Exclusive: Supermarket prices likely to rise five per cent in next few weeks September 25, 2021 UK grocery shoppers will face sharp price increases in the coming months an industry expert has warned. David Sables, the chief executive of Sentinel Management Consultants, which advises suppliers in their dealings with UK supermarkets, said that retailers will raise food prices by five per cent in the next few weeks with a further rise [...]
Over 800,000 key works paid less than living wage, study finds September 25, 2021 Hundreds of thousands of key workers struggled to make ends meet during the pandemic and were paid under the real living wage, a study has found. Data from the Royal Society for Arts, Manufactures and Commerce (RSA) found that over 803,000 supermarket and care workers were paid under the Living Wage during the pandemic which [...]
China in all-out crypto crackdown as it declares payments illegal September 24, 2021 China’s central bank has declared that all cryptocurrency payments are illegal, causing the global market to crash by 6.7 per cent at 5pm UK time. A Q&A posted on the People’s Bank of China’s website outlining government guidelines for cracking down on cryptocurrency trading has said all crypto payments are against the law. It comes [...]
Heathrow meltdown: Thousands of passengers including Louis Theroux unable to enter UK September 24, 2021 Documentary maker Louis Theroux was among thousands of passengers unable to enter the country as a result of e-gate failures at Heathrow airport. In a statement posted on Twitter, Heathrow said it was “aware of a systems failure impacting the e-gates, which are staffed & operated by Border Force.” “This issue is impacting a number [...]
Mercedes-Benz plans £6bn European electric battery venture September 24, 2021 Mercedes-Benz is teaming up with Stellantis and TotalEnergies to boost the production of electric batteries in Europe through a €7bn (£6bn) project. Mercedes plans to take a 33 per cent stake in battery manufacturer Automative Cells Company and plans to provide both technology and production know how. It comes after Mercedes-Benz this year announced plans [...]
Government in talks to build new nuclear power plant in Wales September 24, 2021 The UK is reportedly in talks with a US company over plans to build a nuclear power plant in Wales which will ease reliance on electricity as the country moves to net zero. Under the proposals the US nuclear reactor company Westinghouse would build a new plant in Angelsea the Times first reported. The project [...]
Treasury behaved “entirely appropriately” in Greensill scandal, says Sunak September 24, 2021 Rishi Sunak has insisted the Treasury acted “entirely appropriately” in its handling of David Cameron’s Greensill lobbying efforts. The Chancellor hit back at a Treasury Committee report which called for lobbying rules to be tightened and suggested Greensill may have been treated differently as a result of Mr Cameron’s influence. The politically connected finance firm [...]
Goldman Sachs exec who led consumer banking push due to exit September 23, 2021 A Goldman Sachs executive at the forefront of the company’s push into consumer banking is due to exit in October. Harit Talwar was the first employee of Marcus, the bank’s consumer lending business which now has 8m customers, $100bn (£72.8bn) in deposits and boasts partnerships with brands including Apple, Amazon, Walmart and General Motors. In [...]
Sabina Nessa murder suspect arrested as police appeal for witnesses September 23, 2021 A 38-year-old man has been arrested in connection with the murder of Sabina Nessa in South-East London, the Metropolitan Police confirmed. Detectives believe that Sabina, a 28-year-old primary school teacher, was attacked shortly after leaving her home on Astell Road in Kidbrooke just before 20:30hrs on Friday evening. Her body was found by a member [...]
All EU devices to use a common charger port in major setback for Apple September 23, 2021 In a major setback for Apple the European Commission has issued a directive calling for all EU mobile phones, tablets and headphones to use the same charger. The European Union executive said the move will bring environmental benefits as well as saving European citizens an estimated €250m (£214m) each year. The directive will mandate the [...]
