November 21 (Reuters) – British newspapers’ business pages cover a variety of topics including pharmaceutical sales agreements, tax cuts, real estate developments, finance, and media industry news.
The pharmaceutical industry in Britain has reached an agreement with the government to sell NHS-branded products. This deal comes after months of disputes and warnings that the sector was losing international ground. Meanwhile, Rishi Sunak, the boss of Boodles luxury jewelry designer and retailer, has accused the UK prime minister of scrapping VAT-free shopping for foreign tourists, calling it a “spectacular own goal.”
In finance, Bank of England governor Andrew Bailey has warned that UK interest rates will need to stay high despite a sharp fall in annual inflation rates. Additionally, Prime Minister Rishi Sunak has hinted at potential business tax cuts to boost economic growth, promising to reduce the tax burden “carefully and sustainably” over time.
Turning to real estate, EY is in talks to abandon its London headquarters as working from home continues to transform professional life. In addition, Cazoo founder may see his shareholding in the company almost wiped out as bondholders take control. Lastly, Ofcom’s former boss is acting as a secret lobbyist for RedBird IMI which is in advanced talks to take control of The Daily Telegraph newspaper.