EU Nations Scheme to Clinch U.K.-Based Agencies Post-Brexit: Britain’s planned exit from the European Union is triggering a contest for the spoils that some observers say has all the decorum of a lurid pop-music extravaganza. U.K. Agency Reports Russian Hacking Across Industries: Russia has launched cyberattacks against the U.K. media, telecommunications and energy sectors, the British government’s top cybersecurity official said. BOE’s Broadbent: Brexit May Not Bring Lower Interest Rates: A senior Bank of England official has warned investors not to assume that the UK's looming departure from the European Union will inevitably mean lower interest rates, Dow Jones reports. U.K. Employment Falls: The U.K.'s employment numbers fell for the first time in almost two years in the three months through September, as the number of people dropping out of the workforce rose significantly. Goldman Partner Says U.K. Would Be ‘Like Cuba Without Sun’ Under Corbyn: A Goldman Sachs Group Inc partner made a rare political swipe on Wednesday, calling the weakness of the U.K. government “scary” and warning it could trigger an election win for left-wing opposition leader Jeremy C orbyn that would be a “disaster.” New Bond Street Takes Crown as Europe’s Most Expensive for Shops: Despite concerns that rising inflation could hit U.K. consumers in the pocket, London's premium shopping street has become the most expensive in Europe, in part due to the rise of international tourists taking advantage of the weaker pound. A Specter is Haunting Europe’s Recovery: Zombie Companies: Hundreds of staggering firms are kept alive by struggling banks, which in turn undercut healthy rivals by and tie up capital that could be used more productively elsewhere. Economists and central bankers worry they are a drag on the continent just as growth is resuming. Home of Scotch Whisky Pops the Cork on Alcohol Price Floor: In a blow to big alcohol, the U.K.’s Supreme Court has ruled that Scotland can set the floor on beverage prices, in a decision that could set a global precedent. |