Oct 11 (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 will be the slowest-growing economy among big developed nations next year, according to the International Monetary Fund, which has cut the country’s growth outlook ahead of the general election next year.
– The proportion of homeowners taking out mortgages of 35 years or longer has jumped as borrowers try to offset the impact of higher interest rates, the Bank of England has warned.
The Guardian
– More than 1,000 Amazon workers at the online retailer’s Coventry warehouse are to go on strike for four days next month, including on the busy Black Friday sales day.
– Grocery price inflation in the UK has slowed to the lowest rate in more than a year, with the price of butter down 16p compared with this time last year.
The Telegraph
– Traffic lights in Manchester are using Google artificial intelligence in an attempt to cut down on tailbacks caused by unnecessary red lights.
Sky News
– Worse financial pain is to come, as many people have not yet felt the full impact of the increased cost of borrowing, the Bank of England has said in one of its latest health checks of the UK’s financial system.
(Compiled by Bengaluru newsroom)
