The economy will enter “dangerous waters” and jobs will be lost without swift action on rising costs, business leaders warned Liz Truss yesterday (The Times £).
The mammoth economic challenges facing Liz Truss as she prepares to take over as Prime Minister were laid bare yesterday (The Mail).
Liz Truss will enter Downing Street on Tuesday after a bruising battle to become the UK’s next prime minister and will finalise a two-year package of energy relief for households and business that could cost up to £100bn (The Financial Times £).
The company that has run the National Lottery since its inception in 1994 has cleared the way for its successor to take over the licence by withdrawing its legal challenge (The Times £).
Deliveroo is being challenged in the UK Supreme Court over the rights of its riders, just months after the delivery app signed a voluntary agreement with the GMB union that granted self-employed members collective bargaining on pay (The Financial Times £).
UK consumers cut spending on clothing, DIY and beauty products in August, while business activity contracted, in a sign of “collapsing” demand owing to the intensifying cost of living crisis (The Financial Times £).
Britons have cut back on their spending as they brace for the rise in household energy bills (The Times £).
The summer holidays may have encouraged people to splash out on hospitality and domestic travel, but overall spending on credit and debit cards fell by nearly 2% between July and August (The Times £).
It is the drink no one wants to admit making. Nigel Farage has launched a collection of red, white and blue Cornish gins but distillers in the duchy have quickly distanced themselves from it (The Times £).
Nigel Farage has stirred up controversy in the far south-west by marketing his own gin, which he says is made by an “artisan distillery in the heart of Cornwall” (The Guardian). In a product launch video, the former Ukip and Brexit party leader unveiled three types of Farage Gin – one red, one white and one blue – explaining this was his “patriotic take on this quintessentially British drink” and had been developed by a couple in their Cornish garden shed.
The Tempus shares column in The Times (£) focuses on Reckitt Benckiser and concludes that life after Laxman Narasimhan, who quit the firm last week, looks far less certain. It gives the stock a ‘hold’ rating.
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