fire closes UK power generation unit, squeezing electricity supply 11:16am BST

LONDON - A fire at a British power station close to London has closed a power generation unit, which could exacerbate Britain's already constrained electricity supply as winter approaches and demand rises.


UK's Prince William and wife Kate expecting baby in April 11:56am BST

LONDON - The second child of Britain's Prince William and his wife Kate is due to be born in April, his office announced on Monday.


France shows UK grocers how to beat discounters at own game 1:42pm BST

PARIS/BERLIN - The success of French retailers in stopping the advance of discounters in the last five years shows a way out of the crisis embroiling Britain's "big four" grocers. Their simple formula: fewer complex promotions and big price cuts across the board.


Bank of England's Cunliffe says banks may have to cut pay 12:51pm BST

LONDON - Banks may have to cut pay because they are unlikely to see again the high rate of returns they enjoyed before the financial crisis, Bank of England Deputy Governor Jon Cunliffe said on Monday.


Britain says EU must offer 'meaty' reform deal to keep it in 17 Oct 2014

LONDON - The European Union must give Britain a "meaty" reform deal if it wants it to stay in the bloc, Foreign Secretary Philip Hammond said on Friday, predicting the EU would have to change "whether it likes it or not".

Political worries grow for UK, forecasters say 19 Oct 2014

LONDON - Business investors are increasingly worried about political risks in Britain, including the outcome of a national election in May and a possible referendum on European Union (EU) membership, an economic forecasting firm said.

British police to join Thai investigation into tourist murders 18 Oct 2014

BANGKOK - Thailand has agreed to allow British police to join an investigation into the murder of two backpackers on a Thai island, after local authorities came under criticism for their handling of the case.


Britain may use mediaeval treason law to tackle Islamist fighters 17 Oct 2014

LONDON - Britain may use a mediaeval law dating to 1351 to charge citizens with treason if they go to fight with Islamic State insurgents in Iraq and Syria, Foreign Secretary Philip Hammond said.