British Business - Oct 3



Oct 3 (Reuters) - 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

- Britain's energy regulator has said the country is at a "significant risk" of gas shortages this winter because of Russia's war in Ukraine and undersupply in Europe. Link

- British EV startup Arrival, which last week began production of the first all-electric van made in Britain, has admitted it is talking to big investors to stave off a cash crunch. Link

The Guardian

- The British Conservative party chair has defended Finance Minister Kwasi Kwarteng and said that people who attended a private champagne reception with him on the day he delivered his mini-budget should be "lauded" as Britain's leading entrepreneurs. Link

- Britain's Pensions Regulator has for the first time been drafted into high-level emergency talks led by the Treasury and Bank of England as they examine measures to calm financial markets in the wake of the meltdown which followed Kwasi Kwarteng's mini-budget. Link

The Telegraph

- British Prime Minister Liz Truss could delay the vote on cutting the 45% rate of tax, after former British cabinet minister Michael Gove joined a growing rebellion among Tory MPs at the Conservative Party conference. Link

- The Bank of England has been liaising with Swiss authorities after an attempt by Credit Suisse CSGN.S to calm nerves instead stoked fears of further turbulence in the financial system. Link

Sky News

- Britain's King Charles will welcome South Africa's president, Cyril Ramaphosa, and first lady to Buckingham Palace for the first state visit of his reign. Link (Compiled by Bengaluru newsroom)

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