PRESS DIGEST-British Business - October 30

Reuters

Oct 30

PRESS DIGEST-British Business - October 30

Oct 30 (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

- The Bank of England is poised to cut interest rates for the sixth time in just over a year amid rising unemployment and weaker-than-anticipated inflation, analysts at Goldman Sachs predict.

The Guardian

- Santander UK SANS_pa.L has urged the government to intervene in the 11 billion pounds ($14.76 billion) car finance compensation scheme, claiming that the current proposals could end up inflicting “significant” harm to consumers, jobs and the broader economy.

The Telegraph

- The Federal Reserve halts bond sales as the Bank of England faces pressure to do the same. The move could increase the likelihood that the UK halts its own selling programme in 2026.

Sky News

- Equinix EQIX.O says it will pump 4 billion pounds ($5.37 billion) into the UK with a new data centre on an 85-acre site in South Mimms, Hertfordshire, which will have 250 megawatts of processing capacity and aim to be up and running by 2030.

The Independent

- UK's independent energy regulator, Ofgem, has unveiled a new relief scheme poised to write off as much as 500 million pounds ($671.05 million) in household energy bill debt.

($1 = 0.7451 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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Reuters has not verified these stories and does not vouch for their accuracy. </p><p>The Times</p><p>     - The Bank of England is poised to cut interest rates for the sixth time in just over a year amid rising unemployment and weaker-than-anticipated inflation, analysts at Goldman Sachs predict.</p><p>The Guardian</p><p>     - Santander UK <span>SANS_pa.L</span> has urged the government to intervene in the 11 billion pounds ($14.76 billion) car finance compensation scheme, claiming that the current proposals could end up inflicting “significant” harm to consumers, jobs and the broader economy.</p><p>The Telegraph</p><p>     - The Federal Reserve halts bond sales as the Bank of England faces pressure to do the same. 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