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Thursday newspaper round-up: Energy bills, Tata Steel, NMC Health

(Sharecast News) - Household energy bills are to rise after prices on the UK's wholesale electricity market soared to a record high last month, furthering concerns about more families being pushed into fuel poverty this winter. The electricity market price passed the £100 a megawatt-hour mark last month for the first time since the market was formed in 1990, according to analysis by Imperial College London. - Guardian

The owner of Port Talbot steelworks crashed to a £347m annual loss as the pandemic hit demand, but insisted its finances are healthier after its parent, Tata, pumped in almost £1bn of equity. Losses at Tata Steel UK in the year to the end of March improved from £654m a year earlier but underlined the struggles of Britain's steel industry. - Guardian

Treasury civil servants will be allowed to permanently work from home for most of the week in a shift that threatens to undermine Rishi Sunak as he attempts to revive cities by pushing for office workers to return. Job adverts reveal that most of the department's staff will never have to come back to their desks full time, and will be free to stay at home for two or three weekdays. - Telegraph

More than half of American businesses are planning or considering requirements relating to the Covid jab by the end of the year, more than double the 21 per cent of companies that have some form of mandate at present. Options vary from a strict order for all employees to be vaccinated to limiting access to certain areas such as cafeterias to inoculated workers, according to Willis Towers Watson. - The Times

Creditors of NMC Health, the former FTSE 100 private healthcare group embroiled in a "massive" fraud scandal, have approved a restructuring that will allow 34 group companies to exit administration in Abu Dhabi and to continue to operate the core business. In a vote in the United Arab Emirates yesterday, creditors gave "overwhelming" support for an effective debt-for-equity swap called a deeds of company arrangement. - The Times

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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
Sunday newspaper round-up: EU tariffs, Begbies Traynor, Burberry's
(Sharecast News) - The US President announced that imports from the EU and Mexico would both be taxed at 30% commencing on 1 August. The announcement was a surprise for both Brussels and the US trade representative, Jamieson Greer, as both believed that they had reached a deal that would be acceptable to both sides. EU trade ministers' previously scheduled Monday meeting will now see them come under pressure to show a "tough" reaction. - Guardian

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