PRESS DIGEST- Financial Times - November 26
Nov 26 (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
- Ministers plan to scrap jury trials in England and Wales except for most serious cases
- Reeves increases minimum wage by 4.1% ahead of tax-raising Budget
- Airlines and regulator warn over rising Heathrow costs after runway approval
- English cities to be allowed to impose tourism taxes
Overview
- UK ministers propose scrapping jury trials for most cases under five-year sentences and complex fraud to tackle a record court backlog.
- UK chancellor Rachel Reeves lifts minimum wage by 4.1% ahead of a tax-heavy Budget featuring frozen income tax thresholds and welfare spending hikes.
- Airlines and the UK aviation regulator warn Heathrow's 49 billion-pound ($64.61 billion) third runway plan could drive up landing fees after ministers approve the project requiring M25 relocation.
- The UK to let English cities impose a "tourism tax" on overnight stays, sparking backlash from hospitality groups worried about deterring visitors.
($1 = 0.7584 pounds)
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