PRESS DIGEST-Financial Times - July 20

Reuters has not verified these stories and does not vouch for their accuracy. - Britain is expected to pay subsidies of around 500 million pounds ($646.75 million) to Tata Group to support a 4-billion-pound battery factory in the UK, a facility that will power a new generation of Jaguar Land Rover electric vehicles. - Rishi Sunak has apologised for the historical treatment of gay veterans and called a previous ban on LGBT+ people from serving in the military "an appalling failure of the British state".


Reuters | Updated: 20-07-2023 05:39 IST | Created: 20-07-2023 05:39 IST
PRESS DIGEST-Financial Times - July 20

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- UK inflation falls more than expected to 7.9% in June - Asda owners rapped by MPs over reluctance to open up on fuel prices and jobs

- UK government pays 500 million pounds in subsidies for Tata battery plant - Rishi Sunak apologises for past ban on LGBT+ people serving in UK military

Overview - UK inflation fell to a 15-month low of 7.9% in June, a bigger-than-expected drop that sent the pound falling, rallied property shares and came as a boost for Prime Minister Rishi Sunak.

- Asda executives were accused of damaging the company's brand after an "extraordinary" meeting with MPs at which they were reprimanded for not "complying" with a string of questions. - Britain is expected to pay subsidies of around 500 million pounds ($646.75 million) to Tata Group to support a 4-billion-pound battery factory in the UK, a facility that will power a new generation of Jaguar Land Rover electric vehicles.

- Rishi Sunak has apologised for the historical treatment of gay veterans and called a previous ban on LGBT+ people from serving in the military "an appalling failure of the British state". ($1 = 0.7731 pounds) (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback