Category: <span>Investment</span>

UK in Brexit climbdown as safety rule deadline extended
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UK in Brexit climbdown as safety rule deadline extended

The government has pushed back a deadline for the launch of post-Brexit product safety standards by allowing companies to follow EU rules until 2023, in the latest climbdown amid concerns over the economy. Businesses will have an extra year to start using the new UKCA mark, which is planned to replace the EU’s CE mark...

Repairing and reusing household goods could create thousands of green jobs across the UK
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Repairing and reusing household goods could create thousands of green jobs across the UK

Reusing and repairing household goods, from washing machines to phones, and recycling throwaway consumer items such as plastic bottles, could create hundreds of thousands of green jobs across the UK, a thinktank has found. The UK creates thousands of tonnes of unnecessary waste each year, some of which is still exported, because of a failure to value...

Thousands of leaseholders in unsafe homes will be unable to sue developers
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Thousands of leaseholders in unsafe homes will be unable to sue developers

Thousands of leaseholders living in dangerous blocks will not be protected by the latest government attempt to tackle the spiralling cost of the post-Grenfell fire safety crisis, it has emerged, as ministers publish legislation allowing developers to pass on costs to residents. The housing secretary, Robert Jenrick, on Monday introduced a bill extending leaseholders’ rights to...

UK online shopping boom fuels cardboard shortage as households hoard boxes
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UK online shopping boom fuels cardboard shortage as households hoard boxes

The nation’s online shopping habit is causing a cardboard shortage as empty delivery boxes are hoarded in homes or stuck in council recycling bins. UK households have amassed 135m cardboard boxes during the pandemic, keeping valuable raw material out of the recycling chain and pushing up packaging prices, according to the packaging specialist DS Smith....

Cut of £40m in help for tenants will ‘drive up homelessness’
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Cut of £40m in help for tenants will ‘drive up homelessness’

The government is cutting the funding it gives to councils in England and Wales to help struggling tenants by more than a fifth, with critics warning the move will drive up homelessness following the recent end of the Covid evictions ban and the end of the furlough scheme in September. Discretionary housing payments (DHPs) provide...

‘Time to buy’ bitcoin adverts banned in UK for being irresponsible
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‘Time to buy’ bitcoin adverts banned in UK for being irresponsible

An ad campaign telling the public that “it’s time to buy” bitcoin has been banned after the advertising watchdog ruled that it was irresponsible and misleading. The high-profile campaign, which has featured heavily across the London underground and the capital’s bus network since December, ran with the strapline “If you’re seeing bitcoin on the underground,...

Great British Railways plan aims to simplify privatised system
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Great British Railways plan aims to simplify privatised system

The rail industry will be simplified but still substantially privatised as a rebranded Great British Railways, the government has pledged after publishing its long-awaited overhaul on Thursday. A white paper places control of rail infrastructure and services under the new arm’s-length public body, with franchises replaced by contracts that will incentivise private firms on punctuality and efficiency...

HSBC has stakes in firms that plan more than 70 new coal plants
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HSBC has stakes in firms that plan more than 70 new coal plants

A loophole in HSBC’s pledge to phase out financing for coal by 2040 will allow the bank to support companies with plans to build more than 70 new coal plants, which could cause an estimated 18,700 deaths from air pollution a year, according to a report. The bank’s asset management arm, which is not included...

Boohoo profits soar as Covid turns customer focus to loungewear
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Boohoo profits soar as Covid turns customer focus to loungewear

Sales and profits soared at the online fashion retailer Boohoo during the coronavirus pandemic as it benefited from the boom in online shopping and being able to trade throughout successive lockdowns, unlike its high street rivals. Demand from younger consumers for its inexpensive activewear, loungewear and tops while working from home helped Boohoo’s sales climb by 41%...