PRESS DIGEST- British Business - July 16

Fri Jul 15, 2016 8:32pm EDT
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July 16 (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

*Philip Green defended the sale of BHS, arguing that he invested £421 million ($555.21 million) in the department stores chain during his family's ownership.(

*The Bank of England must act "promptly as well as muscularly" next month with a package of measures to cushion the blow from Brexit, its chief economist, Andy Haldanehas, said.(

The Guardian

*The UK has sought advice from Canada on how to secure a trade agreement with the EU following the Brexit vote, the Canadian Trade Minister Chrystia Freeland said. (   Continued...