Royal Mail urges people to use or swap non-barcoded stamps

Deadline is 31 January, although there will then be six-month grace period with such post still delivered

Do you have a book of stamps in your wallet, purse or drawer at home? Maybe you have stockpiled them to avoid future price rises.

If so, you need to be aware that the official deadline for using up stamps without barcodes – notably the regular first and second-class “everyday” stamps featuring the profile of the late Queen – is getting closer.

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Border Force staff join strikes as postal workers walk out again

Passengers arriving in UK can expect longer queues while mail may not arrive in time for Christmas

Border Force officials will on Friday join the wave of industrial action across Britain, starting the first of a series of strikes at airports, while Royal Mail workers walk out again for two days before Christmas.

Passengers travelling into the UK have been warned to be prepared for longer queues at immigration in airports, while many letters and parcels will now go undelivered before Christmas, as staff take action over pay trailing behind inflation.

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Collapsed Australian crypto exchange Digital Surge owed $33m by FTX

More than half of Brisbane company’s digital assets were deposited with Sam Bankman-Fried’s exchange

Collapsed Australian crypto exchange Digital Surge is owed $33m by FTX, one of the biggest cryptocurrency platforms in the world before it collapsed in November.

Brisbane-based Digital Surge passed into administration earlier this month with more than half its digital assets deposited with FTX.

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UK workers face return to 2006 real-term wages in ‘highly challenging’ 2023

PwC predicts increase in divorces, slide in house prices and drop in happiness index

British wages next year will fall back to 2006 levels, while 2023 will also bring a slide in house prices and an increase in divorces, according to a forecast that finds the UK is on course to be a less happy place to live.

The consultancy firm PwC said a look ahead to 2023 showed there were few positive indicators, with most measures of the UK’s economic and social performance going into reverse.

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Warning over spate of UK house fires as residents try to cut energy bills

Take care using candles and electric heaters, fire authorities warn, as Ofgem reveals gas and electricity bills are up by 86%

Fire authorities have urged householders to take care when using candles, wood burners and electric heaters to cut energy bills this Christmas after a spate of recent house fires.

Flat fires in Uxbridge and Harwich this month were caused by candles; fire chiefs in Cumbria, Hereford and Worcester reported more fires as householders used unswept chimneys and candles; and last month in Wakefield a blaze was caused by a tumble dryer being used overnight to save money.

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UK government might block Scottish gender recognition reform bill – as it happened

Scottish secretary hints that Westminster may use rare power to block new law which removes need for diagnosis of gender dysphoria for gender recognition certificate

At the Scottish parliament Nicola Sturgeon, the first minister, is taking questions. Douglas Ross, the Scottish Conservative leader, asks about the gender recognition reform (Scotland) bill and amendments rejected by the Scottish government. He says the bill would allow a man standing trial for raping a woman to force his victim to refer to him as a woman, not a man, and he asks Sturgeon why she voted against an amendment that would have prevented this.

In response, Sturgeon says many amendments have been rejected in the past days. She says where amendments were rejected, it was often because there were alternative ways to add safeguards to the bill. These new safeguards covered sex offenders, she says.

Health and care is under huge strain in the run-up to Christmas. These figures suggest there is absolutely no slack in the system, which is dangerously close to overheating completely.

A key part of the problem is that the vast majority of hospital beds are full – around 95% – including with thousands of patients fit to be discharged. The lack of community and social care means they’ll be spending this Christmas in hospital.

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Australia’s lobster industry hopeful China will drop trade sanctions

Exporters optimistic as Penny Wong raises trade with her Chinese counterpart but many are also wary of being ‘burned again’ by volatile diplomatic relations

Australia’s lobster industry is cautiously optimistic that China could soon remove trade restrictions, but exporters are wary of being “burned again” by sanctions and volatile diplomatic relations.

Many businesses have been paying close attention to foreign affairs minister Penny Wong’s trip to China this week – the first by an Australian minister in three years – where she discussed “trade blockages” with her counterparts.

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Three-quarters of UK firms say Brexit deal has not boosted business

British Chamber of Commerce present government with urgent recommendations as members report struggling to sell into EU

More than three-quarters of firms say the government’s post-Brexit trade deal with the EU has not helped them to expand their business in the last two years despite promises that it was an “oven-ready” deal.

