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Search resuls for: "Farouq Suleiman"


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[1/2] An NHS logo is displayed outside a hospital in London, Britain May 14, 2017. Britain's state-run National Health Service (NHS) is braced for a wave of unprecedented industrial action this winter, with up to 100,000 nurses due to take strike action on Dec. 15 and 20 for the first time in their union's 100-year history. "No one in the NHS takes strike action lightly, today shows just how desperate they are," GMB National Secretary Rachel Harrison said. The union said it would meet in the coming days to discuss potential strike dates before Christmas. Thousands of health workers, including call handlers and paramedics, represented by the Unison trade union are also set to take industrial action after voting in favour of strikes.
Commercial banks are paid interest on the reserves by the BoE at whatever is the BoE's current interest rate - just 0.1% a year ago, but 3% now and likely to rise further. But now the BoE makes losses because the interest paid on reserves exceeds income from its QE bond holdings. Bailey said the current structure of paying interest fully on all reserves was the simplest way for the BoE to ensure its interest rate changes are transmitted through the financial system. He disagreed with descriptions that this was free money for banks, since they had their own funding costs to meet that also rose with central bank interest rates. Another former BoE rate-setter, Gertjan Vlieghe, on Thursday said it would be a "disaster" to stop paying interest on reserves, even partially - akin to a default on debt.
REUTERS/Toby MelvilleLONDON, Nov 24 (Reuters) - Net migration to the United Kingdom rose to a record high of around 504,000 in the year to June 2022, official statistics showed on Thursday, driven by an increase in the number of non-European Union nationals. The Office for National Statistics (ONS) said a recovery of travel following COVID-19, and an increase in arrivals of international students who had been studying remotely during the pandemic had contributed to the rise. At the time then Prime Minister David Cameron had failed for several years to hit a net migration target of less than 100,000 a year. The previous record high for net migration was just over 330,000 in 2015. August saw the highest number of small boat arrivals of any month since data has been collected, it said.
LONDON, Nov 22 (Reuters) - Viewers from countries not participating in the Eurovision Song Contest will be able to cast a vote for their favourite act next year for the first time in the competition's history, the organiser said on Tuesday. Viewers will be able to vote via a secure online platform, and a full list of eligible countries will be published nearer the time of the event, usually held in May. The 2023 Eurovision Song Contest will be held in the northern English city of Liverpool on behalf of this year's winners Ukraine. The grand final results will still be decided by a combination of votes by viewers and juries. It said the changes were designed to protect the event's integrity after irregular voting patterns in the results of six countries in the 2022 contest.
UK's Hunt says next two years will be challenging
  + stars: | 2022-11-18 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Britain's Chancellor of the Exchequer Jeremy Hunt walks at Downing Street in London, Britain, November 17, 2022. REUTERS/Toby MelvilleLONDON, Nov 18 (Reuters) - Finance minister Jeremy Hunt said Britain would face a challenging next two years but his new budget plans would help to tackle inflation and put the economy on a stronger footing. "There is nothing Conservative about spending money that you haven't got," he said. There's nothing Conservative about ducking difficult decisions that put the economy on track." Reporting by Muvija M and Farouq Suleiman; writing by Kate Holton; editing by William SchombergOur Standards: The Thomson Reuters Trust Principles.
Hunt said he deferred most of the curbs on spending because cutting now would make the current recession worse. "There is nothing Conservative about spending money that you haven't got," he said. The front page of the Financial Times declared "Hunt paves way for years of pain". "All of that borrowing we've done over the last many years is coming home to roost," Johnson told BBC radio. "We're going to be stuck at 100 billion pounds a year being spent on debt interest in the medium term.
He froze until 2028 a threshold at which employers start to pay social security contributions, which will cost companies more. Public spending would grow more slowly than the economy but rise in overall terms, he said. It now expects gross domestic product to contract by 1.4% next year compared with its projection in March for growth of 1.8%. The OBR forecasts GDP growth of 1.3% in 2024 and 2.6% in 2025, compared with previous forecasts of 2.1% and 1.8% respectively. Thursday's forecasts by the OBR showed that target would be met in the 2027/28 financial year.
