PRESS DIGEST-British Business - May 22

May 22 (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

- Europe's largest bank HSBC HSBA.L warned its British employees that their pay packages could be cut if they do not go into the office at least three days a week.

- A group of British lawmakers including Alice Macdonald and Joe Powell is set to write to the British Prime Minister Keir Starmer to use Britain's 150 billion pounds ($201.3 billion)foreign exchange reserves to prevent deep cuts in overseas aid to low-income countries threatened by the withdrawal of US funding.

The Guardian

- British Prime Minister Keir Starmer said the government wanted to make winter fuel payments available to more pensioners, suggesting he was open to reversing a widely criticised cut in the payments.

- Britain's Justice Secretary, Shabana Mahmood, is considering use of libido-suppressing drugs in England and Wales for the most serious sex offenders.

The Telegraph

- Britain's Speciality Steel, part of Steel tycoon Sanjeev Gupta's GFG Alliance, told the High Court that it held "urgent meetings" with an unnamed investor interested in taking over the business.

- Jo Bamford, the owner of Wrightbus, said that the British energy secretary Ed Miliband's desire to decarbonise the grid is fuelling an exodus of jobs to China.

Sky News

- Britain's Johnson Matthey JMAT.L is expected to announce on Thursday that it is selling its Catalyst Technologies arm - one of four main divisions at the company.

- British Prime Minister Keir Starmer will attend a virtual ceremony on Thursday morning to hand over sovereignty of the Chagos Islands to Mauritius.

($1 = 0.7452 pounds)