Financial Times - August 27
Aug 27 (Reuters) -The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- UK business groups call for automatic compensation for broadband outages
- UK government to extend hardship fund for struggling households
- UK’s new state-owned energy company starts hiring
- KPMG wins 223 mln STG UK government contract amid plans to cut consultant spending
Overview
- Several large British business groups have called on the UK communications regulator to establish an automatic compensation scheme for companies affected by broadband outages, a move they argue will boost the country's economic growth and productivity.
- The British government is set to extend a key hardship fund to help struggling households in England, as chancellor Rachel Reeves comes under growing pressure to soften her plan to axe winter fuel payments for millions of pensioners.
- The UK government has started recruiting staff for GB Energy, with plans to unveil the much-anticipated location for the Scotland-based state-owned company’s headquarters next month.
- KPMG has won a UK government contract worth up to 223 million pounds ($294.00 million) to train civil servants, the second-largest public sector contract ever awarded to the Big Four firm, before the Treasury set out plans to drastically reduce Whitehall's reliance on external consultants last month.
($1 = 0.7585 pounds)
(Compiled by Bengaluru newsroom)
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