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Wednesday newspaper round-up: Food security, Tesla, furlough

(Sharecast News) - Farmers have accused the government of failing to listen to their warnings over the future of domestic food production, after concerns ministers would not increase the number of seasonal worker visas next year. The criticism came at a summit convened by the National Farmers' Union (NFU) and attended by the environment minister, George Eustice, where food producers, processors and retailers urged government to fix supply chains to ensure food security. - Guardian

The biggest taxi firm in Paris said it was suspending the use of Model 3 Teslas in its fleet after a fatal accident in the French capital at the weekend. A driver lost control of his Tesla on Saturday night in the southeastern 13th district of Paris, killing one person and injuring 20, with three people in intensive care. Paris prosecutors on Saturday opened an investigation into the incident. - Guardian

Rishi Sunak must be ready to bring back the furlough scheme to save shops and restaurants, the International Monetary Fund has warned as the spread of the omicron variant threatens further restrictions on the economy. The international financial stability watchdog said the Chancellor should be ready to reintroduce targeted measures to limit the economic damage from any new rules. Whitehall officials are reportedly considering a "plan C" including mandating table service in pubs to ensure social distancing. - Telegraph

The City regulator gave a "free pass" to banking misconduct when it "wrongly" excluded about 10,000 businesses from a redress scheme for the mis-selling of interest rate hedging products, an independent review has found. John Swift QC concluded that the Financial Services Authority failed in its duties when it implemented an eligibility cap for victims of the scandal. - The Times

The energy watchdog is to apply more stringent checks on electricity and gas suppliers as part of a reform package designed to prevent a repeat of the crisis engulfing the industry. Jonathan Brearley, chief executive of Ofgem, said providers would be subject to "robust stress testing", with executives also placed under greater scrutiny. He wrote in the Financial Times that the watchdog would use more sophisticated data analysis. - The Times

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Friday newspaper round-up: Banks, Meta, John Lewis, Big Four accountancy firms
(Sharecast News) - John Healey is poised to tax Britain's banks in his 28 October budget, to help offset the damage inflicted on the public finances by war in the Middle East, the Guardian understands. The chancellor is in Bangkok, where the International Monetary Fund has praised the UK's progress towards balancing the books, urging him to "stay the course". To keep the Treasury's deficit reduction plans on track in the face of rising government borrowing costs, the Guardian understands Healey has decided to tap the financial sector for additional revenue. - Guardian
Thursday newspaper round-up: Hospitality jobs, household bills, Netflix
(Sharecast News) - Bars, clubs and restaurants will offer up to 100,000 jobs to young people not in employment, education or training (Neet) over the next three years in an effort to give them a first step on the ladder into work. The move comes before the publication of a report on Neets by the former health secretary Alan Milburn, who has warned that the number of young people not in work or education in the UK could rise to 1.25 million over the next five years unless ministers intervene. - Guardian
Wednesday newspaper round-up: Tariffs, BitMEX, Character.AI
(Sharecast News) - The business secretary has hit back at European demands for British tariffs on Chinese imports, saying the government will not change its trade rules because of pressure from Brussels. Jonathan Reynolds warned that the government would not bow to calls from other countries for the UK to hit Chinese vehicles with import taxes, despite political pressure to align with the EU in exchange for deeper future economic ties. - Guardian
Tuesday newspaper round-up: IMF warning, Poundland, Burberry
(Sharecast News) - The global economy "could soon test the limits of resilience", as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned. In its twice-yearly World Economic Outlook, the IMF said global growth had withstood the Middle East conflict better than feared over the past six months. It said the rerouting of oil supplies away from the strait of Hormuz, and the release of strategic energy stocks, had helped to contain the impact on oil prices from the US-Iran war. - Guardian

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