PRESS DIGEST-Financial Times - August 8

Headlines - UK to hold national security review of 4.2 bln stg deal for key gas network https://on.ft.com/3JFY3Ej - Next faces HMRC probe over incorrect staff payments https://on.ft.com/3vLuJ9P - Plans to axe 91,000 UK civil servants would 'cut public services' https://on.ft.com/3Q9enjg Overview - The UK government is to review a 4.2 billion pounds ($5.06 billion) foreign takeover of a 60% stake in National Grid gas transmission business by an international consortium led by Australia's Macquarie, under the National Security and Investment Act.

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 to hold national security review of 4.2 bln stg deal for key gas network https://on.ft.com/3JFY3Ej - Next faces HMRC probe over incorrect staff payments https://on.ft.com/3vLuJ9P

- Plans to axe 91,000 UK civil servants would 'cut public services' https://on.ft.com/3Q9enjg Overview

- The UK government is to review a 4.2 billion pounds ($5.06 billion) foreign takeover of a 60% stake in National Grid gas transmission business by an international consortium led by Australia's Macquarie, under the National Security and Investment Act. - Fashion retailer Next PLC is facing an investigation by the UK's tax authority after a botched rollout of a new payroll system led to thousands of employees receiving incorrect salary payments after the company replaced its in-house payroll software with a system from U.S. group Oracle at the start of the year.

- British Government plans to axe up to 91,000 civil servants over three years will require deep cuts to public services and cost at least 1 billion pounds in redundancy payments, according to a Whitehall review. ($1 = 0.8298 pounds)

(Compiled by Bengaluru newsroom)