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The Indian company Tata decided to sell its entire steel business in Britain, putting more than 15,000 jobs in jeopardy. The buy-to-let business was squashed by the Prudential Regulation Authority imposing more stringent borrowing criteria in parallel with an increase in stamp duty from this month. The Bank of England’s Financial Policy Committee said that ‘the most significant’ domestic risks to financial stability were connected to the referendum on EU membership. The French utility company EDF agreed to take on part of its Chinese partner’s financial risks from cost overruns in building the Hinkley Point nuclear power station. BHS, the department store chain, attempted to secure its future in the face of a £571 million pension deficit. The number of paid staff in British libraries has fallen by 7,933 in six years, the BBC found. Bert Williams, 71, from Prenton, Wirral, set a new record for a British angler by catching a 93lb cod in the sea off Norway.
Tarik Hassane, 22, a medical student, and Suhaib Majeed, 21, a physics student, both born in London and friends when at Westminster City school, were found guilty by a jury at the Old Bailey of plotting to commit drive-by shootings from a moped in the name of the Islamic State.
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