Monday newspaper round-up: Zero-hours contracts, Barclays, Asos

(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian Barclays says it has fixed the IT glitch that left thousands of customers locked out of their accounts on Friday and Saturday, and promised to compensate them for any losses incurred. The bank said customers could use its payment apps and online services, although some still faced a wait on Sunday to check updated balances and whether payments had been processed. - Guardian

Britain's growth outlook has been slashed for 2025 as the economy struggles with tax hikes, high borrowing costs and a slump in business confidence. The UK's GDP will grow by just 1pc this year, according to the EY Item Club, down from previous forecasts of 1.5pc after the economy ground to a halt over winter. - Telegraph

The US Federal Reserve could be forced to delay further interest rate cuts for 18 months due to President Trump's imposition of tariffs on Canada, Mexico and China, leading economists have warned. On Saturday, Trump said that a tariff of 25 per cent on Canadian and Mexican imports and an additional 10 per cent tax on Chinese goods would come into force on Tuesday. Energy imports from Canada would face a lower 10 per cent levy. - The Times

Two leading credit insurers have reinstated cover for Asos clothing suppliers, signalling renewed confidence in the online fashion retailer's financial stability. Atradius and Coface restored cover last month having withdrawn it in 2023 amid concerns over the fashion retailer's tumbling profits, The Times understands. - The Times