Press Digest: British Business - September 10
PRESS DIGEST-British Business - September 10 Sept 10 (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
- The cost of the expansion of Heathrow airport could break the business model for low-cost airlines if they are forced to pick up the bill, airline executives have British told MPs.
- British Prime Minister Andy Burnham said higher defence spending should not be funded through welfare cuts, rejecting proposals to reduce housing benefits to boost military spending.
The Guardian
- The head of Britain's air traffic control provider NATS, Martin Rolfe, has been given a week to report back on the reasons for a technical failure that grounded thousands of flights.
- JPMorgan JPM.N CEO Jamie Dimon warned UK Chancellor John Healey that higher taxes on banks could jeopardise investment and jobs in Britain ahead of the government's October budget.
The Telegraph
- English mayors and local leaders are set to gain the power to impose uncapped tourist taxes on overnight stays and funds from the tax will be used to help prop up council finances.
Sky News
- IG Group IGG.L, the London-listed online trading platform, is taking an axe to hundreds of jobs just weeks after unveiling a $1.3bn deal to buy a major U.S.-based prediction markets operator.
The Independent
- British police have opened a criminal investigation into allegations that Reform UK breached party donation rules by accepting illegal foreign funding.
(Compiled by Bengaluru newsroom)