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Friday newspaper round-up: UK manufacturing, passport fees, Thames Water

(Sharecast News) - Thousands of European airline staff are being trained to stop people boarding flights to Britain without valid visas, in a move billed by the foreign secretary as a digital upgrade to border controls. David Lammy said the measures marked a step towards "more secure, more digital and more effective" borders, but the move could raise questions about human rights safeguards. - Guardian UK manufacturing is expected to receive support to ease energy costs and boost skills, the Guardian understands, as part of a long-awaited industrial strategy due to be unveiled next week. Energy-intensive industries have long complained that they pay too much for electricity compared with competitors in the EU, while the wider industrial sector has struggled to recruit skilled staff. - Guardian

Ministers have been urged to increase the £95 passport renewal fee in a blow for millions of Britons. The National Audit Office (NAO) said the Passport Office should increase its fees to address a growing black hole in the department's annual budget. The Passport Office had a budget shortfall of £223m last year and a total deficit of £916m over the last five years. The gap is currently covered through taxpayer funds but the NAO said fees should instead be increased to fill the black hole. - Telegraph

The government has given the strongest indication yet that it is preparing to put Thames Water into administration. Answering questions in the Commons, Steve Reed the environment secretary, was asked to comment on backbench unease that a consortium plotting a takeover of Thames Water is lobbying Ofwat, the regulator, to ease up on the fines and penalties it is levying against the company for past misdemeanours and ongoing poor performance. - The Times

The boss of Aviva has warned the government that it is for savers to decide where they invest their pensions amid mounting concern in the retirement industry that ministers will force funds to buy UK assets. Dame Amanda Blanc told The Times CEO Summit that companies such as Aviva that provide defined contribution workplace plans were making investments based on "choices made by the members of those schemes". - The Times

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Tuesday newspaper round-up: Nissan, Morrisons, Ford
(Sharecast News) - Nissan has started the production of its latest electric car in Sunderland, a crucial step in the UK automotive industry's transition away from petrol and diesel. The Japanese manufacturer will launch the third generation of the Leaf on Tuesday, which was the first mass-market battery electric car to be built in the UK. Nissan has made 282,704 Leaf models at the north-east England plant so far. - Guardian
Monday newspaper round-up: Cryptocurrencies, jobs downturn, Cycle Pharma
(Sharecast News) - Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Ministers have sought to overhaul the crypto market, which has ballooned in popularity as a way of investing money and making payments. Cryptocurrencies have not been subject to the same regulation as traditional financial products such as stocks and shares, which means that in many cases consumers do not enjoy the same level of protection. - Guardian
Friday newspaper round-up: OBR, franchise agreements, GoCardless
(Sharecast News) - MPs have launched an inquiry into the role and performance of the Office for Budget Responsibility. The all-party Commons Treasury committee will spend until the end of next month investigating the independent agency's forecasting performance and impartiality. The panel will consider whether reforms are needed 15 years after the OBR was set up by George Osborne when he was Tory chancellor. - Guardian
Thursday newspaper round-up: Youth employment, SpaceX, EY
(Sharecast News) - Britain is slipping down the global league table for youth employment amid a dramatic rise in worklessness that is putting a generation's future at risk, research has warned. Sounding the alarm over a worsening youth jobs crisis, the report from the accountancy firm PwC said Britain's economy was missing out on £26bn a year because of sharp regional divisions in youth joblessness. - Guardian

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