In This Article:
March 1 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Jaguar Land Rover owner demands 500 mln pounds from UK for battery factory
- UK says drugmakers' call for fixed-rate medicines tax 'unaffordable'
- BA owner and easyJet still hold high amount of pandemic travel vouchers
- UK warned of risk to key net zero goal without power grid plan
Overview
- Jaguar Land Rover owner Tata Motors is demanding more than 500 million poundss ($600.90 million) of government aid for a new battery factory in Britain, in a decision set to be "pivotal" for the future of the UK car industry.
- The UK government has rejected a proposal by drugmakers to introduce a fixed-rate tax on medicines used in the NHS as "completely unaffordable".
- British Airways owner IAG and easyJet are still holding hundreds of millions of pounds' worth of unclaimed travel vouchers, nearly three years after they were widely used to refund passengers for flights when the pandemic first disrupted air travel.
- The government risks failing to meet its goal of decarbonising the UK's power sector by 2035 because it lacks a clear and comprehensive delivery plan, the public spending watchdog warned on Wednesday.
($1 = 0.8321 pounds) (Compiled by Bengaluru newsroom)