Sirius Bulletin - 13th December 2021
This bulletin provides a summary of topical news, announcements and policy developments affecting business across the UK.
Businesses trading at fifth of pre-pandemic levels
According to research from ABTA, travel industry employment has halved since March 2020 and businesses on average are trading at just a fifth of pre-pandemic turnovers. ABTA is urging the Government to provide dedicated financial support as new travel restrictions come into force.
Read more about the research at: www ttqmedia com/news/travel-businesses-trading-at-fifth-of-pre-pandemic-levels—abta-31812
TikTok airs first ever shopping livestream
Video-sharing platform TikTok is producing live shopping events where consumers can buy items directly through the app. Consumers are increasingly using social media platforms to buy goods, with Facebook, Instagram and Snapchat all providing social commerce opportunities.
Read more about social commerce at: www charqedretail co uk/2021/12/08/tiktok-aires-first-uk-shogpinq-livestream
New consumer protection standards
The Financial Conduct Authority has announced plans to ensure a higher and more consistent standard of consumer protection for users of financial services. Under the plans, financial service providers will have to give consumers information they can understand and offer products and services that are fit for purpose.
Read more about the plans at: www.fca.orq.uk/news/press-releases/fca-introduce-new-consumer-duty-drive-fundamental-shift-industry- mindset
Ban on lamb exports to US lifted
The United States Department of Agriculture has confirmed that British lamb can be imported into the US from 3 January 2022 after 20 years of trade restrictions. It is estimated that the US market will be worth £37 million in the first five years of trade.
Read more about the issue at: www gov.uk/Government/news/us-market-to-open-doors-to-uk-lamb-from-2022
Consultation on ‘may contain’ labelling
The Food Standards Agency has launched a consultation to gather views from businesses and consumers on the use of precautionary allergen information and labels, such as ‘may contain’. The consultation will close on 14 March 2022.
Read more about the consultation at: www food gov uk/news-alerts/news/food-standards-aqency-seeks-views-on-may-contain
Payments to look after soils
In 2022, farmers in England will be paid for looking after soils for the first time, when the first stage of the Government‘s new support payments begins. Farmers will be paid between £20 and £58 per hectare for basic measures to protect and nurture their soils.
Read more about the payments at: www thequardian com/environment/2021/dec/02/farmers-in-enqland-to-be-paid-for-lookinq-after-soil-health- from-next-year*
Charging point numbers fall
New analysis by the Society of Motor Manufacturers and Traders has revealed that the ratio of vehicle charging points to plug-in cars fell by 31% during 2020. In 2019, 11 plug-in vehicles shared a standard public charging point but in 2020 this had fallen to one charging point for every 16 plug-ins.
Read more about the figures at: www.alphabet.com/en-gb/auto-digest/car-charging-point-numbers-fall-behind-plug-vehicles-surge
Cat microchipping to be mandatory
Under new microchipping rules, all cat owners must ensure their pet is microchipped before they reach the age of 20 weeks. Owners found not to have microchipped their cat will have 21 days to have one implanted, or may face a fine of up to £500.
Read more about the rules at: www gov.uk/Government/news/cat-microchippinp-to-be-made-mandatory
Government creates embassy jobs
A network of new agri-food and drink roles will be created within UK embassies and consulates overseas to promote trade. The roles will be created in China, the US, India, Canada, Mexico and markets in the Gulf, Africa, South America and the Asia-Pacific region.
Read more about the roles at: www fwi co uk/business/markets-and-trends/qovernment-creates-embassy-iobs-to-qrow-uk-aqri-food-exports
DISCLAIMER While all reasonable efforts have been made, the publisher makes no warranties that this information is accurate and up-to-date.