Sirius News Bulletin - 27th June 2021
This bulletin provides a summary of topical news, announcements and policy developments affecting business across the UK.
Food and drink exports
Non-EU food and drink exports exceeds EU share
Exports of food and drink to non-EU markets were greater than exports to the EU in the first quarter of 2021. Non-EU nations accounted for 55% of all UK food and drink exports. Exports to Ireland were down by more than two thirds, while exports to Germany, Spain and Italy fell by more than half since Ql 2020.
Read more about the exports at: www.fdf.org.uk/fdf/news-media/press-releases/2021-press-releases/non-eu-food-and-drink-exports-exceeds-eu share-folIowing-large-drop-in-sales/
Growth in UK organic sector
The Soil Association’s Organic Market Report has revealed that the organic sector grew by 12.6% in 2020. This is the highest rate of growth seen in 15 years. It follows statistics published by Defra, which revealed that land in conversion to organic increased by nearly 12% in 2020.
Read more about the report at: www.farminguk.com/news/uk-organic-sector-sees-major-boost-during-pandemic 58433.html
Staff shortage drives up wages
A shortage of staff in the hospitality sector has forced pubs and restaurants to hire temporary workers and has increased wages by as much as 14%. Analysis of pub, bar and restaurant shifts by Indeed Flex found that the average hourly pay for a weekend shift is now 9% higher than in 2019. Weekday pay rates also increased by an average of 5%.
Read more about the shortage at: http://caterer!icensee.com/hospitaIity-hiring-crisis-drives-up-wages-by-up-to-14-as-venues-turn-to-temps-to keep-drinks-flowing/
Food delivery companies need 8,000 daily services to be profitable
Researchers estimate that food delivery services, such as Just Eat and Deliveroo need at least 8,000 orders a day to begin to be profitable. The research also found that if delivery services directly recruit drivers their costs would increase by 30%.
Read more about the research at: www.foodnavigator.com/Article/2021/06/21/Food-home-delivery-companies-need-up-to-8-000-daily-services to-be-profita ble-finds-study
Outdoor civil wedding and partnership registrations to be legalised
Outdoor civil wedding and partnership ceremonies in England and Wales are to be legalised. Under current laws a legal wedding or civil partnership ceremony must take place in an approved room or permanent structure. From 1 July, couples will be able to have the whole ceremony outside at approved premises such as hotels.
Read more about the change at: www.instituteoflicensing.org/news/outdoor-civil-wedding-and-partnership-registrations-to-be-legalised/
Manufacturing output grows at record pace
UK manufacturing output volumes in the three months to June 2021 grew at the fastest pace since 1975, according to the latest monthly CBI Industrial Trends Survey. Growth was driven by the motor vehicles & transport equipment and food, drink & tobacco sub-sectors.
Read more about the growth at: www.cbi.org.uk/media-centre/articles/manufacturing-output-grows-at-record-pace-cbi-monthly-industrial trends-survey/
New online tachograph service
Lorry, bus, and coach drivers can now apply and pay for their tachograph cards online using the new DVLA digital service. Drivers using the online service will have new tachograph cards issued within 24 hours of applying compared to 10 days or more when using paper applications.
Read more about the service at: www.gov.uk/government/news/new-dvla-online-tachograph-service-slashes-wait-times-and-allows-instant payments
Survival threat to festivals and the creative and culture sector
The Public Accounts Committee has urged the Government to support festivals that won’t survive without government-backed insurance indemnity against the risk of cancellation. The Committee also raises concerns about whether freelancers and supply chains essential to the culture sector have been able to access Covid support.
Read more about the support required at: https://committees.parliament.uk/com mittee/127/public-accounts-committee/news/156054/survival-threat-to festivaIs-and-across-creative-and-culture-sector/
Home shopping channel achieved record sales in 2020
Ideal Shopping Direct (ISO), the leading UK multi-channel home shopping retailer achieved record sales in 2020 of£ 150 million, an increase of 16% year on year. In 2020, ISO reactivated nearly 22,000 previous customers and acquired more than 36,000 new customers. Ebikes, sewing machines and rattan garden furniture were the most popular items bought using the channel.
Read more about the increase at: www.retailtimes.eo.uk/multi-channel-home-shopping-giant-achieved-record-sales-of-150-6m-and-profits-of-8m during-pandemic/
Increase in cryptoasset ownership
Research published by the FCA estimates that 2.3 million adults now hold cryptoassets, up from 1.9 million in 2020. The research found that 38% of crypto users regard them as a gamble, down from 47% in 2020, while increasing numbers see them as either a complement or alternative to mainstream investments.
Read more about the research at: www.fca.org.uk/news/press-releases/fca-research-reveals-increase-cryptoasset-ownership
New £50 polymer banknote introduced
ACS (the Association of Convenience Stores) is urging retailers to ensure that they are aware of the security features of the new £50 banknote that was introduced on 23 June. The polymer note contains advanced security features including a hologram, a see-through window and an ultra-violet number.
Read more about the features at: www.acs.org.uk/news/one-week-until-introduction-ps50-polymer-banknote
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