May 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The Times
- No. 10 is resisting pressure for a windfall tax on energy companies on the grounds that it would be "ideologically unconservative". https://bit.ly/3Mvn0mH
- The professional body for chartered accountants in UK, ICAEW, is facing questions from parliament over why it has pocketed tens of millions of pounds in fine money for auditor misconduct rather than hand over any of it to victims. https://bit.ly/3NqQ3HR
The Guardian
- UK inflation soared to 9% in April – its highest level for more than 40 years – as the rising cost of gas and electricity pushed household energy bills to record levels. https://bit.ly/3llDDVQ
- Under the British government's pending financial services bill, the Financial Conduct Authority will be in charge of making sure the UK's largest banking and building societies give consumers access to withdrawal and deposit facilities such as ATMs within a "reasonable" distance from their community. https://bit.ly/3wBNw75
The Telegraph
- The Bank of England is setting interest rates over video link despite work from home guidance being scrapped in January. https://bit.ly/3LtpEbb
- Britain's Finance Minister Rishi Sunak has vowed to cut taxes on business as the British economy teeters on the brink of recession in the face of the cost of living crisis. https://bit.ly/3wAuak9
Sky News
- Britain's dairy producer Arla Foods has admitted the price of milk will continue to increase due to sky-high energy costs that have already risen by 200%. https://bit.ly/3Mrr872
- Britain's Finance Minister Rishi Sunak has said the government's response to the cost of living crisis will "evolve" as the situation does - but failed to outline any immediate action. https://bit.ly/3MtRjtX
The Independent
- Cabinet minister Liz Truss once claimed that the impact of a no-deal Brexit on Ireland would only affect "a few farmers with turnips in their trucks", a former UK diplomat has claimed. https://bit.ly/3sGwkfG
(Compiled by Bengaluru newsroom)