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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Monday newspaper round-up: Public sector workers, Royal Mail, energy suppliers

(Sharecast News) - Nearly 2 million public sector workers could be close to quitting over poor pay, their representatives have warned, leaving the UK's public services facing a looming crisis. The Trades Union Congress (TUC) said the efforts of millions of key workers got the UK through the worst of the Covid pandemic, but now those same workers were facing another year of "pay misery" at the hands of the government - while the cost of living continues to soar. - Guardian

Planned strikes by Royal Mail workers in the next two weeks have been called off after a challenge by the company. Members of the Communication Workers Union (CWU) are involved in a long-running dispute over pay and conditions. A series of strikes has taken place in recent weeks and more had been planned on 2, 3, 4, 8, 9 and 10 November. - Guardian

Elon Musk could avoid giving a payout of up to $90m (£78m) to sacked senior Twitter executives after dismissing them "for cause", it has been reported. The new owner of the social media giant sacked four senior executives, including chief executive Parag Agrawal and finance chief Ned Segal, on Thursday, as he moved quickly to assert control over the company following the completion of his $44bn takeover. - Telegraph

Struggling household energy suppliers have been thrown a financial lifeline by a key player in the market, reducing the risk that taxpayer bailouts will be needed in a boost for Rishi Sunak. Elexon, which manages the electricity trades that keep Britain's lights on, has significantly cut the size of the deposits it requires suppliers to offer for power plants when they order electricity in advance. - Telegraph

Eight people have been arrested over alleged "organised criminal attacks" on multibillion-pound government tax incentives meant to spur investment in technology and innovation. HM Revenue & Customs is investigating a suspected conspiracy to submit fraudulent claims for relief under the research and development tax credit schemes. - The Times

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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