Actor Kevin Spacey faces more sexual assault charges in Britain
  + stars: | 2022-11-16 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Nov 16 (Reuters) - Britain's Crown Prosecution Service (CPS) has authorised seven additional charges against Oscar-winning actor Kevin Spacey for a number of sexual assaults against one man between 2001 and 2004, it said on Wednesday. The new CPS charges include one of causing a person to engage in sexual activity without consent and others of indecent and sexual assault. Spacey, 63, was previously accused of five offences in Britain - four counts of sexual assault by touching, and a more serious charge of causing a person to engage in penetrative sexual activity without consent. 71st Tony Awards – Arrivals – New York City, U.S., 11/06/2017 - Actor Kevin Spacey. Spacey's defence lawyer in Britain, Patrick Gibbs, did not immediately respond to an email seeking comment on the latest charges.
LONDON, Nov 16 (Reuters) - British Prime Minister Rishi Sunak and Canadian Prime Minister Justin Trudeau spoke to Ukrainian President Volodymyr Zelenskiy to stress the importance of a full investigation into a missile strike on Poland, Sunak's office said on Wednesday. "The prime minister and Prime Minister Trudeau emphasised the importance of a full investigation into the circumstances behind missiles falling in Poland yesterday," Sunak's office said, after the two leaders spoke to Zelenskiy from the G20 summit in Indonesia. "They stressed that, whatever the outcome of that investigation, Putin's invasion of Ukraine is squarely to blame for the ongoing violence." Reporting by Farouq Suleiman and Sachin Ravikumar, editing by Elizabeth PiperOur Standards: The Thomson Reuters Trust Principles.
UK's Rishi Sunak says he regrets making Williamson a minister
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Nov 9 (Reuters) - British Prime Minister Rishi Sunak said on Wednesday that he regretted giving a ministerial role to Gavin Williamson who resigned on Tuesday after claims that he bullied colleagues. "I obviously regret appointing someone who has had to resign in these circumstances," Sunak said during the weekly Prime Minister's Questions session in parliament. Opposition Labour Party leader Keir Starmer called Williamson a "pathetic bully" and challenged Sunak over his decision to appoint him. [1/3] Prime Minister Rishi Sunak delivers a speech during a reception for world leaders, business figures, environmentalists and NGOs, hosted by King Charles III at Buckingham Palace, London, ahead of the Cop27 Summit. Reporting by Farouq Suleiman, writing by Muvija M Editing by William SchombergOur Standards: The Thomson Reuters Trust Principles.
LONDON, Nov 9 (Reuters) - Tens of thousands of British nurses will go on strike for the first time over demands for better pay, their trade union said on Wednesday, adding to pressure on Prime Minister Rishi Sunak during an economic crisis. "Anger has become action – our members are saying enough is enough," RCN General Secretary Pat Cullen said in a statement. "This action will be as much for patients as it is for nurses. NHS nurses have seen their salaries cut by up to 20% in real terms over the last ten years, the RCN has said. Sunak's spokesperson told reporters earlier on Wednesday the government wanted to strike a balance between the "crucial role" played by nurses and its fiscal challenges.
Average two-year and five-year fixed rates hit 6.65% and 6.51% on Thursday, according to Moneyfacts, the highest since 2008. FALLING PRICESA drop in gilt yields following Rishi Sunak's victory in the Conservative Party leadership race could potentially feed through to lower mortgage rates. But the number of loans available for first-time buyers remains at less than half those on offer before the mini-budget, according to Moneyfacts. NEW FIXESAs well as first-time buyers, brokers are dealing with thousands of people whose fixed rate mortgages are due to expire in the coming months. Redmond, who has had an offer accepted in east London, said it felt as though every turn of political event only made the fixed interest rate higher.
The wealth of Sunak's family puts him above the previous richest prime minister, who according to the Guineas Book of World Records was Edward Stanley. "Rishi Sunak's words will do nothing to reassure struggling people worried sick about the winter ahead," leader of the pro-EU Liberal Democrats Ed Davey said, calling Sunak "out-of touch". The couple faced criticism and public anger in April over Murthy's "non-domiciled" tax status which meant she did not pay tax in Britain on her earnings abroad. "This is the same Rishi Sunak who as Chancellor failed to grow the economy, failed to get a grip on inflation, and failed to help families with the Tory cost of living crisis," Labour deputy leader Angela Rayner said in statement on Monday. "And it's the same Rishi Sunak whose family avoided paying tax in this country before he put up taxes on everyone else."
