• Tue. Dec 5th, 2023

UK Business News Roundup: November 20th Edition


Nov 20, 2023

The UK’s business pages are buzzing with the latest news. The Daily Telegraph reports that the Barclay family is close to repaying over 1.1 billion pounds owed to Lloyds Banking Group and regaining control of their newspapers, while OpenAI investors are pushing for the reinstatement of Sam Altman as chief executive.

Meanwhile, the Guardian highlights the need for the UK to invest in more laboratory space, improve transport links, and offer tax breaks in order to achieve Rishi Sunak’s ambition of becoming a science superpower. Union leaders are also urging Tata Steel to keep a blast furnace at Port Talbot steelworks open until 2032 to avoid job losses.

In other news, Dutch train start-up Heuro is in talks to raise around 1 billion euros and plans to launch a rival service to Eurostar running through the Channel Tunnel. According to Sky News, UK chancellor Jeremy Hunt will announce a review of the rules governing payment authentication as part of a post-Brexit crackdown on fraud.

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