During August the UK experienced an economic bounce-back after demand for domestic holidays boomed. However, economists question whether this was simply a glimpse of sunshine through a cloudy economic backdrop as economic growth already appears to be decelerating.
Kraft Heinz warns consumers that rising food prices around the world are here to stay, whilst other companies such as Nestlé and PepsiCo also raise their prices.
The UK’s energy industry is under threat as a wave of companies collapsed after a surge in natural gas prices hit Europe.
Wetherspoons has announced that several of its pubs have suffered shortages of beer due to supply issues; many point to Brexit and Covid as the root of the problem.
The media regulator Ofcom has given provisional approval for BBC Three to make a return to broadcast television.
OnlyFans has reversed a decision to ban porn and sexually explicit content by creators within five days, blaming the initial decision on the lack of cooperation by banks.
Marks & Spencer have warned that the incoming Brexit import rules will result in increased food prices, a decrease in the range of products and more food waste as the UK is not prepared for the approaching transition.
Investigations have commenced into both Tesla’s driver-assistance system ‘Autopilot’ and the marketing practices of Elon Musk (Tesla’s founder) for his over-emphasising of Autopilot’s capabilities. This follows several road traffic accidents and calls by US Senators, government departments and independent bodies to examine the company and its technology.
The Competition and Markets Authority (CMA) have threatened to take enforcement action against Covid test providers after allegations have surfaced of “poor service” which could amount to a breach of consumer protection law.
Scottish brewer and bar operator BrewDog has reported £13m in pre-tax losses for 2020. The pandemic-induced hit to BrewDog’s profitability overshadowed booming craft beer sales on its online platforms.