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In the UK, Metsä Tissue's main brand is Katrin, a paper towel and toilet roll brand used by corporate and professional clients. (Bloomberg) -- Finnish company Metsä Tissue is building a new paper mill in the Humber estuary of northeast England, in an investment worth hundreds of millions of pounds that will create 400 jobs. [Extracted from the article]

UK Gives 100 Days to Spend Last £14.5 Billion of Paper Banknotes (Bloomberg) -- The Bank of England said people holding £14.5 billion in old paper banknotes have just 100 days to spend or deposit the money before it becomes worthless. The UK central bank said about 477 million of Britain's last remaining banknotes printed on paper remain in the hands of the public but will cease to be legal tender after Sept. 30. [Extracted from the article]

This week, UK power prices for the first quarter of next year traded about £124 per megawatt-hour, about 2% lower than the equivalent French price of €147. (Bloomberg) -- The UK will increase power sales to the continent this winter as a slump in carbon prices makes it cheaper to produce electricity at gas and coal plants. [Extracted from the article]

The decline in carbon permits has accelerated since early July, when the government unveiled its plans for reforming the country's emissions market. (Bloomberg) -- The cost of UK pollution rights slumped to a two-year low, with prices now almost half those of their European Union counterparts. [Extracted from the article]

Brexit talks between the U.K. and the European Union resume next week after Prime Minister Theresa May's government released a series of position papers on its ambitions for the divorce and afterwards. The paper set out that Britain would guarantee that EU organizations and agencies could continue operating in Britain for a transitional period after Brexit. [Extracted from the article]

The Sun newspaper was the 16th most popular news source across all platforms in the U.K. in 2020, according to industry regulator Ofcom. (Bloomberg) -- Rupert Murdoch's News Corp. wrote down the value of its once high-flying Sun title to zero, underscoring the dramatic decline in Britain's newspaper industry. [Extracted from the article]

(Bloomberg) -- Since Victorian times, London's traders have used paper documents to track metal flowing in and out of warehouses, even as the rest of the world went digital. LME Ring Trader Catches Coronavirus; Trading Floor To Stay Open. [Extracted from the article]

Addressing delegates at what's been dubbed finance day at the summit, Sunak earlier promised to step up international climate aid, mobilize private sector finance and overhaul the global financial system to align it with a net zero future. (Bloomberg) -- U.K. Chancellor of the Exchequer Rishi Sunak said the world must translate hundreds of billions of dollars of pledges from companies and governments into concrete action on climate change, as he hailed a new "wall of capital" directed toward eliminating fossil fuel emissions. [Extracted from the article]

They also detail plans for a possible U.K. military presence inAfghanistan after the U.S.-led NATO operation there concludes. (Bloomberg) -- Documents containing classified information from the U.K.Ministry of Defence were found "in a soggy heap" by an anonymous personat a bus stop in Kent, the BBC reported on Sunday. [Extracted from the article]

The BBC didn't report further details of the Afghanistan operationdescribed on the documents due to the sensitivity of the matter. (Bloomberg) -- Documents containing classified information from the U.K.Ministry of Defence were found "in a soggy heap" by an anonymous personat a bus stop in Kent, the BBC reported on Sunday. [Extracted from the article]

%GBP, ALLTOP, BUSINESS, COS, EUROPE, EURTOP, GOV, INDUSTRIAL, INDUSTRIES, TOP, TRN, UK, WORLD Keywords: %GBP; ALLTOP; BUSINESS; COS; EUROPE; EURTOP; GOV; INDUSTRIAL; INDUSTRIES; TOP; TRN; UK; WORLD EN %GBP ALLTOP BUSINESS COS EUROPE EURTOP GOV INDUSTRIAL INDUSTRIES TOP TRN UK WORLD QW3LYCT0AFB9 (Bloomberg) -- Sign up for our Beyond Brexit weekly newsletter, follow us @Brexit and subscribe to our podcast. [Extracted from the article]

The UK Treasury has cautioned against implementing a fiscal stimulus, as it may cause interest rates to rise by up to 1.25 percentage points. This warning is in response to Conservative members of Parliament who are advocating for significant tax cuts before the upcoming general election. The Treasury's policy paper states that increasing borrowing by £25 billion, or 1% of GDP, could result in a 0.5 to 1.25 percentage point increase in interest rates, which is a larger impact than previously estimated by the Office for Budget Responsibility and International Monetary Fund. The Treasury attributes this increased sensitivity to stimulus to Britain's persistent inflation problem. [Extracted from the article]

The price has been bolstered by rising costs for gas, which make it more profitable for generators to burn dirtier coal to produce power. (Bloomberg) -- The price of polluting across Europe is rising as traders bet generators will keep burning coal instead of expensive natural gas. [Extracted from the article]

