• Mon. Dec 11th, 2023

UK Business News Roundup: November 20th Edition


Nov 20, 2023

Today, the business pages of British newspapers are abuzz with several top stories. The Times reports that the Barclay family is in talks to repay over 1.1 billion pounds owed to Lloyds Banking Group and regain control of The Daily and Sunday Telegraph newspapers. Additionally, investors at OpenAI are pushing for the reinstatement of Sam Altman as chief executive.

The Guardian mentions that the UK needs to invest in more laboratory space, improve transport links, and offer tax breaks to achieve Rishi Sunak’s ambition of becoming a science superpower. Union leaders are urging Tata Steel to keep a blast furnace at Port Talbot steelworks open until 2032 to avoid job losses.

The Telegraph reports that Dutch train start-up Heuro is in talks to raise around 1 billion euros and plans to launch a rival service to Eurostar running through the Channel Tunnel. Meanwhile, economists have suggested that Brexit has boosted wage growth in the UK.

According to Sky News, UK chancellor Jeremy Hunt will announce a review of the rules governing payment authentication as part of a post-Brexit crackdown on fraud.

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