Unbiased UK news from @business 📨 The Readout bloom.bg/45Arum5 💷 Money Distilled bloom.bg/3MLPQ3 📈 Markets Today bloom.bg/marketstoday

London, England
Goodbye, Lightning port 👋 Members of the European Parliament overwhelmingly voted to force Apple and other companies to use a standard USB-C charger on their products — including the iPhone trib.al/dt17Rlt
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BREAKING: Boris Johnson says the U.K. will now get ready to split from the EU’s single market and customs union without a new trade agreement trib.al/ArzwaT2
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UK markets have lost at least $500 billion in combined value since Liz Truss took over as prime minister trib.al/OcpmAAt
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NEW: The Qatari group led by Sheikh Jassim is increasingly confident it's won the bidding war for Manchester United, thwarting a rival offer from British billionaire Jim Ratcliffe trib.al/yEhIERo
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"Boris Johnson has been lying to the people in the U.K." German MEP Theresa Reintke tells the U.K. prime minister to return to the negotiating table, "stop blaming others for your own actions," and "take responsibility" for Brexit bloom.bg/3jhYVAb
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Britain drops behind India to become the world's sixth largest economy The former British colony jumped past the UK in the final three months of 2021 to become the fifth-biggest economy ⬇️ trib.al/kX7noYB
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Prince Charles announces the government's top priority is to "help ease the cost-of-living for families," with a promise to "level up opportunity in all parts of the country" bloom.bg/3srLLZ0
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"The Commission has decided to send a letter of formal notice to the U.K. government" European Commission President Ursula von der Leyen says the EU is starting legal action against the U.K. for breaching its obligations under the Withdrawal Agreement bloom.bg/2Gr9W4o
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BREAKING: Boris Johnson announces "largest set of economic sanctions Russia has seen," including banning Russian banks from U.K. finance system, blocking Russian firms from raising finance in London and sanctions against over 100 individuals and entities bloom.bg/3Hlj9VD
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The pound climbed to its its highs of the day after Boris Johnson lost his parliamentary majority bloom.bg/32lhI5J
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The British Soft Drinks Association says manufacturers have “only a few days” of carbon dioxide left in reserve to produce beverages and can’t import supplies from the EU due to Brexit trib.al/HwXRZXD
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"Hasta la vista, baby" This is how Boris Johnson signed off his final #PMQs as prime minister: with advice to "stay close to the Americans" and a quote from Terminator 2 bloom.bg/3OgnWLP
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"This has just been shameful" — Labour's Yvette Cooper says U.K. government response to Ukrainian refugee crisis has been "a total disgrace... bringing shame upon our country" bloom.bg/3hSTSIg
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NEW: The Glazer family would consider selling a minority stake in Manchester United, sources reveal, as pressure mounts on their ownership of the iconic football club trib.al/r8G7mo4
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A firm belonging to the son of Nigeria’s president-elect bought an $11 million London mansion that his predecessor’s government was seeking to confiscate as part of a corruption probe, documents show trib.al/eqdeyro
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Watch the moment that Nick Boles resigned from the Conservative Party, blaming his party for "refusing to compromise" on its Brexit deal bloom.bg/2JW6111
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PM Rishi Sunak says that as chancellor, he "introduced a new tax on energy companies" and tells Labour to "keep up" Keir Starmer responds: "He introduced a tax on Shell and they haven't paid a penny, fantastic work" #PMQs bloom.bg/3Ztmonx
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"If I see this country steering itself over a cliff, backing fossil fuel, I'm going to start pulling out" Mining billionaire Andrew Forrest threatens to pull investment from the UK over "clickbait" climate policies trib.al/iGXYH47
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"The prime minister, now, should be long gone... the gig's up" Influential Conservative MP Steve Baker explains why he is unable to forgive Boris Johnson for his handling of "partygate," saying any other minister would have been forced to resign bloom.bg/3OtVneY
