Press Digest: British Business - Nov 1

Purplebricks

01/11/2022 01:02

Nov 1 (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
    Senior Conservative MPs have warned that Home Secretary
Suella Braverman risks fuelling support for far-right extremists
after she described the Channel migrant crisis as an invasion.
   Millions of public sector workers in the UK face a pay
squeeze next year as the government seeks to fill a 35 billion
pound ($40.15 billion) gap in public finances.
    The Guardian
    The UK government-backed battery startup Britishvolt is on
the brink of entering administration with the potential loss of
almost 300 jobs, after it struggled to find investors willing to
fund its effort to build a giant 3.8 billion pounds
"gigafactory" in north-east England.
The union that represents Royal Mail  IDSI.L   workers has
reacted angrily to the company's latest pay offer and programme
for change, accusing it of a "declaration of war on posties" and
raising the prospect of further postal strikes in the runup to
Christmas.
    The Telegraph
    UK PM Rishi Sunak is drawing up plans for years of tax rises
for everyone in the country, as a Treasury source warned: "It's
going to be rough."
     Billionaire Czech investor Daniel Kretinsky is expected to
push for the end of Saturday letter deliveries and a renewed
focus on parcels after ministers gave him licence to tighten his
grip on Royal Mail  IDSI.L . 
    Sky News
    Elon Musk has fired Twitter's board of directors and
appointed himself its sole member.
    Boomin, the online property portal founded by  Michael
Bruce, former boss of Purplebricks  PURP.L , has called in
liquidators after failing to secure new funding.
($1 = 0.8718 pounds)
 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))