McDonald's Corp. will start rolling out paper straws in the U.K. and Ireland, with plans to phase out the plastic variety in all 1,361 locations there in 2019. In May, McDonald's shareholders overwhelmingly rejected a proposal asking the company for a report about the business risks associated with plastic straws. [Extracted from the article]

Britain and the European Union are at odds over how soon the Brexit talks can pivot toward a trade deal as Theresa May's government seeks to turn on the pressure by disclosing more policy details. Britain wants to ensure goods placed on the market before exit day can continue to be sold in the U.K. and EU afterward, one 9-page paper said. [Extracted from the article]

The U.K. government is delaying publication of a policy document outlining its latest thinking about energy, leaving industry uncertain about how ministers will shape markets to meet their green goals. For years, the official government policy has been that the U.K. wants to replace a generation of nuclear plants that are finishing their life in service this decade. [Extracted from the article]

Pro-Brexit detractors within May's Conservative Party oppose her current so-called Chequers plan for Brexit, and would be prepared to embrace a no-deal pathway. Sky also reported that Transport Secretary Chris Grayling has written to his 27 EU counterparts urging them to negotiate bilateral deals "as soon as possible" to ensure seamless air and road transport with Britain in the event of a no-deal Brexit. [Extracted from the article]

Brexit Secretary David Davis has been summoned by U.K. lawmakers who are fighting to make him publish a series of secret papers on the economic impact of Brexit. Davis tried to calm the row by giving all lawmakers access to the 800-page document, which assesses how Britain's exit from the EU will affect 58 sectors of the economy. [Extracted from the article]

"A U.K. only emissions trading system risks exposing U.K. manufacturers to much higher costs than those in other European countries", said Steve Elliott, chief executive officer of the Chemical Industries Association. (Bloomberg) -- Groups representing traders and the biggest industrial and energy companies in the U.K. and Europe called on British Prime Minister Boris Johnson to establish a link between the country's nascent emissions trading program and that run by Brussels. [Extracted from the article]

Issuers should be disclosing their reserves on "a daily basis", said Bill Cannon, head of ETF portfolio management at crypto asset manager Valkyrie. Keywords: %XDT; %XUC; %XUT; 0890888DID; 0899303D; 1624511D; 19963Z; ALLTOP; BON; BUSINESS; COS; ETF; EUROPE; FIN; GOV; INDUSTRIES; MARKETS; TEC; TECSVC; TOP; UK; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN %XDT %XUC %XUT 0890888DID 0899303D 1624511D 19963Z ALLTOP BON BUSINESS COS ETF EUROPE FIN GOV INDUSTRIES MARKETS TEC TECSVC TOP UK WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU As crypto's most traded tokens, stablecoins have ballooned in circulation under a relatively light-touch regulatory regime. Following its fine last year, the issuer said it planned to reduce its commercial paper holdings over time in favor of more liquid assets like US Treasury bills. [Extracted from the article]

After months of dither and delay, Prime Minister Theresa May finally spelled out in detail the U.K's vision for its post-Brexit partnership with the European Union. Britain wants to stay involved in the Galileo navigation satellite program, in particular its Public Regulated Service -- the encrypted navigation used for government and defense purposes, from which the EU wants to exclude Britain. [Extracted from the article]

The ownership of the Telegraph, a prominent UK newspaper, is currently being contested by various parties. The Barclay family, who have owned the paper for 19 years, want to keep it, but their lender, Lloyds Banking Group, seized it due to unpaid debts. Hedge fund moguls, media barons, and Middle Eastern investors are also vying for control. The auction for the paper has been suspended as the Barclays attempt to regain the assets with Middle Eastern financial backing, and the British government may intervene. The outcome of this battle is significant, as the Telegraph has long-standing ties to the Conservative party and could influence the next party leader. Concerns have been raised about media freedom and potential foreign ownership of the paper. The government may issue a Public Interest Intervention Notice, triggering further scrutiny from regulators. The uncertainty surrounding the ownership of the Telegraph has implications for its editorial independence and the future direction of the paper. [Extracted from the article]

The price of paper in Europe has more than doubled since a year ago, with the cost of newsprint reaching an "all-time high", Reach Plc said Tuesday while releasing its first-half results. (Bloomberg) -- The costs of printing newspapers in the UK soared this year amid paper shortages and spikes in energy prices, prompting the owner of the Mirror and Express tabloids to trim page counts. [Extracted from the article]

