Business Update – 12 July 2022
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
Retailers like Amazon blasted for sending tiny items in large packages
Every year oversized packaging leads to five million unnecessary delivery journeys, but on top of that, consumers are also upset about the environmental toll of shipping air in those gigantic boxes.
Rail passengers brace for strikes
Train drivers and station staff voted for the first national strike action in 25 years this week.
Pound hits a two-year low
The pound has fallen to its lowest point since March 2020 amid an uncertain political landscape and an economy already under strain.
New PM should be in place by September 5
A dramatically accelerated Tory leadership contest began on Tuesday, with candidates having to attract 20 backers to make it onto the ballot paper.
Twitter set to sue Elon Musk
Twitter and Elon Musk are set to go to court, after the social media giant vowed to sue Musk over backing out of the USD $44 billion buyout deal.
Germany faces “nightmare scenario” as Russia turns off the tap
Germany is threatened with significant energy shortages after Russia shut down one of its biggest natural gas pipelines to western Europe.
Boris Johnson was the “ultimate target” of Uber lobbying strategy
Recently uncovered files reveal how Uber lobbied top ministers at undeclared meetings while fighting restrictions to its ride-hailing service in the UK.
Tens of thousands affected as Heathrow cuts more flights
Heathrow boss John Holland-Kaye said the airport would request “further action if necessary” as the airport struggles with staff shortages and high holiday travel demand.
Tax plan pitches start coming in from PM hopefuls
Sajid Javid said on Monday he would cut a slew of taxes and hold an emergency budget to increase help for households hit by the rising cost of living if he was chosen as leader.
Thousands of Britons could cut debt as insolvency advice changes
The Insolvency Service has issued new guidance on the oversight of individual voluntary arrangements, urging the cost of living crisis to be considered.
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