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PRESS DIGEST- Financial Times - Oct 21

21 Oct 2020 / 09:27 H.

    Oct 20 (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

    Boris Johnson's 3-year UK spending master plan set to be ditched

    https://on.ft.com/37t2FN0

    Government threatens to take direct control of Transport for London

    https://on.ft.com/31mAxan

    Royal Mail launches doorstep parcel collections in ecommerce boom

    https://on.ft.com/2FPFn8O

    PwC executive identified in 63 million pound court dispute over alleged leak

    https://on.ft.com/34iqfu5

    Overview

    British Prime Minister Boris Johnson's three-year spending plan is set to be rejected as chancellor Rishi Sunak, the chancellor, has told the prime minister that plans for a comprehensive review should not go ahead amid COVID-19 pandemic.

    The British government has warned it would take over control of Transport for London unless mayor Sadiq Khan accepts a package of measures proposed by transport minister Grant Shapps.

    British postal services group Royal Mail Plc will start collecting parcels from doorsteps across the country.

    PwC's senior executive Ian Green has been identified in a 63 million pound ($81.63 million) court case against the Big Four accounting firm in which he is accused of leaking confidential client information.

    ($1 = 0.7718 pounds) (Compiled by Bengaluru newsroom)

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