UK bank accused of ‘criminal complicity’ in South Africa scandal – BBC News

UK bank accused of ‘criminal complicity’ in South Africa scandal – BBC News

Image copyright PA Lord Peter Hain has said a UK bank should be investigated for “possible criminal complicity” in connection with corruption allegations in South Africa. Lord Hain told the House of Lords he had sent print-outs of transactions and named the bank concerned in a letter to Chancellor Philip Hammond. He said the bank […]

UK manufacturing growth was stronger in October, says PMI survey … – BBC News

UK manufacturing growth was stronger in October, says PMI survey … – BBC News

Image copyright Getty Images British manufacturers reported stronger growth in October, driven by higher domestic demand and export orders. The IHS Markit/CIPS purchasing managers’ index (PMI) rose to 56.3 last month, from 56 in September. A reading above 50 indicates expansion. It was the fifteenth consecutive month of expansion for the sector, and will fuel […]

UK defense minister Fallon resigns, citing past behavior – Reuters

LONDON (Reuters) – British defense minister Michael Fallon quit on Wednesday saying his conduct had fallen below the high standards demanded of his position, the first resignation in a sexual harassment scandal in parliament. Prime Minister Theresa May, weakened after losing her parliamentary majority in a June election, loses a loyalist at a time when […]

National Audit Office to examine UK’s Brexit divorce bill – The Guardian

Whitehall’s spending watchdog will scrutinise Britain’s Brexit divorce bill to make sure it represents value for taxpayers’ money, ministers have been told. Sir Amyas Morse, head of the National Audit Office, told the Treasury select committee that he will examine whether the bill, which is estimated to cost anything between £30bn and £90bn, represents value […]

Tackle UK’s north-south divide with pledge on infrastructure, say experts – The Guardian

Britain’s north-south divide should be tackled by a government pledge in its new industrial strategy to provide every citizen with decent transport, schools, hospitals and digital access, an expert body says. The independent industrial strategy commission on Wednesday urged ministers to tackle Britain’s regional imbalances by committing to universal basic infrastructure – a guaranteed standard […]

‘In the UK, it’s about survival’: Why UK publishers aren’t going all-in on video – Digiday

‘In the UK, it’s about survival’: Why UK publishers aren’t going all-in on video – Digiday

While publishers in the U.S. have “pivoted to video” in droves, those in the U.K. haven’t done so to the same degree, due to a smaller market, fewer VC-backed publishers and comparatively less reliance on Facebook. The much-mocked term “pivot to video” has become a catch-all phrase for replacing text-based journalists with video specialists. Since […]

Brexit fails to dent UK as a top place to do business – Telegraph.co.uk

Britain has maintained its place as one of the top 10 countries in the world for ease of doing business despite worries that political turmoil and the Brexit negotiations could dent the country’s appeal to companies. The UK is the seventh best place to do business, according to the World Bank’s annual report on competitiveness. […]