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Britain Economy European Union government Northern Ireland Top News 

Britain asks for interim customs deal with EU, new trade deals post-Brexit

August 14, 2017 By Elizabeth Piper LONDON (Reuters) – Britain will propose setting up an interim customs agreement with the European Union after Brexit to allow the freest possible trade of goods. But it will also seek the right to negotiate other trade deals, a possible sticking point in the talks. According to excerpts of a government document to be published on Tuesday setting out Britain’s strategy, the government will say one option to minimize friction when it leaves the bloc in March 2019 would be to introduce a temporary…

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Britain Entertainment European Union political show Top News 

Boris in Union Jack underpants? Musical comedy finds the fun in Brexit

August 14, 2017 EDINBURGH (Reuters) – A retelling of Britain’s vote to leave the European Union and its dramatic political consequences might perhaps be framed as high drama or extreme farce. But audiences at the Edinburgh Festival are lapping up a light-hearted sung comedy version, “Brexit The Musical”, a sellout featuring a cavorting Boris Johnson, the most prominent Brexit campaigner, in matching Union Jack underpants and socks, looking for a lost plan. On hearing the news that “Leave” has won, Johnson, who in reality surprised many with his decision to…

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Britain Entertainment European Union political show Top News 

Boris in Union Jack underpants? Musical comedy finds the fun in Brexit

August 14, 2017 EDINBURGH (Reuters) – A retelling of Britain’s vote to leave the European Union and its dramatic political consequences might perhaps be framed as high drama or extreme farce. But audiences at the Edinburgh Festival are lapping up a light-hearted sung comedy version, “Brexit The Musical”, a sellout featuring a cavorting Boris Johnson, the most prominent Brexit campaigner, in matching Union Jack underpants and socks, looking for a lost plan. On hearing the news that “Leave” has won, Johnson, who in reality surprised many with his decision to…

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Britain Business crime SFO UK 

UK fraud office expects decision on GSK, Rolls-Royce cases next year

August 10, 2017 By Kirstin Ridley LONDON (Reuters) – The UK Serious Fraud Office (SFO) said on Thursday it expects to decide next year whether it will file criminal charges in bribery investigations related to drugs giant GlaxoSmithKline and aero engine company Rolls-Royce . The SFO launched an investigation into GSK and its subsidiaries in 2014. Britain’s biggest drugmaker has already been fined a record 3 billion yuan ($452 million) by Chinese authorities for paying bribes to doctors to use its drugs. The SFO’s continued investigation into Rolls-Royce is focusing…

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BBC Britain Entertainment show South African Top News 

Seeking bigfoot: TV naturalist Attenborough gets comic homage

August 10, 2017 EDINBURGH (Reuters) – Did you hear the one about the British naturalist, the marmot, the grizzly bear and the South African poacher? A one-man show at the Edinburgh Fringe, part of the world’s biggest arts festival, pokes family-friendly fun at a national institution, 91-year-old TV zoologist David Attenborough, who is famous for series such as The Blue Planet and Life on Earth. Comedian Tom Neenan says the award-winning broadcaster, who since the 1950s has shared his love of nature with millions of viewers in Britain and around…

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Britain Business offer U.S. UK 

U.S. payments firm Vantiv clinches $10 billion deal to buy Worldpay

August 9, 2017 By Pamela Barbaglia LONDON (Reuters) – U.S. credit card processing company Vantiv secured a deal to buy British-based rival Worldpay for 8 billion pounds ($10.4 billion) on Wednesday in a bid to create a $29 billion global payments powerhouse. Vantiv’s move, one of the biggest takeovers of a British firm since last year’s Brexit vote, is part of a wave of payments company mergers as consumers move away from cash transactions to digital payments. Companies such as Vantiv with a strong presence in the United States are…

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Britain Business offer U.S. UK 

U.S. card firm Vantiv clinches $10 billion deal to buy Worldpay

August 9, 2017 By Pamela Barbaglia LONDON (Reuters) – U.S. credit card processing company Vantiv moved closer to creating a $29 billion global payments powerhouse on Wednesday with a formal offer to buy Britain’s Worldpay for 8 billion pounds ($10 billion). Vantiv’s move is part of a wave of payments company mergers around the world as consumers are moving away from cash transactions to smartphone or mobile payments and the industry, once a backwater of banking, faces growing competition from newcomers trying to disrupt the way merchants are paid. Recent…

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Britain Economy Funding Options government industry Top News 

Directors step up loans to small UK construction firms to plug gap

August 6, 2017 By Esha Vaish (Reuters) – The directors of small British construction businesses are lending them more money to plug a funding gap as banks set tighter lending criteria and major contractors delay payments, a survey showed on Monday. Directors lent the companies 38 million pounds ($50 million)in 2015/16, up from 29.7 million pounds in 2013/14, said online finance market Funding Options, which surveyed electricians, plumbers, plasterers, carpenters, decorators, scaffolders and roofing businesses. Banks have taken a more cautious approach on funding given a slowdown in UK property…

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BBC Britain Economy European Union Top News UK 

UK needs Brexit fall-back position, says ex-BoE governor King

August 6, 2017 LONDON (Reuters) – Britain needs to make clear to the European Union that it is prepared to go it alone if it fails to reach a satisfactory deal in Brexit talks, former Bank of England Governor Mervyn King said on Saturday. King – who said in December that Britain should leave the EU’s single market and possibly its customs union – said his country needed to be able to show that it had a clear plan of how it would manage without an EU trade deal. “If…

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Britain Business Economy European Union Top News UK 

UK wants to avoid cliff edge Brexit but will leave single market, Hammond says

July 28, 2017 LONDON (Reuters) – Britain wants to a avoid a cliff edge Brexit that would sow chaos for business but leaving the European Union means leaving the single market and the customs union, finance minister Philip Hammond told the BBC. Hammond refused to confirm or deny a Financial Times report that he had told business leaders that he wanted to negotiate a simple “off-the-shelf” transition deal with Brussels to maintain current trading relations with Europe for at least two years after Brexit. Hammond said it was in the…

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