United Kingdom


May had warned Brexit could cause businesses to exit UK - Guardian


Prime Minister Theresa May had warned privately that companies would leave Britain if the country voted in favour of Brexit, the Guardian newspaper reported, citing a recording of the remarks she made to Goldman Sachs last May.


City of London calls for post-Brexit banking rules that aid competitiveness 12:12am BST

LONDON London's financial district has called for a regulatory regime in the UK that does not harm competitiveness as bankers fear that being outside the European Union will reduce the capital's clout in global markets.


May defies critics to back new $22 billion Heathrow runway 25 Oct 2016

LONDON Britain backed a $22 billion (18.06 billion pounds) expansion of London's Heathrow Airport on Tuesday, ending 25 years of indecision with an ambitious plan to boost global trade links following the vote to leave the European Union. | Video


Carney says cannot ignore 'fairly substantial' sterling drop 25 Oct 2016

LONDON Chancellor Mark Carney said on Tuesday that there were limits to the central bank's ability to ignore the effect of sterling's slide on inflation, as policymakers consider whether to cut interest rates next week.


BoE's Carney says some global bank capital reforms will be cut 25 Oct 2016

LONDON A key element of new bank rules, widely criticised by the finance industry for unnecessarily bumping up capital requirements, will be radically cut back, Bank of England Governor Mark Carney said on Tuesday.


UK whisky lobby head steps down to help foreign minister with Brexit 25 Oct 2016

EDINBURGH The head of a group representing Scotland's whisky industry will become a close aide to British Foreign Minister Boris Johnson, part of a drive to strengthen Britain's diplomatic and trading clout as it leaves the European Union.


Carney says UK-EU trade links could be global template 25 Oct 2016

LONDON Britain's future trading relations in financial services with the European Union could be a template for a global regulatory system, Bank of England Governor Mark Carney said on Tuesday.


Highlights - Bank of England's Carney speaks in parliament 25 Oct 2016

LONDON Bank of England Governor Mark Carney spoke to a committee of lawmakers from the House of Lords in Britain's parliament on Tuesday.

MP from May's party resigns after Heathrow decision 25 Oct 2016

LONDON Conservative lawmaker Zac Goldsmith, a vocal opponent of the expansion of Heathrow Airport, on Tuesday notified the government of his decision to resign from parliament, the finance ministry said in a statement.


British Airways welcomes plans to cap charges at expanded Heathrow 25 Oct 2016

LONDON The chief of British Airways-owner IAG welcomed Britain's commitment to cap airline charges in its plans to build a new runway at Heathrow.