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Press Round-Up Short (Premium)
28 Mar
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Thursday newspaper round-up: Energy prices, national wage, Thames Water

Millions of households are being urged to submit meter readings to their energy supplier this weekend to ensure they do not overpay when cheaper prices come in on Monday. The consumer champion Martin Lewis is among those urging people to get their phones, pens and notepads out so that they benefit fully from the 12. 3% cut to the Ofgem energy price cap, which is altered quarterly. – Guardian.

27 Mar
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Wednesday newspaper round-up: AI, CBI, US government debt

Almost 8 million UK jobs could be lost to artificial intelligence in a “jobs apocalypse”, according to a report warning that women, younger workers and those on lower wages are at most risk from automation. The Institute for Public Policy Research (IPPR) said that entry level, part-time and administrative jobs were most exposed to being replaced by AI under a “worst-case scenario” for the rollout of new technologies in the next three to five years. – Guardian.

26 Mar
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Tuesday newspaper round-up: Amanda Staveley, ITV, Bidstack

Are 200,000 jobs really supported by the oil and gas industry in the North Sea? Campaigners and MPs are questioning the longstanding government claim. Ministers have repeatedly used the 200,000 jobs figure as justification for pushing ahead with more fossil fuel developments despite the escalating climate crisis and widespread opposition from scientists and energy experts. – Guardian.

25 Mar
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Monday newspaper round-up: Wind farms, interest rates, FCA

More than 20 leading social scientists have warned the UK’s biggest investment companies and pension funds that allowing US-style executive pay packages could “create a significant risk of higher inequality” and “much worse lower levels of happiness, health and wellbeing across society”. The academics said they had decided to speak out as an increasing number of British business leaders and the London Stock Exchange have argued for much higher pay awards to improve the UK’s competitiveness.

22 Mar
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Friday newspaper round-up: Mike Lynch, Three, Scottish Power

Two major UK high street banks have been accused of continuing to finance fossil fuel expansion in the North Sea despite signing a pledge to align their activities with the net zero climate goal. HSBC and NatWest have provided tens of millions in finance to Ithaca Energy, a British oil and gas company that is playing a key role in plans to exploit the controversial Rosebank oilfield north-west of the Shetland Islands. Another high street bank, Lloyds, also provided finance but has since sold down the debt.

21 Mar
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Thursday newspaper round-up: Reddit, Daily Mail, zero hour contracts

The disgraced former owner of Norton Motorcycles should have served jail time for his role in the multi-million-pound pension fraud, the chair of the Pensions Ombudsman service has told a parliamentary inquiry into the scandal. The comments by Anthony Arter will be viewed by victims as a thinly veiled criticism of a prosecution run by the Pensions Regulator against former Norton boss, Stuart Garner, who was convicted of three pensions offences in 2022 but avoided prison because the regulator did not allege dishonesty.

20 Mar
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Wednesday newspaper round-up: Self-checkout, Indivior, Amanda Staveley

Cross-Channel ferry operators will be required to pay their crew at least £9. 95 an hour after France implemented a new minimum wage law aimed at preventing the exploitation of seafarers. The move comes two years after P&O Ferries caused outrage on both sides of the Channel by sacking almost 800 workers and replacing them with low-cost crew. – Guardian.

19 Mar
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Tuesday newspaper round-up: P&O Ferries, National Grid, Heathrow, Mike Lynch

P&O Ferries, which controversially sacked about 800 workers in 2022, has paid some crew members less than half the UK minimum wage thanks to an ongoing legal loophole the British government promised to close two years ago. Agency workers at the company, which is owned by the Dubai-based DP World, have in some cases been earning about £4. 87 an hour – even lower than the £5. 15 an hour the company suggested was its lowest pay rate – an analysis of recent payslips conducted by the Guardian and ITV News suggests.

18 Mar
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Monday newspaper round-up: Mike Lynch, London population, heat pumps

A record 6. 7 million people in Britain are in financial difficulty, a campaign group has claimed, as the cost of living crisis pushes more households into debt. A survey for Debt Justice found that 13% of adults had missed three or more credit or bill payments in the last six months, a figure that rose to 29% among 18- to 24-year-olds and a quarter of 25- to 34-year-olds. – Guardian.

17 Mar
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Sunday newspaper round-up: Nationwide, Direct Line, Rolls-Royce

Nationwide's bid to create the UK's second-largest savings and loans group by taking over Virgin Money may be derailed if its members get a say on whether the deal goes through or not. It would take just 500 Nationwide members depositing £50 each one to convene a special meeting and ask for a vote on the deal. Furthermore, preparations for a vote would keep Nationwide from meeting the 4 April deadline for making a binding offer under Takeover Panel rules. However, the society says that its existing legal advice is that no vote is required.

