Yahoo Finance PRESS DIGEST-British Business - Oct. 28
Oct 28 (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
Royal Dutch Shell Plc should be split into at least two businesses, Third Point argued on the eve of the company's latest results, to draw a line under a "difficult two decades" for its shareholders. https://bit.ly/3biNmao
Pensioners will miss out on an average of 2,600 pounds each over the course of five years because of the suspension of the state pension triple lock, while the Treasury will save a total of 30.5 billion pounds ($41.89 billion). https://bit.ly/3vR5eTb
The Guardian
The chancellor, Rishi Sunak, has delayed 2 billion pounds in annual spending on research and development (R&D), even as he committed to funding a new advanced research body that was the idea of ex-No 10 adviser Dominic Cummings. https://bit.ly/3CoHs3l
TSB, Co-operative Bank and Leeds Building Society are among the lenders expected to escape a levy imposed on the sector, following the chancellor's announcement of a 4 billion pounds City tax cut in his budget speech on Wednesday. https://bit.ly/3BpKlj8
The Telegraph
The department store company John Lewis & Partners withdrew the advertisement, which ran for just over a fortnight earlier this month, after the Financial Conduct Authority said the ad was "potentially misleading" and "could cause confusion about John Lewis' new home contents insurance offering". https://bit.ly/3bfX5OL
Passengers are set for cheaper flights within the UK as air passenger duty is slashed, but they will suffer higher levies on long-haul services. https://bit.ly/3vPvkWG
Sky News
The government will introduce a new 4 percent tax on the largest, most profitable property developers from April 2022 to help pay for new cladding on unsafe buildings. https://bit.ly/3vVcL3p
France has released a list of possible sanctions it could impose against the UK over a row involving issues with fishing licences. https://bit.ly/3BqIWZz
The Independent
Inflation could soon reach its highest level for three decades, pilling pressure on living costs and eating into the chancellor's kitty for future budgets, according to government spending watchdog, the Office for Budget Responsibility. https://bit.ly/3Bk9VpN
Many universal credit claimants will keep 1,000 pounds a year more of their benefits after the Budget included an 8 percent cut in the harsh 'taper rate'. https://bit.ly/3BleqAC
($1 = 0.7282 pounds) (Compiled by Bengaluru newsroom)
