PRESS DIGEST-Financial Times - June 10
June 10 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- UK pledges 11.5 billion pounds of new state funding for Sizewell C nuclear plant
- Eurostar plans services to Frankfurt and Geneva to tap demand for greener travel
- Reeves plans 'housing bank' to deliver cheaper financing for builders
- Thames Water bosses were set for 18.5 million pounds before outcry over bonuses
Overview
- Britain has ended years of uncertainty over the future of its nuclear industry by pledging 11.5 billion pounds ($15.57 billion) of new state funding for the Sizewell C project in Suffolk, taking the total taxpayer investment in the site to 17.8 billion pounds.
- Rail group Eurostar plans to launch new services from London to Frankfurt and Geneva to meet rising business demand for greener travel.
- British Finance Minister Rachel Reeves has drawn up plans for a "housing bank", to be announced as early as Wednesday's spending review, alongside a potential long-term funding settlement for affordable homes of up to 25 billion pounds.
- Thames Water's senior management team was set to receive 18.5 million pounds in retention payments agreed as part of a 3 billion pound emergency loan, even as the UK's largest water utility teetered on the brink of bankruptcy.
($1 = 0.7387 pounds)
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