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Wednesday newspaper round-up: Bookies, water companies, John Lewis

(Sharecast News) - Bookmakers and casinos will be forced to fund NHS services that tackle problem gambling, after Labour rubber-stamped the previous government's plans, which also include a cap of as little as £2 on the sums that can be staked on online slot machines. The Guardian revealed on Monday that the government was poised to approve the new "statutory levy", using proceeds of around £100m a year to fund research, prevention and treatment of gambling harms. - Guardian Water companies in England are using loopholes in order to not pay people who are left for days without running water, the CEO of the regulator has said. Tens of thousands of homes across the country have been left without water for days this year as ageing pipes burst. In May, 32,500 properties in Hastings and St Leonards-on-Sea had no service after a mains pipe burst, with some homes left without running water for five days. In January, households across Reading also faced an interruption to their water supply. - Guardian

Labour is poised to water down electric vehicle (EV) rules amid a mounting crisis in the industry over the pace of the transition away from petrol and diesel cars. Jonathan Reynolds, the Business Secretary, on Tuesday night confirmed a review of the Government's zero emission vehicle (ZEV) mandate after warnings from carmakers that the rules were putting the industry's future at risk. - Telegraph

John Lewis has said it is "worried" about the impact of higher employment costs after Rachel Reeves's decision to increase the National Minimum Wage. In a fresh warning to the Chancellor over measures announced in the Budget, a senior John Lewis director said inflated labour costs were weighing on the department store as it attempts to turn around its fortunes. - Telegraph

More than 1,100 jobs at the historic van-making factory of Vauxhall in Luton are at risk after parent company Stellantis announced it planned to shut the site next April. In a blow to the UK automotive industry, Stellantis said it was in consultation with unions and employees over the proposals. - The Times

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Thursday newspaper round-up: WPP, Jerome Powell, Elon Musk
(Sharecast News) - The advertising agency WPP has been asked to work up ideas for a government-endorsed advertising blitz to urge more consumers to invest in stocks through a "Tell Sid"-style campaign expected to cost tens of millions of pounds. Plans for the nationwide push were announced by chancellor Rachel Reeves on Tuesday at her Mansion House speech, as she unveiled a fresh deregulation drive meant to increase financial risk-taking across the UK to help spur growth. - Guardian
Wednesday newspaper round-up: Red tape, billionaires, diesel emissions
(Sharecast News) - Rachel Reeves has claimed that rules and red tape are acting as a "boot on the neck" of businesses and risk "choking off" innovation across the UK without bold reforms. In a speech to City bosses attending the Mansion House dinner at London's Guildhall on Tuesday evening, the chancellor heaped further pressure on regulators to allow for more risk in order to boost economic growth. - Guardian
Tuesday newspaper round-up: Rachel Reeves, electric cars, Marks & Spencer
(Sharecast News) - Rachel Reeves will claim that cutting red tape for City firms will have trickle-down benefits for households across Britain, as she tries to drum up support for a new financial services strategy. A raft of regulatory reforms are due to be announced by the chancellor on Tuesday, in what the Treasury says will be the "biggest financial regulation reforms in a decade". It will come before her Mansion House address to City bosses during a dinner at Guildhall in London on Tuesday evening. - Guardian
Monday newspaper round-up: Pubs, country houses, Severn Trent
(Sharecast News) - The boss of the pub chain Greene King has called for changes to business rates to remedy "unfairness" that he said added to financial pressures on the struggling pubs industry. Nick Mackenzie, Greene King's chief executive, said the business rates system of property taxes should be changed to a tax on profits. - Guardian

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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