A Reuters tally of Conservative lawmakers who have made public declarations of support put Sunak on 70 backers, Johnson on 37 and Mordaunt on 20. 1/6 British Prime Minister Boris Johnson makes a statement at Downing Street in London, Britain, July 7, 2022. Luxembourg's Prime Minister Xavier Bettel said leaving the European Union had brought instability to Britain. Opposition parties, some newspapers and even a few Conservative lawmakers have called for a general election to be held. Some Conservative lawmakers have urged colleagues to coalesce around one candidate to avoid a bruising battle.
British minister Penny Mordaunt announces bid to be next UK PM
  + stars: | 2022-10-21 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 21 (Reuters) - British minister Penny Mordaunt on Friday launched her bid to replace Liz Truss as prime minister, becoming the first Conservative lawmaker to announce they are running. That race saw Truss defeat former finance minister Rishi Sunak. "I’ve been encouraged by support from colleagues who want a fresh start, a united party and leadership in the national interest." Bookmakers place Mordaunt third, behind Sunak and Johnson, who are also expected to enter the race to succeed Truss. Largely unknown outside Westminster prior to taking an early opinion poll lead among Conservative Party members earlier this year, some of the public may have first seen Mordaunt on the reality TV show Splash!
British Prime Minister Boris Johnson speaks during his visit to EDF's Sizewell B Nuclear power station, in Sizewell, Britain September 1, 2022. Chris Radburn/Pool via REUTERSSummary Johnson taking soundings from lawmakersHad said he wanted a quieter lifeUnder investigation for lying to parliamentLONDON, Oct 21 (Reuters) - Out of power for a matter of months, comeback king Boris Johnson is once again being touted as the new leader of the governing Conservative Party and Britain's prime minister. For some Conservative lawmakers, Johnson is a vote winner, able to appeal across the country not only with his celebrity but also with his brand of energetic optimism. When Johnson left Downing Street, his aides said he was going to embrace a quieter life, no longer being "public property" and able to make more money by going on the speaker circuit. After his successor as prime minister, Liz Truss, quit on Thursday after just six weeks in power, the Ukrainian government Twitter account even published, and then deleted, a meme saying "Better call Boris".
LONDON, Oct 20 (Reuters) - Britain's defence minister Ben Wallace told parliament on Thursday there was no cause for alarm over his urgent trip to meet allies in the United States. Asked about the visit to Washington, D.C., Wallace said: "I went to the Pentagon, the State Department, the National Security Adviser and other meetings, and made sure that we are all understanding our planning processes about what we would do in the event of a whole range of things." "I don't think people should be alarmed by it ... I would hope they would take comfort that my priority is if necessary getting on a plane to go and do that." Register now for FREE unlimited access to Reuters.com RegisterReporting by Kylie MacLellan, writing by Farouq Suleiman; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.
General view of signage outside the Chinese Consulate General in Manchester, Britain, October 17, 2022. REUTERS/Phil NobleLONDON, Oct 20 (Reuters) - Britain expects China to waive diplomatic immunity for any official facing police charges over an attack on a protester who was dragged inside the grounds of a Chinese consulate, a junior British foreign office minister said on Thursday. China has disputed the account of events which took place during a demonstration on Sunday against Chinese President Xi Jinping, saying protesters had stormed its grounds. "Let me be clear that if the police determine there are grounds to charge any officials, we would expect the Chinese Consulate to waive immunity for those officials. The Chinese Consul-General Zheng Xiyuan told Sky News it was an emergency situation and his colleagues' life had been threatened.
