Press Digest: British Business - Sept 8

Fosun Tourism

08/09/2020 01:35

Sept 8 (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 housing secretary pledged 11.5 billion pounds ($15.14
billion) to build up to 180,000 discounted homes over the next
five years to help first-time buyers onto the property ladder. https://bit.ly/3h35Pbu
    - Senior Conservatives warned Boris Johnson last night that
his plans to water down Britain's obligations under the EU
withdrawal agreement were a "dangerous step" that could make a
no-deal Brexit more likely. https://bit.ly/3jZSZwF
    
    The Guardian
    - Business leaders have warned Boris Johnson that securing a
Brexit deal is essential for safeguarding Britain's economic
recovery from the coronavirus outbreak and avoiding higher
prices in the shops for British consumers. https://bit.ly/3h6HzoT
    - The Duke of Sussex has paid back 2.4 million pounds of
taxpayers' money used to renovate Frogmore Cottage, his
spokesperson has said. https://bit.ly/2DDR0hT
        
    The Telegraph
    - As much as 3.5 billion pounds has been stolen from the
public purse through fraudulent claims on the taxpayer-funded
furlough scheme, the boss of HMRC has warned. https://bit.ly/2R4KDaI
    - JP Morgan  JPM.N  is to double the number of investment
bankers who can use its offices each day as City firms grapple
with the challenge of bringing workers safely back to their
desks. https://bit.ly/3h6lhUo
    
    Sky News
    - China's Fosun is drawing up plans to reinvent Britain's
Thomas Cook as an online travel agent as soon as this month. https://bit.ly/3bN8buh
    - Pizza Express has secured enough support among creditors
to approve restructuring plans that will see dozens of
restaurants close and 1,100 people at risk of losing their job.
https://bit.ly/2F7pgD7    


($1 = 0.7596 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))