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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]

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]

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]

%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]