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Scotland drops plan for immediate push for second independence vote

EDINBURGH Scotland’s devolved government has shelved its immediate plans to hold a second independence referendum until after the terms of Britain’s exit from the United Kingdom are clear, First Minister Nicola Sturgeon said on Tuesday. The Scottish parliament in March backed Sturgeon’s bid to hold a new referendum in 2018 or early 2019, but British […]

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Lloyds fraud victims bemoan ‘pyrrhic victory’ as compensation scheme drags

By Andrew MacAskill and Lawrence White| LONDON LONDON Lloyds Banking Group is set to miss an end-June deadline for offering compensation to victims of one of Britain’s largest fraud cases, the latest delay in a decade-long struggle by business owners for redress. Two former bankers at Lloyds’ HBOS Reading business were among those jailed in […]

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Hammond warns of “petty politics” threat to good Brexit deal

BERLIN Petty politics are the biggest threat to a good divorce deal between Britain and the European Union, Chancellor of the Exchequer Philip Hammond said on Tuesday, warning that a bad Brexit agreement could harm the economic interests of both sides. “I am confident that with the political will to put jobs and prosperity first […]

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UK says 95 buildings fail safety checks after London tower block fire

LONDON Prime Minister Theresa May said on Tuesday Britain must hold a national investigation into exterior cladding used on high-rise buildings after all those checked after the deadly London tower block blaze this month failed safety tests. At least 79 people died when a fire that started in a fridge freezer engulfed the 24-storey Grenfell […]

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Bank of England tightens credit rules for banks after Brexit resilience

By David Milliken and Huw Jones| LONDON LONDON The Bank of England tightened its controls on bank credit to more normal levels on Tuesday, deciding the risk had passed of a big hit to the economy and to lending after last year’s Brexit vote. The BoE’s Financial Policy Committee (FPC) said British banks must now […]

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UK will continue funding EU nuclear fusion project if remains as host – government

The British government said on Tuesday it would continue to fund a collaborative nuclear fusion project with the European Union to 2020 if the bloc extends Britain’s contract to host the facility beyond 2018. The Joint European Torus (JET) project, located in southeast England at the Culham Centre for Fusion Energy, studies the potential of […]

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Plunge in UK confidence hits Debenhams, adds to slowdown fears

By James Davey and William Schomberg| LONDON LONDON British consumer confidence plunged during the political crisis sparked by Prime Minister Theresa May’s election flop, hitting the sales of general retailers such as Debenhams (DEB.L) just as shoppers’ spending power is undermined by the pound’s fall. Two major surveys showed confidence among British consumers and retailers […]

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Uber wins right to contest English tests for London drivers

LONDON Uber said it had won the right to appeal against a court decision in favour of plans by a London regulator to impose new English reading and writing standards in a move which could deprive it of thousands of drivers. In March, the San Francisco-based firm, which allows people to book journeys on their […]

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World’s first ATM machine turns to gold on 50th birthday

LONDON Five decades since it heralded a transformation in the way people obtained and used cash, the world’s first ATM was turned into gold for celebrations of its fiftieth anniversary. The brainchild of Scottish inventor Shepherd-Barron, the first ATM (automated teller machine) was opened on June 27, 1967 at a branch of Barclays bank in […]

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