The Best Shopping Destinations In The Uk

A link has been sent to your friend’s email address. 1 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs UK’s Royal Mail soars on stock market debut By Pan Pylas and Danica Kirka, Associated Press 9:07 a.m. EDT October 11, 2013 Royal Mail vans lined up at London’s largest sorting office Mount Pleasant. The shares of Britain’s postal service were up 31% to 432 pence ($6.91) by midday, a hefty gain for shareholders who got them at 330 pence. Nearly 150 million shares, or 15% of the total issue, changed hands. “One can only say that investors have clearly given their stamp of approval to the offering,” said Brenda Kelly, senior market strategist at IG. But the opposition Labour Party argues that the gains prove the government shortchanged taxpayers and could have gotten more than the 1.72 billion pounds ($2.75 billion) it received from the sale. “The government has a lot of explaining to do,” the Labour Party’s business spokesman, Chuka Umunna, wrote on Twitter. The privatization is symbolic for the Conservative Party, the main party in the coalition government. Much of its electoral success in the 1980s under Prime Minister Margaret Thatcher was due to the sale at the time of state assets such as British Gas and British Airways. Business Secretary Vince Cable, who is a member of the Liberal Democrats, the junior party in government, dismissed claims the sale had been undervalued, telling BBC Radio that the sharp price rise was no more than “froth and speculation.” Big financial institutions, such as pension funds and sovereign wealth funds, are trading the shares Friday in what is known as conditional trading. Smaller shareholders who tended for only 750 pounds ($1,200) and bought through brokers were able to trade, too. Those who bought shares directly, including postal workers who got free stock, will get their chance to trade on Tuesday.

AP Britain Royal Mail

Credit: Reuters/Jonathan Ernst WASHINGTON | Fri Oct 11, 2013 10:44pm IST WASHINGTON (Reuters) – The British government will release a budget update and new fiscal forecasts on December 4 and the focus will remain on reducing the country’s deficit, finance minister George Osborne said on Friday. “Britain continues to have some very serious public challenges that have to be addressed,” Osborne told reporters during a visit to Washington for an annual meeting of the International Monetary Fund. Britain’s budget deficit widened sharply during the global financial crisis but has come down by about a third as the economy improved. “It’s still too big,” Osborne said. On September 30 he told members of his Conservative Party that he would return Britain to a budget surplus during the next parliament, due to run between 2015 and 2020, as long as the economy continued to mend. Earlier this week, the IMF raised its forecasts for Britain’s economic growth by more than for any other big advanced economy. Also this week, British business leaders urged Osborne to do more to ensure the recovery gains speed. In his comments on Friday, Osborne declined to say how the improved outlook for public finances might influence fiscal policy. But he said the government’s focus was on reducing the national debt. “When we’ve got resource available, we have got to make sure that we are doing what we can to reduce our deficit and our debt,” he said, citing the 3.2 billion-pound ($5.10 billion) sale of state-owned shares in bank Lloyds (LLOY.L) last month. The government has also sold a majority stake in the postal service, Royal Mail (RMG.L), which made its market debut on Friday. Britain’s government gives an update on public accounts in November or December each year while the budget is usually announced in March. The so-called Autumn Statement includes fiscal forecasts produced by the independent Office of Budget Responsibility. (Reporting by Jason Lange in Washington, writing by William Schomberg in London; Editing by Susan Fenton) Tweet this

UK to give budget update, fiscal forecasts on December 4: Osborne

Westfield London The Westfield is more than a shopping centre. It is also a great place to meet up with friends for tea, lunch or dinner aside from being an excellent place to shop. It is one of the largest urban shopping destinations in Europe filled with high-end products from House of Fraser, Jimmy Choo, Marks & Spencer, Louis Vuitton, and Debenhams. It has a cinema, bars, and a gym on site. Covent Garden – If you want an interesting and exciting shopping experience, consider visiting Covent Garden. This shopping venue is for those looking for something hip and unique where you can find uncommon gifts, hard to find confectioneries, imaginative artwork, handmade jewellery, and funky wardrobe items. Check out the Covent Garden Market for interesting crafts and artistic pieces. Notting Hill – Made famous in the movie with the same name, Notting Hill is the place to go for small knick knacks, unique presents, vintage clothing, hard to find books, organic food, and antiques. Art loving shoppers can browse through several art galleries in the vicinity. You and your shopping companions can relax after a day of shopping at one of the hip bars and restaurants in the area. Knightsbridge – If you are looking for high-end brands and the latest fashion, you might want to visit Brompton Road at Knightsbridge where you will find posh department stores like Harrods and Harvey Nichols. Harrods is the most popular department store in the UK.