15 Mar
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Friday newspaper round-up: Unilever, civil servants, Wegovy

Unilever could face a potential row with shareholders after it emerged that the new boss of the consumer goods company can earn up to €17. 4m (£14. 9m) this year if he hits maximum targets. Hein Schumacher, who joined the owner of Marmite, Domestos and Dove in June last year, took home €3. 9m for his first six months as chief executive. He earned a €1. 86m annual bonus on top of his €1. 4m in basic pay and benefits, which included €292,492 to help cover his relocation to the UK, according to Unilever’s annual report published on Thursday.

14 Mar
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Thursday newspaper round-up: Nestle, Halifax, Glencore

Direct trains could next year connect Wrexham to London, with a new service capitalising on the town’s Hollywood-meets-football mini-boom. The train manufacturer Alstom is bidding to set up the Wrexham, Shropshire and Midlands Railway with a promise of cheaper, more comfortable trains straight to London. – Guardian.

13 Mar
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Wednesday newspaper round-up: Post Office, Workplace AI, Barclays

Ministers will publish legislation to quash the convictions of hundreds of post office operators who were prosecuted during the Horizon scandal, marking a significant victory for victims after decades of campaigning. The legislation on Wednesday will automatically overturn convictions of theft, fraud and false accounting that were handed down in connection with Post Office business during that period. It will cover prosecutions brought by the Post Office and the Crown Prosecution Service in England and Wales between 1996 and 2018.

12 Mar
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Tuesday newspaper round-up: Thames Water, Telegraph, Xlinks

Thames Water has been accused of “misleading” customers after telling them that just a few pennies in every pound spent on their bills is paid to its lenders. The debt-laded firm is Britain’s biggest water company, serving 16 million customers in London and the south-east of England. It has sent a breakdown of its costs in bills to customers, including spending 48p of every pound on infrastructure, 20p on the supply and treatment of water, and 3p to its lenders.

11 Mar
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Monday newspaper round-up: Thames Water, McLaren, gigafactories

Thames Water has risked a fresh backlash over its commitment to tackling sewage dumping after it declined to commit funds to a £180m industry-wide initiative to fast-track efforts to reduce pollution in England’s waterways. The government said on Monday that the sum would be spent by six companies over the next 12 months to prevent more than 8,000 sewage spills, as water companies attempt to address their woeful record on tackling spills. – Guardian.

08 Mar
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Friday newspaper round-up: Big banks, British savers, Bet365

Jeremy Hunt and Rachel Reeves are joined in a “conspiracy of silence” over tens of billions of pounds in tough tax and spending choices, with the next government likely to inherit the toughest outlook for the public finances in 80 years, Britain’s leading economics thinktank has warned. The Institute for Fiscal Studies said the chancellor’s budget on Wednesday had laid the ground for “staggeringly hard choices” due after the general election for whichever party forms the next government.

07 Mar
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Thursday newspaper round-up: Green power industry, Boots, M&S

Britain’s under-pressure green power industry has received a surprise fillip after a renewables developer pledged to plough £10bn into what would become the largest portfolio of battery storage projects in the country. NatPower, a UK startup that is part of a larger European energy group, is poised to submit planning applications for three “gigaparks”, with a further 10 to follow next year. – Guardian.

06 Mar
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Wednesday newspaper round-up: Fuel duty, Post Office, ECB

Retaining the fuel duty cut in the budget is a regressive policy that benefits the wealthiest in society, who will save £60 a year, while those who earn the least will save just £22, according to analysis. Jeremy Hunt is expected to announce an extension of the 5p cut in fuel duty brought in during 2022, a proposal that has won him plaudits across the rightwing press. – Guardian.

05 Mar
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Tuesday newspaper round-up: Mortgage reforms, JLR, Crispin Odey

The UK spends less on low-carbon energy policy than any other major European economy, analysis has shown, despite evidence that such spending could lower household bills and increase economic growth more than the tax cuts the government has planned. Spending on low-carbon measures for the three years from April 2020 to the end of April 2023 was about $33. 3bn (£26. 2bn) in total for the UK, the lowest out of the top five European economies, according to an analysis by Greenpeace of data from the International Energy Agency.

04 Mar
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Monday newspaper round-up: Regional divide, retailers, NatWest, Pfizer

Britain’s sharp regional divide is on track to deepen with London’s economy pulling further ahead despite the government’s levelling up promises, according to a report. Ahead of Chancellor Jeremy Hunt’s budget on Wednesday, the accountancy firm EY said it was forecasting stronger economic growth in London and the wider south-east of England than for the rest of the country. – Guardian.