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PRESS DIGEST- Financial Times - Sept 22
September 21, 2017 / 11:29 PM / 3 months ago

PRESS DIGEST- Financial Times - Sept 22

Sept 22 (Reuters) - 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 budget deficit at lowest level in August for a decade on.ft.com/2xjcqeV

Investment consultancy probe to focus on lack of competition on.ft.com/2fEyeYB

Theresa May to offer stronger protection for EU citizens in Florence speech on.ft.com/2fEi1CK

Food and drink industry 'addicted to cheap labour' on.ft.com/2fDInVp

Overview

The UK public sector posted its lowest August budget deficit in 10 years, according to figures from the Office for Budget Responsibility, leading economists to predict that finance minister Philip Hammond will have more room for giveaways in his November Budget.

The UK Competition and Markets Authority will probe investment consultancies with a focus on conflicts of interest, barriers to entry and a lack of information for customers, after the industry was referred to the CMA by the Financial Conduct Authority because of “serious concerns” about the way it works.

Prime Minister Theresa May will promise to strengthen legal protections for EU citizens living in the UK in a speech in Florence on Friday in hopes of breaking the stalemate in Brexit negotiations.

UK’s food and drink industry cut back their capital investment last year and are “addicted” to cheap labour, after a second year of falling revenues, according to an annual review by OC&C, a consultancy. (Compiled by Bengaluru newsroom; Editing by Sandra Maler)

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