Sirius Business Bulletin - 15th March 2021
This bulletin provides a summary of topical news, announcements and policy developments affecting business across the UK.
Amazon opens first till-less store
Amazon has opened its first till-less grocery store in the UK. Shoppers must be signed up to Amazon, have the app installed on their smartphone and scan in a code to gain entry to the store.
Read more about the store at: www.theguardian.com/technology/2021 /mar/04/amazon-fresh-opens-first-tilI-less-grocery-store-in-uk?
eBay UK Certified Refurbished hub launched
eBay has launched a Certified Refurbished hub which will make it easier for consumers to find high quality refurbished products from brands such as Dyson, Eve and GoPro. Products sold via the hub have been inspected, cleaned and refurbished by the manufacturer or a manufacturer-approved vendor to meet the necessary specifications.
Read more about the hub at: https://tamebay.com/2021/03/ebay-uk-certified-refurbished-hub-launched-today.htmI
Hospitality and tourism
Bookings surge signals recovery for UK events sector
Bookings for events have risen 250% compared with pre-Covid levels, after the Government’s roadmap out of lockdown was announced. The roadmap includes a removal of all legal limits on mixing from 21 June, with large events permitted. Prices have also increased by 25% compared with before the pandemic, due to demand.
Read more about the demand at: www.theguard ian.com/business/2021/mar/07/bookings-surge-signaIs-end-of-covi d-boom-for-uk-events-sector
Key scheme axed without telling farmers
Organic sector bodies are in talks with Defra after a key environment scheme was axed. The Organic Higher-Level Stewardship scheme was closed in 2019, but farmers were not told about the decision.
Read more about the talks at: www.fwi.co.uk/business/payments-schemes/environmental-schemes/farmers-forced-to-quit-as-organic-scheme crisis-deepens
Review of UK FinTech sector
An independent review of the UK FinTech sector has highlighted ways to create skilled jobs and boost trade. The review recommends creating a £1 billion fund to help firms grow independently and establishing a centre for finance, innovation and technology to support co-ordination and growth across the UK.
Read more about the review at: www.gov.uk/government/news/uks-global-fintech-leadership-bolstered-by-new-review
Free rapid tests for businesses in England
Businesses with fewer than 50 employees in England can sign up to the Government’s free Covid-19 workplace testing programme. Businesses are being encouraged to sign up before 31 March.
Read more about the programme at: www.gov.uk/government/news/free-rapid-tests-for-all-businesses-for-regular-workplace-testing
Relaxation of US export tariff
Whisky, meat and cheese exports are set to benefit from a relaxation on retaliatory tariffs on direct exports from the UK to the US. Around £550 million worth of UK exports will be exempt from the tariffs.
Read more about the relaxation at: www.foodmanufacture.co.uk/Article/2021 /03/05/US-export-tariff-relaxation-boosts-whisky-meat-and-cheese
UK to depart from GDPR
The Government has indicated that the UK’s data protection laws will no longer include the EU’s General Data Protection Regulation. The Government believe that too many organisations are reluctant to use data because they don’t understand the rules or are afraid of breaking them.
Read more about the issue at: www.lawgazette.co.uk/news/uk-to-depart-from-gdpr/ 5107685.arti cle
Disclaimer while all reasonable efforts have been made, the publishers makes no warranties that this information is accurate and up-to-date, © Cobweb Information Ltd, 2021