PRESS DIGEST-Financial Times - June 30
June 30 (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 launches biggest financial advice shake-up in more than a decade
- UK rail regulator urged to limit approvals of private train services
- Carmaker Lotus reverses plan to shut factory after UK offers fresh support
- Ministers face showdown on UK welfare reform as concessions fail to quash rebellion
Overview
- Britain's Financial Conduct Authority (FCA) said it will make it easier for investment firms to give customers support with their pensions and investments
- A senior UK Whitehall official urged the rail sector's independent regulator to limit approvals for new "open-access" train operations, saying they would cost taxpayers too much.
- British-based sportscar company Lotus said it has no plans to close a factory in eastern England after the government signalled it was willing to offer support to the carmaker.
- UK Health Secretary Wes Streeting said the government was in a stronger position after softening its disability benefit reforms but declined to confirm if it had enough support amid threats of rebellion from over 120 Labour MPs.
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