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Britain urges banks to offer mortgage flexibility in cost-of-living crisis

By Huw Jones and Iain Withers LONDON, Dec 7 (Reuters) - Britain has called on banks to support households finding it difficult to make payments on mortgages during the cost of living crisis. Finance minister Jeremy Hunt told banking bosses at a meeting on Wednesday he expected them to help borrowers, while the Financial Conduct Authority laid out options the regulator said lenders should adopt to ease the strain.
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Banks face 6% capital hike from remaining Basel rules, says Bank of England

LONDON, Dec 7 (Reuters) - Applying the remaining set of global bank capital rules in Britain will increase capital requirements by about 6% by the end of the decade, the Bank of England said on Wednesday. The initial batch of Basel III rules from the Basel Committee of banking regulators from the world's main financial centres, were rolled out in the aftermath of the global financial crisis over a decade ago when taxpayers had to bail out undercapitalised lenders.
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UK Stocks-Factors to watch on Dec.5

Dec 5 - Britain's FTSE 100 .FTSE index is seen opening higher on Monday, with futures FFIc1 up 0.05%. * VODAFONE: Vodafone Group VOD.L said Chief Executive Officer Nick Read would step down at the end of this year and be replaced on an interim basis by finance chief Margherita Della Valle. * GLENCORE: Glencore GLEN.L said it would pay $180 million to the Democratic Republic of Congo over claims of corruption in the country between 2007 and 2018. * NATIONAL GRID: National Grid NG.L said it expect
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UK Stocks-Factors to watch on Dec.5

Dec 5 - Britain's FTSE 100 .FTSE index is seen opening flat on Monday, with futures FFIc1 unchanged. * BP: Unions and BP Plc BP.L on Friday reached an agreement on pay for workers at Rotterdam refinery. * SHELL: Nigeria's Supreme Court on Friday allowed Shell's SHEL.L subsidiary to appeal a $1.8 billion compensation ruling over an alleged spill. * UNILEVER: Unilever ULVR.L asked a U.S.
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NatWest lifts staff pay after cost of living backlash

By Iain Withers LONDON, Dec 1 (Reuters) - NatWest NWG.L has offered the bulk of its 41,500 staff in Britain a pay rise and one-off cash sum to help them cope with soaring prices, after a backlash from some employees who missed out on a pay boost for lower-paid workers earlier this year. Companies across Britain are grappling with how much to increase salaries by as the end of the year nears and when inflation is at a 41-year high of 11.1%.
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