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UK Headlines

Britain, South Korea in talks to protect crude oil trade

Britain and South Korea are in talks to protect an arrangement of tax breaks for Korean buyers of North Sea crude beyond Britain's upcoming exit from the EU, officials from both countries said, although a breakthrough does not look imminent.

Labour Party likely to seek broader BoE mandate if in power

Britain's opposition Labour Party would likely broaden the Bank of England's mandate to include factors such as employment but would not seek to remove the central bank's independence, Labour's finance policy chief John McDonnell said on Sunday.