PRESS DIGEST- British Business - December 5

Reuters

Dec 5 (Reuters) - The following are the top stories on thebusiness pages of British newspapers. Reuters has not verifiedthese stories and does not vouch for their accuracy.

The Telegraph

AUTUMN STATEMENT 2013: GEORGE OSBORNE TO AVOID BIG GIVEAWAYS

George Osborne will resist the temptation for big giveawaysin today's Autumn Statement, as he sets out a long-term planthat will involve "unpopular decisions" to turn the economyaround.

CENTRICA'S 2 BILLION POUNDS WIND FARM PLAN SNUBBED BYMINISTERS

Centrica's plan for a 2 billion pounds wind farm offthe coast of Norfolk has been snubbed by ministers, who rejecteda request for it to qualify as one of the first wave of newenergy projects.

The Guardian

GOLDMAN SACHS THREATENS TO LEAVE LONDON IF BRITAIN LEAVES EU

Goldman Sachs has said it would move much of itsEuropean business out of London if Britain leaves the EuropeanUnion. The warning from the world's most powerful investmentbank comes as political pressure for Britain to leave the EUmounts.

BRITAIN COULD OPERATE WITH FEWER MOBILE NETWORKS, SAYS THREECHIEF

The number of mobile network operators in Britain could soondrop from four to three, according to the chief executive of theUK's smallest carrier. "Under the right circumstances the UKcould operate competitively with three or with five," said Threechief executive David Dyson, predicting a round of consolidationin Europe from 2014.

The Times

OSBORNE PLANS TAX BREAK FOR PEER-TO-PEER LENDERS

Investors in small businesses through peer-to-peer lendingwebsites are to be offered tax breaks by the Chancellor to helpto improve access to credit for cash-starved companies.

RBS FINED 391 MILLION POUNDS FOR INTEREST RATE-RIGGING

Royal Bank of Scotland was among six globalfinancial institutions fined 1.7 billion euros by the EuropeanCommission yesterday for forming illegal cartels to rigbenchmark interest rates.

Sky News

ROYAL MAIL AND UNION REACH DEAL ON PAY

A proposed deal has been agreed between the Royal Mail and union leaders on pay, pensions and other issueslinked to the privatisation of the postal group. TheCommunication Workers Union (CWU) held off calling strikes sotalks could be held.

METRO BANK RAISES 385 MILLION POUNDS AFTER BUOYANT DEMAND

Metro Bank plans to raise about 400 million pounds from acombination of existing and new investors following buoyantdemand for shares in Britain's first new high street lender formore than 100 years.

View Comments (0)