Judge rules in favour of Morrisons workers in £100m fight for equal pay September 28, 2021 Thousands of Morrisons retail staff are making progress with their £100m fight for equal pay following a new ruling at an employment tribunal. The ruling, by judge Davies at Leeds Employment Tribunal, confirmed that Morrisons’ shop floor workers can compare their pay with the supermarket giant’s distribution centre workers. The mostly female staff, both current [...]
MPs speak out as Morrisons bidder plans to run grocer from Cayman Islands September 26, 2021 The private equity eyeing supermarket Morrisons has lined up an entity in the tax haven Grand Cayman to run the supermarket giant, bid documents have revealed. Cross-party MPs have urged Clayton, Dubilier & Rice (CD&R) to assure it will pay UK corporate tax rates on Morrisons’ turnover, the Sunday Times reported. CD&R revealed full details [...]
Government denies there is shortage of fuel amid BP and Esso closing gas stations September 24, 2021 The government is urging Brits “buy fuel as normal”, after the ongoing lorry driver shortage issue reached gas stations yesterday. BP said a number of its filling stations are closed due to a lack of fuel available, while Esso owner ExxonMobil also said a “small number” of its Tesco Alliance petrol forecourts have been impacted. [...]
Government must ‘level up’ foreign investment across Britain, urges select committee September 23, 2021 An influential commons select committee has criticised the government for failing to map out its plan for spreading foreign investment more evenly across the UK to achieve its “levelling up agenda”. The International Trade Committee (ITC) slammed the government in a report published today for promoting foreign investment’s role in boosting economic prosperity in forgotten [...]
Biden dashes hopes of quick post-Brexit trade deal with UK during Johnson visit September 22, 2021 US President Joe Biden last night downplayed prospects of brokering a post-Brexit trade deal with Boris Johnson, as ministers resorted to considering downgrading their efforts to join an existing pact. Meeting the Prime Minister in the White House, the US President issued a fresh warning for the UK not to damage the peace process in [...]
Not before French elections in 2022: EU-Australia trade deal to be pushed back due to £48bn submarine row September 21, 2021 It will take more time to agree a trade deal between the European Union and Australia as Australia’s decision to cancel a French submarine contract does complicate and delay negotiations, a European trade official has said. Australia’s decision to end the £48bn deal was “kind of an attack against European interests”, said Bernd Lange, a [...]
Labour plots crackdown on private equity tax loophole September 20, 2021 Labour will crack down on private equity bosses by closing tax loopholes on their bonuses if victorious at the next election. Shadow chancellor Rachel Reeves will today say that by ending the carried interest loophole, the government could raise another £440m in tax revenues. Carried interest payments are given as bonuses to private equity bosses [...]
Morrisons moves into pub sector supply with marketplace partnership September 20, 2021 Supermarket Morrisons has made a move into the hospitality arena after teaming up with StarStock, an online marketplace for the on-trade. StarStock, which allows brands to sell direct to operators through its e-commerce platform, has partnered with the supermarket to allow it to supply pubs and restaurants. Restaurant operators will be able to have “direct, [...]
Liz Truss ignores security spat with France as she says UK is simply ‘hard-headed’ September 19, 2021 New Foreign Secretary Liz Truss has launched a strong defence of the UK’s security pact with the US and Australia amid a deepening diplomatic row with France.Truss said the agreement – which will see the UK and US co-operate to develop a new fleet of nuclear-powered submarines for the Australian navy – showed Britain’s readiness [...]
Mon dieu! France recalls US and Australia ambassadors as £30bn submarine row heats up September 18, 2021 France has taken the dramatic step of recalling its ambassadors to the United States and Australia in the worsening row over their nuclear submarine deal. French foreign minister Jean-Yves Le Drian said the “exceptional decision” was justified by the “exceptional gravity” of the actions of the two Western allies. It followed the announcement earlier this [...]