Wednesday newspaper round-up: London exodus, beer rationing, Twitter, Unaoil

London’s expensive property prices are leading to an exodus of people in their early 30s from the capital, according to a report showing the economy of Britain’s biggest city increasingly dominated by low-skill jobs. A report from the Resolution Foundation thinktank said the blow to living standards caused by high housing costs meant more people were leaving London than arriving from the rest of the UK. – Guardian

The UK’s biggest wholesaler has begun rationing beer, cider and soft drinks as rising demand amid the heatwave and England’s World Cup campaign comes up against a shortage of food-grade carbon dioxide gas (CO2) which is hitting supplies. Booker, which supplies thousands of convenience stores including the Londis, Budgens and Premier chains, as well as restaurant chains including Wagamama and Carluccio’s, is limiting beer and soft drinks purchases to 10 cases per customer and cider to five cases. – Guardian

Twitter has unveiled new measures to clamp down on online abuse, including requiring users to confirm email addresses and phone numbers, as it continues to battle against bots, trolls and spam. In a blog post on Tuesday evening, Twitter said an update will be rolled out later this year requiring new users to confirm either an email address or phone number when signing up to Twitter, to "make it harder to register spam accounts". – Telegraph

The Serious Fraud Office has started criminal proceedings against two of Unaoil's companies, in the latest development in its two-year investigation into a global corruption scandal. The watchdog said both Unaoil Ltd and Unaoil Monaco SAM had been summoned to court with two offences of conspiracy to give corrupt payments. Representatives from both companies are set to appear at Westminster Magistrates' Court on July 18. – Telegraph

Britain’s most senior banking regulator has hit back at claims by European officials that banks based in London are not ready for a hard Brexit, saying that this was “considerably wide of the mark”. Andrew Bailey, chief executive of the Financial Conduct Authority, made a robust defence of the actions taken in the UK and followed up by weighing into the lack of preparation by his counterparts at the European Banking Authority (EBA). – The Times

The Bank of England has been accused of spending a “staggering” amount of money after two economic advisers claimed nearly £400,000 in travel expenses in only two and a half years. Donald Kohn and Anil Kashyap, members of the Bank’s financial policy committee, have spent £390,000 on business class flights between London and America, as well as taxi fares. – The Times