Nov 21 (Reuters) – The top stories on the business pages of British newspapers cover a range of topics from pharmaceutical sales agreements to tax cuts and real estate.
In the realm of finance, the Bank of England governor has warned that UK interest rates will need to stay high for some time despite a sharp fall in the annual inflation rate. Meanwhile, Prime Minister Rishi Sunak has hinted at potential business tax cuts to boost economic growth, promising to reduce the tax burden “carefully and sustainably” and “over time.”
Turning to real estate, EY is in talks to abandon its London headquarters as working from home continues to transform professional life. In addition, the founder of Cazoo, an online car seller, may see his shareholding in the company almost wiped out as bondholders take control.
The body representing Britain’s pharmaceutical industry has reached an NHS branded sales agreement with the government after months of disputes and warnings that the country’s key growth sector was losing international ground. Additionally, Boodles boss has accused Rishi Sunak of scrapping VAT-free shopping for foreign tourists, calling it a “spectacular own goal.”