Corbyn is closer to becoming prime minister than many think, the Telegraph reports, citing an internal party memo that fears a loss of 12 Tory seats would mean Johnson's ejection from Downing Street. The Conservatives have released an ad parodying the movie "Love Actually", with Johnson taking the part originally played by Andrew Lincoln, of a man desperate to run away with his best friend's wife. [Extracted from the article]

(Bloomberg) -- Britain's Front Pages Show the Nation's Divide Over Brexit It's all a long way from the pro-Brexit illustrations that the newspaper used this year to show its support for exiting the EU and the BeLEAVE in Britain front page on the day after the referendum vote. [Extracted from the article]

To contact the reporter on this story:Thomas Seal in London at tseal@bloomberg.netTo contact the editors responsible for this story:Anthony Palazzo at apalazzo@bloomberg.netEric Pfanner Attribution Eric Pfanner: editor Thomas Seal: by reporter Anthony Palazzo: editor responsible. [Extracted from the article]

(Bloomberg) -- Shrinking populations could actually be good for the world's richest nations, according to a paper that examined the impact of the UK's expected demographic slump and counters conventional wisdom. A study into population decline by David Miles, chief forecaster at the UK's Office for Budget Responsibility, found that "the economic impacts are likely, on balance, to be positive" and "predictions of dire effects are implausible.". [Extracted from the article]

A study into population decline by David Miles, chief forecaster at the UK's Office for Budget Responsibility, found that "the economic impacts are likely, on balance, to be positive" and "predictions of dire effects are implausible." (Bloomberg) -- Shrinking populations could actually be good for people in the world's richest nations, according to a paper that examined the impact of the UK's expected demographic slump. [Extracted from the article]

Desmond's Northern & Shell Media Group Ltd. owns four national newspapers -- the Daily Express, Sunday Express, Daily Star and Daily Star Sunday. Desmond, previously known for publishing pornographic magazines, became a major U.K. newspaper owner in 2000 when he bought the Express group from United News & Media Plc for 125 million pounds ($152 million). [Extracted from the article]

A U.K. judge blocked an attempt by an anti-Brexit group to force the national government to release internal reports into the issues facing the country during and after it leaves the European Union. U.K. lawmakers have twice forced the government to disclose Brexit analyses to them by winning votes in the House of Commons. [Extracted from the article]

While the trip was long-planned, her timing couldn't be better as Britain's financial firms were left up in arms over the U.K.'s post-Brexit plans. About 3,500 financial services jobs are currently slated to move from the U.K. to France, according to Geny-Stephann. [Extracted from the article]

U.K. inflation unexpectedly accelerated to the fastest in more than 5 1/2 years in November, which will force Bank of England Governor Mark Carney to explain why price growth is so far above his policy target. Upward pressure on inflation last month came from the price of computer games and air fares falling less than they did a year earlier, as well as fuel prices, the ONS said. [Extracted from the article]

China's dismissive critique of the U.K. treaty governing the return of Hong Kong raised new doubts about its commitment to the city's autonomy and other international agreements. "Beijing is either disavowing its treaty obligations or declaring its intention to breach the treaty", Michael Davis, a former professor of constitutional law at Hong Kong University, said Saturday. [Extracted from the article]

FCA enforcement head Mark Steward said agency hasn't seen data To contact the reporter on this story:Suzi Ring in London at sring5@bloomberg.netTo contact the editors responsible for this story:Anthony Aarons at aaarons@bloomberg.netChristopher Elser, Eddie Buckle Attribution Suzi Ring: by reporter Anthony Aarons: editor responsible Eddie Buckle: editor Christopher Elser: editor. [Extracted from the article]

The U.K. is more vulnerable to financial shocks than most other nations, a Bank of England study concluded, indicating that openness to trade and banking poses some risks. "Openness could be a double-edged sword", the researchers wrote in a paper published in the BOE's quarterly bulletin on Friday. [Extracted from the article]

U.K. Scientists Advised Ministers to Ease Lockdown "Gradually" The public will lose faith in the U.K.'s coronavirus strategy if ministers ease the lockdown and then impose restrictions again later, according to advice from government experts. Easing Lockdown An April 1 paper on how to relax the lockdown measures shows government scientists examined tactics to ease restrictions and then tighten them again. [Extracted from the article]

The UK committee advising on financial law has stated that pension trustees may consider climate change when making investment decisions, addressing concerns that this could be a breach of fiduciary duty. The committee emphasized that trustees are required to make careful decisions and should consider factors such as climate change that may not be reflected in market prices. While the guidance is aimed at pension funds, it is also relevant for legal advisers, investment consultants, fund managers, and insurers. The committee's findings are not legally binding, but ESG investors in the UK have welcomed the announcement and called for their incorporation into financial market regulation and monitoring. [Extracted from the article]

