PRESS DIGEST- Financial Times - Oct. 2

- Planned new post-Brexit border controls on animal and plant products imported from the EU will cost businesses an estimated 330 million pounds a year in additional red tape charges, the government has admitted.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Hunt to pledge minimum wage rise and benefit sanctions - BAE Systems wins 3.95 billion pound contract for Aukus nuclear submarines - New Brexit border checks to cost business 330 million pounds a year Overview - UK chancellor Jeremy Hunt will guarantee that the national living wage will rise by at least 1,000 pounds ($1,219.10) next year, meeting a 2019 manifesto commitment to increase pay for the lowest paid to two-thirds of median earnings.

- BAE Systems, has won a 3.95 billion pounds contract to build a new generation of attack submarines as the UK moves ahead with the trilateral Aukus security pact. - Planned new post-Brexit border controls on animal and plant products imported from the EU will cost businesses an estimated 330 million pounds a year in additional red tape charges, the government has admitted. ($1 = 0.8203 pounds) (Compiled by Bengaluru newsroom)

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