PRESS DIGEST- Financial Times - Dec 6

Reuters
·1 min read

Dec 6 (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

- UK finalises plans for regulation of 'wild west' crypto sector

- RMT sets new Christmas strike dates and urges rejection of latest pay offer

- Sunak dilutes housebuilding pledge in face of Tory revolt

- Vodafone chief Nick Read to step down following turbulent year

Overview

- Britain's Treasury is finalising plans for a package to regulate the cryptocurrency industry, including limits on foreign companies selling into the country and restrictions on advertising.

- Britain's RMT union said on Monday that it would put a pay offer to its members for a vote but recommended they reject it as further strikes over Christmas were announced as part of a long-running dispute over pay.

- Britain's government on Monday scrapped plans to impose mandatory housebuilding targets on local councils after dozens of Conservative lawmakers threatened a rebellion against Prime Minister Rishi Sunak.

- Nick Read will step down as Vodafone chief executive by the end of the year, ending a four-year tenure during which the British telecom group's share price has nearly halved. (Compiled by Bengaluru newsroom)

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