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80% of Britain’s inflation problem stems from Brexit, according to a former Bank of England policy maker trib.al/J9YbWFA
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Polls suggest "the vast majority want to get out now, even if they voted Remain" and most people would be happy with a no-deal Brexit, Iain Duncan Smith says bloom.bg/2ExbxBb
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"A man is a man and a woman is a woman, that's just common sense" UK Prime Minister Rishi Sunak says "we shouldn't get bullied into believing that people can be any sex they want to be," to loud cheers and applause at the Conservative Party Conference trib.al/qJb4x3V
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Brexit "has been tragic for UK business," Brewdog CEO James Watt says "It's massively handicapped UK companies that do business in Europe with zero benefit," he tells @lizzzburden trib.al/7XVq6w5
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"I think we're actually in a really good place" International Trade Secretary Kemi Badenoch says many businesses have welcomed the economic policies set out by Liz Truss's government, adding "market turmoil happens fairly frequently" trib.al/3wEpWNU
Bloomberg TV
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Treasury Minister Andrew Griffith fails to name a single benefit of Brexit, after being put on the spot by the SNP's Peter Grant in the House of Commons bloom.bg/3gtq8Vk
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"We've no idea where Liz Truss is, we've no idea where the chancellor is" — Former Bank of England policy maker @D_Blanchflower says the UK economy is "now in chaos" bloom.bg/3fsDS1J
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JUST IN: Pound slumps to record low against dollar trib.al/triC0DC
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"The UK is behaving like an emerging market turning itself into a submerging market" Former US Treasury chief Larry Summers says he would not be surprised to see the pound drop below one dollar if Liz Truss's government continues on its policy path bloom.bg/3UxrvRU
Bloomberg TV
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Liam Fox's plan to swiftly replicate the EU's terms with the World Trade Organization has failed. Now Britain must enter what are likely to be lengthy talks with other members on basic conditions of trade after Brexit: bloom.bg/2D6vDnB
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"Mr President, I would really like to hug you but I am not allowed" "Why not?" President Volodymyr Zelenskiy hugs a reporter during a press conference with UK Prime Minister Rishi Sunak bloom.bg/3JRlkFv
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Rishi Sunak says the government's computer system wouldn't let him increase benefits further this year in response to the cost of living crisis The chancellor acknowledges "technical problems sounds like an excuse" trib.al/MYXK7OU
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"Where is she? She's run away!" Labour MPs call out to Suella Braverman, who left the Commons chamber before an Urgent Question from Yvette Cooper on her reappointment as home secretary bloom.bg/3TW5US3
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Traffic on major routes in Kent has been brought to a standstill again due to delays in Channel crossings A 23-mile stretch of the M20 was closed to store thousands of lorries heading for the Port of Dover or Eurotunnel trib.al/1PKM4Xt
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On the night of the Brexit referendum the British pound went into free fall. While many watched with horror, a handful of hedge funds were making staggering profits bloom.bg/2Y2qi7X
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BREAKING: Morgan Stanley plans to move about 100 billion euros of assets to Frankfurt, the latest Wall Street bank to shift business from the U.K. trib.al/OQPW7x7
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At least ÂŁ300 billion has been wiped from the combined value of UK stock and bond markets since Liz Truss became prime minister @marketsjoe explains why some investors see Britain as "uninvestable" bloom.bg/3M9qPyk
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"Roman Abramovich is not sanctioned... his children are not in the bombardments, his children are there in London" Ukrainian activist Daria Kaleniuk singles out Chelsea's oligarch owner as she confronts Boris Johnson bloom.bg/3IB4g3c
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"All along the way, everything he has sought to do has been about him" — Labour's Jess Phillips accuses Boris Johnson of failing to answer simple questions on lockdown parties in Downing Street bloom.bg/3OtVneY
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BREAKING: Boris Johnson says the U.K. is now preparing for a relationship with the EU "more like Australia's, based on simple principles of global free trade," as the bloc has "refused to negotiate seriously" in Brexit talks More: trib.al/Bp8mYEl
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Media leaks have not dented sales of Prince Harry's memoir 'Spare,' which is set to be one of the best-selling books of the year, say retailers trib.al/LLZ2fJ6
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EXCLUSIVE: The EU is ready to suspend its trade deal with the UK if Boris Johnson's government revokes the Northern Ireland protocol trib.al/VOJm3iJ
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"The reality of being a third country has come home to roost" Mairead McGuinness, European commissioner for financial services, warns "change is coming" for the City of London after Brexit, with no fixed timeline for a decision on equivalence trib.al/JsMoSTl
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JUST IN: Scotland's First Minister Nicola Sturgeon says her government proposes a new independence referendum be held on 19 October 2023 The question that would be put before voters: "Should Scotland be an independent country?" bloom.bg/3y0Kmuf
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The Brexit fallout is never far from the headlines Recent weeks have seen truck queues, crisis talks, and a new Minister for Brexit Opportunities So, what is the state-of-play for the U.K. after leaving the EU? Join @Joe_Mayes and @Elashton to find out nitter.app/i/spaces/1zqKVBVXDwWKB
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NEW: The U.K. government will not publish an impact assessment of its trade deal with the EU despite producing similar reviews of other major trade pacts it has signed trib.al/qzdondH
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BREAKING: The European Commission will send a “letter of formal notice” to the U.K. for breaching the Withdrawal Agreement, the first step in a process that could result in a lawsuit trib.al/eZdjmRi
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"Long live the king. Slava Ukraini" — President Zelenskiy ends his speech at Westminster Hall He says two years ago he left UK Parliament with "delicious English tea," today he's leaving "thanking all of you in advance for powerful English planes" bloom.bg/3JRlkFv
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A key part of the U.K.’s post-Brexit border IT system could remain out of service until at least Monday Here's what's gone wrong and why it's adding to traffic chaos at the country's busiest port ⬇️ trib.al/xxDYqoe
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A cortege carries the coffin of Queen Elizabeth II from Buckingham Palace to Westminster Hall, with King Charles III, Princes William and Harry and other royals walking behind Huge crowds have gathered to watch the historic procession trib.al/JdXVRsC
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"Europe has clearly won the battle for its own share trading" Aquis CEO Alasdair Haynes, from London's second-biggest venue for trading European shares, says 99.6% of trades shifted to the EU overnight — "a spectacular own goal" for Britain post-Brexit trib.al/HHIIj4c
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Tributes to the Queen roll in from international leaders, with France's Emmanuel Macron saying she "marked her country... forever” Ireland's Michael D Higgins praised her "exceptional dignity," saying she "did not shy away from the shadows of the past" trib.al/3lewwTg
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"Pay rises for City bankers, pay cuts for district nurses — that’s the new approach" Labour's Keir Starmer challenges Boris Johnson on reports he's considering relaxing restrictions on executive pay, saying PM has "rolled over on bankers' bonuses" #PMQs bloom.bg/3bl5u6T
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BREAKING: "We cannot and will not just look away" — U.K. Prime Minister Boris Johnson pledges support for Ukraine and sanctions against Russia, saying Vladimir Putin has "unleashed war... without any credible excuse" Latest: bloom.bg/3Hlj9VD
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Bank of England policy maker says Brexit drove away small EU exporters and caused highest food inflation in 45 years trib.al/CKyf0am
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EXCLUSIVE: The UK government is planning for several days of organised blackouts this winter for industry and households under its latest “reasonable worst-case scenario” trib.al/ljWNO1J
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Either Liz Truss or Rishi Sunak will take over a UK that's facing the fastest inflation in four decades and risks of a recession that the Bank of England says may last into 2024 By contrast, the Indian economy is forecast to grow more than 7% this year bloom.bg/3CRWG45
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A month on from Brexit, British firms are being slowly ground down by cross-border delays — but it's a story that's barely made a ripple in the U.K. trib.al/AXPf2tf
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JUST IN: Labour calls on the government to investigate whether power-trading firms are manipulating energy markets to boost their profits, after an investigation by Bloomberg News trib.al/1bKpvL0
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The UK’s decline down the international rankings is an unwelcome backdrop for the new prime minister, and comes in the final few days of Boris Johnson's time in power bloom.bg/3CRWG45
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The formal notice of Queen Elizabeth's death that was placed outside Buckingham Palace a short time ago It reads: "The Queen died peacefully at Balmoral this afternoon" More: bit.ly/3L1LdAQ
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The unmistakable evidence that Brexit has already been bad for Britain bloom.bg/2kVo3CV
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"You pushed your luck too far," Nigel Farage tells Michel Barnier and calls for the EU to reject any request to delay Brexit bloom.bg/2EVokO4
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Brexit is "completely senseless in the modern world" and people "need to wake up," Finland's ex-PM @alexstubb says bloom.bg/2WbdV8G
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BREAKING: Queen Elizabeth II, the UK's longest-reigning monarch, has died. She was 96. In a statement, Buckingham Palace said: "The Queen died peacefully at Balmoral this afternoon." trib.al/k2BVZ81
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Psilocybin, a hallucinogenic compound found in fungi, helped "open up" and improve communication within the brain, researchers from Imperial College London found That kind of liberating effect wasn't seen with the traditional antidepressant Lexapro, according to the study
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The UK strikes couldn’t have come at a worse time for the retail and hospitality sectors. And it could get even tougher in 2023.
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Hedge funds made millions from the pound's Brexit crash. @CamSimpsonNews spent 7 months investigating how bloom.bg/2trNaju
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Boris Johnson is singled out for praise by Ukrainian President Volodymyr Zelenskiy, who says the former UK prime minister "got others united when it seemed absolutely, absolutely impossible" bloom.bg/3JRlkFv
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"You may say I’m a dreamer" - Donald Tusk quotes John Lennon as he hopes for Brexit reversal bloom.bg/2rUV1r6
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U.K.'s secret Brexit studies reveal that Airbus makes planes bloom.bg/2kXf3LA
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🍕 The last Domino’s Pizza in Italy has closed for good 🍕 Despite ambitious plans and major investment from the global chain, Italians continued to choose local restaurants over the American option trib.al/uQBAJvj
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"How shameful does that make us look around the world?" Labour's Yvette Cooper criticises Priti Patel over planned deportation of migrants to Rwanda, saying the home secretary is only concerned with "picking fights and finding someone else to blame" bloom.bg/39sJs1i
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"We have a deal in trade which benefits the EU, but not a deal in services which would have benefited the U.K." Ex-PM Theresa May gives her verdict on Boris Johnson's Brexit deal, warning MPs not to think that "sovereignty means isolationism" bloom.bg/3o1Y4GW
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BREAKING: Bank of England hikes interest rates by 50 basis points to 1.75%, the biggest increase in 27 years, warning the UK economy faces a long recession trib.al/NMaRe1o
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"The EU does not have a trade agreement with Australia. We are currently trading on WTO terms" EU Commission President Ursula von der Leyen says she was "a little surprised" to hear Boris Johnson speak about an 'Australian model' for post-Brexit trade trib.al/stBVXIj
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BREAKING: The U.K. government plans to phase out all imports of Russian oil, its latest sanctions move against Vladimir Putin’s administration over the war in Ukraine trib.al/kGue3f9
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On an adjusted basis and using the dollar exchange rate on the last day of the quarter, the size of the Indian economy in "nominal" cash terms in the quarter through March was $854.7 billion On the same basis, the size of the UK economy was $816 billion bloom.bg/3CRWG45
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