Britain Cost Cutting

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  UK's Sajid Javid Sets Out Tax-Cutting Plan In Pitch To Be PM

  Sajid Javid, a contender to replace Boris Johnson as Britain's prime minister, said on Monday he would cut a slew of taxes and hold an emergency budget to increase help for households hit by the rising cost of living if he was chosen as leader.

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  UK Says Sadiq Khan "Bankrupted" London Authority, Demands Cost Cuts

  Britain is looking to force the body responsible for running London to sell off land and cut running costs as part of a fractious financial COVID-19 bailout designed to keep the capital's transport system running.

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  BMW Delays Next Generation Mini Due To Brexit Uncertainty, Costs

  BMW has delayed the development of its next generation Mini as it seeks to cut costs and as uncertainty over Britain's trade relations with the European Union make long-term investment decisions harder.

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  Guardian Newspaper Adopts Tabloid Format To Cut Costs

  Britain's Guardian newspaper adopted a new tabloid format and a re-designed masthead with simple black lettering from Monday as part of a drive to cut costs.

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  Britain Faces Huge Costs To Avoid Power Shortages With Electric Car Plan

  In July, the government said it would ban the sale of new petrol and diesel cars and vans from 2040. The aim is to reduce air pollution, a source of growing public health concerns, and help Britain to cut carbon emissions by 80 percent by 2050 from 1990 levels - the target it has set itself.

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  UK's Guardian Could Go Tabloid, Switch To Rival's Presses: Sources

  Britain's Guardian newspaper is considering becoming a tabloid and outsourcing printing to a rival such as Rupert Murdoch's News UK as one of a series of options to cut costs, sources told Reuters.

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  For This Fighter Jet, Pentagon Working To Cut Costs From 100 To 85 Million

  The U.S. Defense Department on Monday extended by two years a project that has cut the cost of Lockheed Martin Corp's F-35 fighter plane by more than $1 million per jet, and kicked off a similar project to cut operating and maintenance costs.

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  Sterling Hits Lowest Level Since 1985, Gilt Yield Record Low Below 1%

  British financial markets were engulfed in further turmoil on Monday, with 10-year government borrowing costs sinking below 1 per cent for the first time and sterling hitting a 31-year low against the dollar as investors bet Britain's vote to leave the European Union will trigger a Bank of England rate cut.

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  Royal Bank of Scotland Planning To Cut 900 Jobs To Reduce Costs: Report

  Royal Bank of Scotland is planning to cut about 900 jobs in Britain, sources familiar with the process said, taking the total number of layoffs in the last four months to around 5 percent of the bank's British workforce.

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  Thousands of Jobs at Risk as Tata Steel Seeks British Exit

  Tata Steel is seeking to sell Britain's biggest steel-making business, putting thousands of jobs at risk in an industry that once dominated the country but has been brought low by falling prices, high costs and Chinese competition.

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  Tata Steel Says 720 UK Jobs Could Become Redundant

  Most of the jobs at risk are at the company's Rotherham-based business, which has been underperforming because of cut-price steel imports into Britain, and electricity costs which are more than double those of key European competitors.

• Britain details radical cuts in spending, citing debt

  Seeking to free itself of crushing debt, the British government unveiled the country's steepest public spending cuts in decades on Wednesday, sharply reducing welfare benefits, raising the retirement age earlier than planned and eliminating almost half a million public sector jobs over the next four years. "Today is the day when Britain steps back ...