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PRESS DIGEST-British Business - July 16

ReutersJul 16, 2025 3:18 AM

- 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

- British Chancellor Rachel Reeves criticised over-cautious regulators for stifling businesses, unveiling reforms to encourage ordinary British savers to invest in shares.

- Bank of England Governor Andrew Bailey called for the International Monetary Fund to improve its monitoring of global economic imbalances, echoing calls for reform from the Trump administration.

The Guardian

- BAE Systems BAES.L expressed confidence in securing up to 150 additional export orders for its Typhoon fighter jet, a move that would safeguard hundreds of jobs at its Lancashire factory.

- Hundreds of mechanical engineers at the Hinkley Point C nuclear construction site in Somerset staged a wildcat strike on Tuesday to protest alleged bullying by supervisors.

The Telegraph

- Richard Hughes, chairman of the British Office for Budget Responsibility (OBR), warned that further tax increases would harm economic growth and fail to address the UK's rising government debt.

- Bank of England Governor Andrew Bailey urged the U.S. and China to address domestic economic issues to tackle global trade imbalances, warning against "dangerous" U.S. tariffs that could harm growth.

Sky News

- U.S. President Donald Trump said he will meet British Prime Minister Sir Keir Starmer in Scotland later this month to refine the UK-U.S. trade deal.

- Computershare CPU.AX, an Australian-listed share registrar, is among multiple suitors eyeing the acquisition of PrimaryBid, a British fintech firm put up for sale earlier this year.

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