Financial Times Headlines: BP's New Rules, UK Politics & Fraud Refund Plans

This summary covers Financial Times' top stories including BP's new workplace intimacy disclosure rules post-Looney sacking, the British payments watchdog's rejection of fraud refund plan delays, Rishi Sunak's focus on tax cuts in the Tory manifesto, and Labour's potential capital gains tax hike.

Reuters | Updated: 11-06-2024 08:05 IST | Created: 11-06-2024 08:05 IST
Financial Times Headlines: BP's New Rules, UK Politics & Fraud Refund Plans
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The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- BP toughens workplace intimacy rules in wake of Looney sacking - UK payments watchdog rejects industry call to delay fraud refund plan

- Rishi Sunak puts tax cuts at the centre of Tory election manifesto - Labour sparks concern over potential capital gains tax hike

Overview - British oil major BP's senior executives must disclose any intimate relationships with colleagues during the past three years or face possible disciplinary action, the company said, in a tightening of workplace rules following the sacking of chief executive Bernard Looney in December.

- The interim head of the British payments regulator David Geale has rejected a call from some companies in the sector to delay a contentious fraud reimbursement plan, two weeks after his predecessor resigned amid growing criticism of the proposals. - British Prime Minister Rishi Sunak will on Tuesday put tax cuts at the heart of the Conservative party manifesto, as he attempts to reset an accident-prone election campaign and make inroads into a daunting 20-point Labour poll lead.

- The British Labour has refused to rule out an increase in capital gains tax, sparking warnings that a hike could deter investors from the UK and push entrepreneurs to sell businesses. (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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