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PRESS DIGEST-Financial Times – Jan 10

January 10, 2023
in Finance
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Jan 10 (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 and EU make breakthrough in ‘constructive’ talks on N Ireland trade

– Ministers examine new pay plan for NHS staff in England

– Energy support scheme for UK business set for big cut

– Britishvolt seeks lifeline with sale of majority stake

Overview

– The UK and the European Union have secured a breakthrough in the their dispute over Northern Ireland’s post-Brexit trading relations, possibly opening a possibility to resolve the longstanding issue.

– UK Health secretary Steve Barclay is considering trade union proposals to backdate the coming year’s NHS pay rise to January 2023, and for a lump-sum payment to staff, in a new government effort to end the stream of strikes.

– The UK government is cutting the support it gives companies with their energy bills, however, extending it for another year from April at a cost of 5.5 billion pounds ($6.70 billion), ministers announced on Monday.

– Britishvolt is in talks to sell a majority stake to a consortium of investors for more than 150 million pounds, potentially saving the battery manufacturer.

($1 = 0.8212 pounds) (Compiled by Bengaluru newsroom)

Credit: Source link

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