The prime minister says a new code will end "rip-off parking charges" - but will it work?
Will a new code end 'rip-off parking charges'?
Source: BBC Business
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BBC Business2 outlets
Budget to include £1bn for social and affordable housing
The move will take funding for the 10-year programme to more than £40bn.
The Guardian
Retail leads the way on paternity leave as government urged to improve offer
M S and Tesco are among employers offering six weeks, highlighting gap with construction and agriculture “Being able to take six weeks’ paid paternity leave, flexibly, made a huge difference to me and my family, giving me the time to support my partner and settle into being a new parent,” said Marks Spencer employee Joe Erskine. The food and clothing retailer increased its paternity leave offering from two to six weeks at full pay in 2024, meaning Erskine benefited from the new policy when his second child was born 17 months ago. Continue reading...
The Guardian
Bust companies revived in ‘phoenix’ deals more likely to fail again, study finds
Exclusive: research for the Guardian shows ‘pre-pack’ deals with former management also pay far less to creditors The boss whose twice-bust business appears to be back Insolvent businesses reacquired by their previous management in “pre-pack” administrations are much more likely to fail again and tend to repay far less to creditors, research for the Guardian suggests. The study is the latest to raise questions about the practice of “ phoenixism ” – accounting’s controversial art of liquidating companies to allow directors to return with a new entity, free of debts. Continue reading...
CNBC
What next for France as riots rattle markets? Three questions facing investors ahead of more protests
French unrest pushed bond yields to a 24-year high as investors weigh budget, growth and sectors risks ahead of more protests.
The Guardian
‘You can’t bring in robots’: the leather firm handmaking everything from wallets to cigar cases
In the third article in a series on high-end British manufacturing, we visit the Ettinger factory in Walsall ‘Our town is making jeans again’: reviving jobs and skills in Wales From feathers to pet portraits, Rolls-Royce rides high on custom craze “It is all down to attention to detail and everything we do is based around that.” Gary Billingham is demonstrating how the 28 pieces which make up an Ettinger wallet are cut from leather using a hydraulic press by the small team at one of Walsall’s last remaining leather goods factories. The edges of the pieces are thinned down so they are ready to be turned, glued and stitched together by hand. Continue reading...
BBC Business3 outlets
Rosebank: Life on the oil field at the centre of a political storm
Scotland editor James Cook finds out what life is like on board a ship in an untapped oil field awaiting its fate.