Sirius Bulletin - 12th July 2022

Sirius Bulletin - 12th July 2022

This bulletin provides a summary of topical news, announcements and policy developments affecting business across the UK.

 

Pubs
Numbers fall to lowest on record
The number of pubs in England and Wales continues to fall, hitting the lowest level on record. In June 2022 there were 39,970 pubs, a fall of more than 7,000 since 2012.
Read more about the fall at: www.bbc.eo.uk/news/business-62031833

 

Childcare
Plans to reduce the cost of childcare in England
The Government has announced plans to improve the cost, choice and availability of childcare in England. The plans include changes to staff-to-child ratios and support to encourage more people to become childminders.
Read more about the plans at: www.gov.uk/government/news/drive-to-reduce-the-cost-of-childcare-for-parents

 

Taxis
Change to vehicle accessibility legislation
New laws have been introduced to ensure that disabled people in England, Scotland and Wales receive the assistance they need and will not be overcharged when using taxis and private hire vehicles. Drivers could face fines of up to£ 1,000 if they fail to provide reasonable assistance to disabled passengers.
Read more about the change at: www.gov.uk/government/news/most-significant-change-to-taxi-and-private-hire-vehicle-accessibility­ legislation-in-12-years

 

Farming
Red Tractor loses beef and lamb members
Red Tractor has allegedly lost 10% of its beef and lamb members over the last four years. Farmers have been leaving the scheme due to an increase in costs and paperwork.
Read more at: www.fginsight.com/news/news/red-tractor-loses-beef-and-lamb-members-128908


Beauty
Retailers compete for market share
The UK beauty market is predicted to grow by 2% over the next three years. After the closure of Debenhams, many retailers are competing for market share. Harrods, Frasers Group, Sainsbury’s, Asda and online retailer Look Fantastic have all launched new brands and products ranges to try and fill the gap in the market.
Read more about the competition at: www.retailgazette.eo.uk/blog/2022/06/battle-beauty-market/?

 

Amazon
e-cargo bikes to replace van deliveries
Amazon has introduced a new fleet of e-cargo bikes and on-foot delivery staff to replace van deliveries across London. The bikes and walkers will make over a million deliveries per year, in around a tenth of London’s ultra-low emission zones.
Read more about the bikes at: www.retailgazette.eo.uk/blog/2022/07/amazon-introduces-e-cargo-bikes-to-replace-van-deliveries-in-london

 

Manufacturing
Growth nears standstill as new orders fall
Output growth at UK factories has slowed to the weakest level in two years. The S&P Global UK manufacturing PMI fell by more than expected to 52.8 in June, remaining just above the 50 level which divides growth from contraction. Weak demand caused orders to drop for the first time since January 2021.
Read more about the growth at: www.thisismoney.eo.uk/money/markets/article-10973325/UK-factories-output-nearly-stand-new-orders­ fall.html?

 

Social commerce
TikTok drops plans to expand
TikTok has reportedly dropped plans to expand its live e-commerce TikTok Shop initiative to the United States and parts of Europe. The company launched TikTok Shop in the UK in 2021, but it has struggled to gain traction with consumers.
Read more about the decision at: https://techcrunch.com/2022/07/05/tiktok-reportedly-drops-plans-to-expand-its-ecommerce-tiktok-shop­ venture-us/?

 

Anti-competition
Amazon investigated over unfair practices
The Competition & Markets Authority is investigating Amazon over concerns that practices affecting sellers on its UK Marketplace may be anti-competitive and could result in a worse deal for customers. The investigation will consider whether Amazon has a dominant position in the UK and whether it is abusing that position and distorting competition.
Read more about the investigation at: www.gov.uk/government/news/cma-investigates-amazon-over-suspected-anti-competitive-practices

 

DISCLAIMER While all reasonable efforts have been made, the publisher makes no warranties that this information is accurate and up-to-date.