PRESS DIGEST-British Business - December 1

Reuters
2025/12/01
PRESS DIGEST-British Business - December 1

Dec 1 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

- British ministers have accused British Prime Minister Keir Starmer and Finance Minister Rachel Reeves of misleading the cabinet about the state of public finances to justify tax rises.

The Guardian

- British Prime Minister Keir Starmer said Labour's economic plan will take years to deliver in full as he defended 26 billion pounds ($34.39 billion) in tax rises announced in last week's budget.

- British Finance Minister Rachel Reeves denied misleading the public ahead of last week's budget as opposition MPs called for her resignation over record tax rises.

The Telegraph

- Amazon AMZN.O has cut back plans for unmanned drone deliveries in the UK, halving expected flight frequency at its first site as it awaits regulatory approval.

- Reform UK's Nigel Farage has asked the UK's ethics adviser to investigate whether British Finance Minister Rachel Reeves breached the ministerial code by misleading the public over the state of public finances ahead of her Budget.

Sky News

- A Netflix NFLX.O senior executive, Emma Lloyd, is among candidates shortlisted to succeed Alex Mahon as chief executive of UK broadcaster Channel 4.

- Britain is set to appoint independent investment bank Evercore EVR.N in the coming weeks to review options for its struggling steel industry after taking control of the country’s second-largest producer. ($1 = 0.7556 pounds)

($1 = 0.7560 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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