PRESS DIGEST-British Business - October 5

By Reuters News

- 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

  • Britain is preparing to impose tariffs on Chinese electric vehicle imports, potentially matching the EU's 45% levy, to counter concerns that subsidised Chinese cars are being dumped into the market.

  • Ares Management ARES.N is seeking a £100 million payment from BT BT.L as a condition for approving BT's proposed fast-track insolvency takeover of TalkTalk, which could be completed within days.

The Guardian

  • Nigel Farage was interviewed by the parliamentary standards commissioner as part of an investigation into whether he should have declared a £5 million ($6.62 million) gift from crypto billionaire Christopher Harborne.

  • Andrew Griffith, finance policy chief for Britain's main opposition Conservative Party, said ministers had discussed making spending cuts across "every part of government", signalling the party could pursue reductions beyond the previously announced £47 billion if it wins the next election.

The Telegraph

  • Property billionaire David Reuben, one of Britain's richest men with an estimated fortune of £9.9 billion, has left Britain and moved to Monaco.

  • Councils in England could face an upfront bill of nearly £8 billion to take over and refurbish the country's 300,000+ long-term empty homes under proposed powers to seize properties after six months of vacancy.

Sky News

  • The U.S. Air Force has withdrawn all of its bombers, including B-1, B-2 and B-52 aircraft, from RAF Fairford following last month's suspected terror attack near the British air base.

  • Tesco TSCO.L is exploring a potential bid for Majestic Wine Group as part of an auction process to expand the supermarket group's retail footprint.

The Independent

  • More than 160 offshore workers at Apache APA.O are considering strike action over pay that could disrupt UK fuel supplies and affect seven assets linked to the Forties and Beryl oil fields.

($1 = 0.7553 pounds)

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