The foreign companies that hold more than 100,000 UK properties will have to reveal their true owners under a transparency proposal announced by David Cameron. The step was greeted by transparency campaigners as “a great move” and was aimed at energising an international summit on corruption being hosted by the prime minister on Thursday, the Financial Times reported. Mr Cameron pledged last year to stem the “dirty money” and “plundered or laundered cash” flowing into British properties, more than £120bn of which are owned by offshore companies.

The British government on Tuesday ordered an investigation into the circumstances surrounding department store retailer BHS's collapse into administration last week, Reuters reported. Business Secretary Sajid Javid has instructed the Insolvency Service to fast-track its inquiry, which will also specifically consider the extent to which the conduct of the directors of BHS led to its insolvency.

When British Prime Minister David Cameron decided to call a referendum on the U.K.’s membership in the European Union, he did so in the belief that it would settle the question once and for all. Deep divisions over the issue in Britain and within Mr. Cameron’s own party were undermining not only the U.K.’s relationship with the EU, but the stability of the EU itself. Confident he would win, Mr. Cameron believed the referendum would heal the division in the Conservative Party and allow the U.K.

A group of notable British economists countered claims the U.K. would be poorer if it left the European Union, a move that follows a barrage of gloomy forecasts for the British economy if voters choose to leave the bloc in a coming referendum, The Wall Street Journal reported. In a report published Thursday by the eight “Economists for Brexit,” the group said the U.K. economy would be better off outside the EU and could be as much as 2% larger by 2020 if it left—and as much as 4% larger after 10 to 15 years.

The administrator to BHS, the British department store group that is battling to stay in business, has received "around 50" expressions of interest for all or various parts of the retailer, a source with knowledge of the process said on Thursday, Reuters reported. Although the level of interest sounds encouraging, analysts see little prospect of a buyer emerging for the whole of BHS. They say the most likely scenario is that BHS's assets will be sold off piecemeal.

India said on Thursday it had asked Britain to deport Vijay Mallya, the liquor tycoon who flew to London last month as bankers pressed him to repay about $1.4 billion owed by his defunct Kingfisher Airlines, Reuters reported. The Ministry of External Affairs has written to the British High Commission seeking Mallya's return so that "his presence can be secured for investigations against him" under India's anti-moneylaundering law, spokesman Vikas Swarup told reporters.

One of Britain's iconic tailoring brand Austin Reed has collapsed into administration, or insolvency, putting more than 1,000 jobs at risk, The Economic Times reported. The 116-year-old tailoring brand, which once counted former British prime minister Winston Churchill and Elizabeth Taylor among its customers, appointed AlixPartners today to explore options for the business after it ran out of cash.

British lawmakers expect to question retail billionaire Philip Green in the course of an inquiry into failed department store chain BHS's pension liabilities after the firm was put into administration on Monday, Reuters reported. The Work and Pensions Committee launched the investigation on Tuesday. Asked if the chairman of the committee, opposition Labour lawmaker Frank Field, would invite Green to be questioned, Field's office said: "He's very sure he will be invited." Green sold BHS last year for one pound to a collection of little known investors called Retail Acquisitions.

British department stores group BHS collapsed into administration on Monday, putting about 11,000 jobs at risk. Philip Duffy and Benjamin Wiles, managing directors of Duff & Phelps, have been appointed joint administrators, the restructuring firm said. “The group will continue to trade as usual whilst the administrators seek to sell it as a going concern,” it said. BHS employs about 8,000 people, while 3,000 contractors work with the 88-year-old firm which has 164 stores.

How might future historians judge a British decision to leave the EU in the referendum on June 23? It might well be seen as the moment when the west started to unravel, the Financial Times reported in a commentary. That is why Barack Obama, US president, is not merely entitled to present his views on “Brexit”. As leader of the west, he must do so. The choice the UK faces in June is whether to exercise its option to leave the EU now. So long as it is a member, it will always have this option. But it will not be granted the choice to rejoin after it has left.