British Business - Nov 20
Nov 20 (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
- The introduction of higher national insurance tax on employers poses "uncertainty" for future interest rate cuts, Bank of England Governor Andrew Bailey has warned.
- Andrea Baldo, the new boss of Mulberry MUL.L, has said that he will "right-size" the business and lower the prices of its handbags as part of a plan to turn around the struggling British luxury goods seller.
The Guardian
- Minecraft has struck a deal with UK-headquartered Merlin Entertainments - Europe's largest theme park operator, in which the company will invest 85 million pounds ($107.8 million) to open themed rides, attractions, hotel rooms and retail outlets, starting with the UK and U.S.
- The staff have resigned at UK's Starling Bank after its new chief executive Raman Bhatia demanded thousands of workers attend its offices more frequently despite lacking enough space to host them.
The Telegraph
- Britain's The Guardian is braced for strike action after journalists voted overwhelmingly in favour of a walkout in protest over plans to sell The Observer to Tortoise Media, a loss-making startup.
- UK Prime Minister Keir Starmer claimed that the BBC has backed him over the inheritance tax raid on farmers, prompting accusations of bias.
Sky News
- The scandal-hit Post Office has moved to cut its senior leadership team by half under efforts to reduce costs and bolster the business's damaged culture.
- UK Home secretary Yvette Cooper told the Treasury has said it will "ensure" police forces will not lose out as a result of changes in employers' contributions brought in as part of last month's budget.
($1 = 0.7883 pounds)
(Compiled by Bengaluru newsroom)
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