(Bloomberg) -- The UK no longer wants hedge funds to publicly reveal their large short positions in company stocks, which the government says risks copycat trades and short squeezes. Hedge Funds Shorting Stocks Face More SEC Disclosure Rules --With assistance from Nishant Kumar. [Extracted from the article]

U.K. consumers have just one year left to spend about 24 billion pounds ($32 billion) of paper 20- and 50-pound notes as the Bank of England withdraws them from circulation. The notes, which have been superseded by polymer equivalents featuring artist J.M.W. Turner and mathematician Alan Turing, will no longer be accepted in shops after Sept. 30, 2022, the BOE said Wednesday. [Extracted from the article]

(Bloomberg) -- The U.K. government vowed to protect British consumers against the costs of phasing out greenhouse gas emissions after the Times newspaper said ministers have drawn up carbon-cutting plans that would raise the price of heating homes and running cars. The paper said ministers plan to consult later this year on expanding its domestic emissions trading program to cover emissions from heating buildings and fueling vehicles. [Extracted from the article]

(Bloomberg) -- The U.K. government has wasted opportunities to learn how best to close Britain's regional wealth gap, leaving its "leveling up" agenda at risk of failure, the National Audit Office warned. U.K. Wasted Chances to Learn How to "Level-Up", Auditor Says The white paper is a key plank of Boris Johnson's effort to move the political discussion beyond the "partygate" scandal, which has sparked a police investigation into Covid-19 rule breaches at Downing Street. [Extracted from the article]

Brexit department considering how to keep papers confidential The U.K. government is preparing to show a panel of lawmakers secret papers detailing the economic impact of Brexit, but wants to keep the information out of the public gaze. [Extracted from the article]

(Bloomberg) -- The U.K. government's long-awaited policy paper on energy will outline "major investments" in hydrogen, carbon capture and storage, and nuclear power as well as reforms for the retail supply market. The white paper will target household energy suppliers like Centrica Plc and Electricite de France SA, and outline ways to get customers off the most expensive plans. Read more about the U.K.'s price cap here Energy companies shouldn't be able to roll over contracts indefinitely or punish long-standing customers, according to an official. [Extracted from the article]

(Bloomberg) -- U.K. Conservative members of Parliamenturged Prime Minister Boris Johnson to come good on along-held government promise and pass a law cracking downon the use of U.K. property for money laundering. What the Pandora Papers Reveal About Offshore Wealth:QuickTake Just last week, Business Minister Paul Scully gave awritten statement to Parliament saying that the creationof the register "will strengthen our already impressivecontrols", and that legislation would be introduced "assoon as parliamentary time allows.". [Extracted from the article]

The U.K.'s Financial Conduct Authority released a consultation paper on Wednesday outlining an initial approach for how asset managers should label ESG products. Keywords: 0629846DBB; 2630281ZLN; BUSINESS; COS; EUROPE; FIN; GOV; INDUSTRIES; MARKETS; SUSTAIN; UK; WORLD EN 0629846DBB 2630281ZLN BUSINESS COS EUROPE FIN GOV INDUSTRIES MARKETS SUSTAIN UK WORLD Asset managers in the U.K. may be facing more rules dictating how to classify environmental, social and governance investments than their peers in the European Union, creating extra red tape for firms that do business in both jurisdictions. [Extracted from the article]

The U.K.'s Financial Conduct Authority released a consultation paper on Wednesday outlining an initial approach for how asset managers should label ESG products. (Bloomberg) -- Asset managers in the U.K. may be facing more rules dictating how to classify environmental, social and governance investments than their peers in the European Union, creating extra red tape for firms that do business in both jurisdictions. [Extracted from the article]

"Firms are still facing a high cost of doing business, which is whittling down already paper-thin margins due to the inherent fear of passing on further cost to the consumer." (Bloomberg) -- Corporate insolvencies jumped by a fifth as British companies battled inflationary headwinds, higher borrowing costs and squeezed consumers. [Extracted from the article]

The UK Conservative Party set a high bar for candidates to succeed Prime Minister Liz Truss to even get on the ballot paper. Truss said Thursday she was quitting as prime minister after a tumultuous and brief period in office in which she announced an economic package that roiled the financial markets before sacking her finance minister and backtracking on most of her planned tax measures. [Extracted from the article]

(Bloomberg) -- The UK Conservative Party is due to set a high bar for candidates to succeed Prime Minister Liz Truss to even get on the ballot paper. Truss said Thursday she was quitting as prime minister after a tumultuous and brief period in office in which she announced an economic package that roiled the financial markets before sacking her finance minister and backtracking on most of her planned tax measures. [Extracted from the article]