Business

The government should revoke a series of steel quotas on cheap imports despite warnings it will damage domestic producers, trade advisers have recommended. The recommendation, described as a “hammer blow” by industry bodies, was made by the Trade Remedies Authority (TRA), an arms-length body charged with protecting UK industry from unfair competition. It has advised
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Morrisons has defended increased executive rewards as profits tumbled during the coronavirus crisis last year, following a massive investor revolt. Just over 70% of votes cast at the supermarket chain’s annual general meeting (AGM) rejected the remuneration report for its last financial year. In advance of the virtual meeting, Sky News reported that several investor
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A coalition of transatlantic airlines have demanded that President Biden and Boris Johnson lift “overly cautious” travel restrictions between the US and UK given the strength of the two countries’ coronavirus vaccine programmes. The companies, which include all the carriers offering passenger services between the nations and other industry players including Heathrow Airport, argued that
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Britain’s lowest-paid workers are most at risk of unemployment when the government’s furlough scheme ends later this year, according to a new study. They were also three times more likely to have already lost their jobs during the pandemic, after a “rollercoaster” year, researchers at the Resolution Foundation said. The think tank, which focuses on
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Businesses looking to secure government contracts will have to pledge to be net zero by 2050 under new requirements. From September, firms seeking public sector contracts worth more than £5m a year will also have to publish “clear and credible carbon reduction plans” before being considered, the Cabinet Office said. The move, which coincides with
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