Reports suggest that price comparison site Compare the Market have been fined £17.9m for keeping house insurance prices “artificially high”. Compare the Market were engaged in Contracts with insurance firms allowed them to keep prices artificially high, as it stopped these firms from offering cheaper prices on other sites due to clauses in their contract….
The government has been accused of a lack of transparency over £18bn of Covid-related contracts. BBC News – Business
Heathrow says the airport will keep operating despite the walk-out by workers. BBC News – Business
Judges’ decisions on insurance payouts for business interruption has a bearing on 370,000 businesses. BBC News – Business
The Kickstart scheme for 16-24 year-olds aims to tackle surging youth unemployment, but will it be enough? BBC News – Business
Book and food retailer WHSmith has reportedly turned over a loss due to the coronavirus pandemic. This is likely due to travel restrictions being imposed in the UK, as WHSmith is primarily a brick and mortar store, as oppose to an online one. They reported a pre-tax loss of £226m, down from a £135m profit…
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Craig Taylor