Sirius Bulletin - 27th September 2021

Sirius Bulletin - 27th September 2021

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


Businesses believe sector is not ready for net zero

Two thirds of construction firms don’t believe the sector is ready to meet its net zero targets. Among the barriers to achieving net zero targets cited were a lack of skilled workers, cost and the lack of availability of low- or net-zero-carbon materials.
Read more about the concerns at:­ for-net-zero/



Convenience sales increase beats supermarkets

The amount spent on groceries in UK convenience stores rose by 3.3% year-on-year in the four weeks to 11 September 2021. This is compared to only a 0.6% increase in spending at supermarkets over the same period.
Read more about the figures at: les-increase-beats-supermarkets-21-09-2 021


Operators get access to supermarket

Morrisons has partnered with Starstock, an online portal that enables businesses to order directly from suppliers. This means that restaurateurs, hoteliers and pub groups will be able to buy products sourced from Morrisons.
Read more about the partnership at:

Business rates

Stores likely to close without reform

A new report published by the British Retail Consortium highlights the need for Government to take immediate action to reduce the business rates burden. The report reveals that 83% of retailers claim they are likely to close shops if the burden is not reduced.
Read more about the report at: www.reta



Finance market falls by 20%

Figures from the Finance & Leasing Association reveal that the consumer car finance market reported a fall in new business volumes of 20% year-on-year in July 2021.
Read more about the figures at:



Pig sector facing crisis

The National Pig Association’s Pig Industry Group has called for collective supply chain action, backed by government support. The sector is facing the biggest crisis since the late 1990s and early 2000s, as pigs continue to back up on farms, leaving producers fearing for animal welfare.
Read more about the crisis at:­ massive-industry-crisis.html


Fall in UK exports to Ireland

Exports from Great Britain to Ireland fell by almost £2.5 billion in the first seven months of 2021, according to data from the Irish Government. The largest decrease was in food and live animal exports, which have been subject to new physical and documentary controls since January 2021.
Read more about the fall at:


Increase in access to next-generation broadband

More than half of UK homes and businesses can now access the fastest commercial broadband speeds available, according to new figures from ThinkBroadband. This is a major increase in gigabit broadband availability, which stood at just 6% in January 2019.
Read more about the increase at:

Marketing law

Consultation on green claims guidance

The Competition & Markets Authority is consulting on draft guidance for businesses on misleading environmental claims. The consultation follows an investigation into the impact of green marketing, which revealed that 40% of green claims made online could be misleading consumers.
Read more about the consultation at: on/ cma-consults-green-claims-guidanee/?

Consumer spending

Cards account for four in every five pounds spent

Research by the British Retail Consortium has revealed that debit and credit card transactions were used for four in every five pounds spent in 2020. The impact of the pandemic means that cash now accounts for just 15% of total retail spend.
Read more about the research at:


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