He said Russia acknowledged that the incident took place in international airspace, adding that patrols have now resumed, and British aircraft were now being accompanied by fighter aircraft escorts. Wallace visited Washington earlier this week, prompting speculation as to whether a specific threat or piece of intelligence had prompted the trip. Ukraine has retaken territory in eastern Ukraine, leading President Vladimir Putin to order a partial Russian mobilisation and also step up nuclear rhetoric. Wallace repeated that there would be "severe consequences" for Russia if it used nuclear weapons in Ukraine, adding that he discussed Ukraine's battlefield successes and the possible Russian response to them on the trip. He emphasised that the incident with the Russian fighter and the UK "Rivet Joint" plane highlighted the risks of miscalculation in interacting with Russia.
LONDON, Oct 20 (Reuters) - Britain's defence minister Ben Wallace said on Thursday that he did not consider the release of a missile by a Russian aircraft near a British aircraft patrolling in international airspace to be a deliberate escalation. "We don't consider this a deliberate escalation by the Russians, our analysis would concur it was a malfunction," Wallace told parliament. "However, it is a reminder of quite how dangerous things can be when you choose to use your fighters in the manner that the Russians have done over many periods of time." Register now for FREE unlimited access to Reuters.com RegisterReporting by Kylie MacLellan, writing by Farouq Suleiman; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.
Senior adviser to UK PM Truss suspended - BBC
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 19 (Reuters) - One of British Prime Minister Liz Truss's most senior advisers has been suspended and is to face a formal investigation by the government's Propriety and Ethics team, the BBC's political editor reported on Wednesday. A spokesperson for Truss declined to comment on what he called individual staffing matters, but said: "The prime minister has made very clear to her team that some of the ... briefings that we have seen are completely unacceptable about parliamentary colleagues and they must stop." Over the weekend, the Sunday Times quoted a source in the prime minister's Number 10 Downing Street office as using an expletive to describe Sajid Javid, a former minister who the newspaper said had been approached to become finance minister after the sacking of Kwasi Kwarteng. Register now for FREE unlimited access to Reuters.com RegisterReporting by Farouq Suleiman, editing by Elizabeth Piper and William JamesOur Standards: The Thomson Reuters Trust Principles.
Senior adviser to UK PM Truss has been suspended - BBC
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: 1 min
LONDON, Oct 19 (Reuters) - One of British Prime Minister Liz Truss's most senior advisers has been suspended and is to face a formal investigation by the Propriety and Ethics Team, the BBC's political editor reported on Wednesday. The prime minister's Downing Street office did not immediately respond to a request for comment. Register now for FREE unlimited access to Reuters.com RegisterReporting by Farouq Suleiman, editing by Elizabeth PiperOur Standards: The Thomson Reuters Trust Principles.
LONDON, Oct 19 (Reuters) - British finance minister Jeremy Hunt said on Wednesday that the government will prioritise help for the most vulnerable as latest data showed that the annual rate of consumer price inflation inched up to 10.1% in September. “This government will prioritise help for the most vulnerable while delivering wider economic stability and driving long-term growth that will help everyone," Hunt said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by William James and Farouq Suleiman; editing by Sarah YoungOur Standards: The Thomson Reuters Trust Principles.
Protester Bob Chan, who was seen being pulled into the grounds of a Chinese consulate in Manchester and beaten, attends a news conference, in London, Britain, October 19, 2022. Bob Chan, who is aged in his 30s and originally from Hong Kong, said the attack started when masked men came out of the consulate to take away banners from peaceful protesters. I held on to the gate where I was kicked and punched," he told reporters. "I could not hold on for long and was eventually pulled into the grounds of the consulate." Points of contention include a British programme allowing almost three million people in Hong Kong to apply for visas.
Staff at British nuclear warhead facility to vote on strike
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 19 (Reuters) - Staff at a British company responsible for developing nuclear warheads will vote on whether to strike in a dispute over pay, a union said on Wednesday, as rising inflation spurs more industrial unrest. The Prospect union said a ballot for its members at the Atomic Weapons Establishment (AWE) would open on Oct. 24 and run for two weeks after its members rejected a 5% pay award. An additional lump sum payment offered was still inadequate and failed to address a real-terms pay reduction, it added. Register now for FREE unlimited access to Reuters.com Register"It should attract a commensurate level of pay and respect for these staff who keep the country safe." Headquartered in Aldermaston, Berkshire, in southern England, it develops and maintains nuclear warheads for Britain's Trident nuclear deterrent.
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