A survey by the British Chambers of Commerce (BCC) has prompted the business lobby group to present the government with five urgent recommendations for enhancing the agreement, which has left many exporters struggling to sell into the EU under the current terms.

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Sam Bankman-Fried expected back in US after agreeing to extradition

FTX founder set to be charged with eight criminal counts, including fraud, conspiracy and money-laundering offenses

Sam Bankman-Fried, the jailed founder of the collapsed crypto-currency exchange FTX, is expected to fly back to the US on Wednesday to face criminal charges after waiving his right to contest extradition from the Bahamas.

After several days of conflicting signals from Bankman-Fried’s US and Bahamian legal teams, the disgraced crypto-king appeared in court in Nassau to inform a magistrate judge of his decision.

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London extends lead as most searched UK location on Rightmove

Capital now top location by some distance after Cornwall led for several months during pandemic

The lockdown dream of leaving the city behind and owning a spacious house in the countryside or by the sea faded in 2022 as homebuyers picked up where they left off before the pandemic: house hunting in London.

Rightmove said the capital was 2022’s top location by some distance with searches 9% higher than last year. Meanwhile the number of searches for homes in Cornwall and Devon fell sharply although the counties, famous for their spectacular coastlines, hung on to second and third place on the property website’s annual list of most searched for locations.

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More pain for online retailer THG as top insurer reduces cover

Cut-back of cover for suppliers is latest in a series of headaches for founder of the troubled business

The troubled online beauty retailer THG faces more pain after a leading credit insurer reduced cover to its suppliers.

The Guardian can reveal that Allianz Trade, one of the UK’s largest credit insurers, cut back cover for suppliers to the beauty-to-nutrition retailer, formerly known as the Hut Group, in recent weeks.

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Ryanair restores pandemic pay cuts for Ireland pilots in time for Christmas

Settlement means airline has reached a pay deal with unions across Europe, excluding Belgium

Ryanair has reached a deal with its pilots in Ireland that will restore the 20% pay cuts the airline made during the Covid pandemic.

The four-year pay deal will also see low single-digit percentage rises for the carrier’s home nation pilots in the next three financial years until March 2027.

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China’s screeching U-turn on Covid will not be an instant fix

If Beijing is expecting an immediate boost from abandoning its tough controls it is mistaken

From zero tolerance to “let it rip”. China has not just changed its mind on how to cope with Covid, it has executed the mother of all U-turns in response to slower growth and mounting civil unrest at the draconian lockdowns.

If Beijing is expecting an immediate economic boost from abandoning its tough controls it is mistaken. There will be a growth dividend from the policy shift but the state of the world’s second biggest economy will get worse before it gets better, and it will be next spring at least before the easing of restrictions starts to pay off.

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TSB fined £48m over ‘serious failings’ in IT meltdown

FCA penalises bank after millions of customers were locked out of their accounts for weeks

City regulators have fined TSB £48m for “widespread and serious” failings related to the IT meltdown in 2018 that left millions of banking customers locked out of their accounts for weeks.

The long-awaited fine is expected to draw a line under the scandal, which tarnished the challenger bank’s reputation and forced its chief executive to step down within months of the botched move to a new IT platform.

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Train drivers to stage fresh 24-hour UK strike on 5 January

Aslef action falls between two 48-hour strikes by RMT, knocking out most trains for five days

Train drivers have called a fresh 24-hour strike on 5 January in the long-running dispute over pay and conditions on UK railways.

The action at 15 train operators by members of the Aslef union falls between two 48-hour strikes by the RMT union on 3-4 and 6-7 January, meaning most trains will be wiped out for five consecutive days.

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British Airways apologises after flights delayed in US and Caribbean

Airline blames technical issue for disruption at airports including Denver, New York and Miami

British Airways has apologised after a technical issue triggered a wave of flight delays across the US and the Caribbean.

The airline said problems with its third-party flight planning supplier were behind the delays, as customers reported disruption in departing cities including Denver, New York and Miami.

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FTX founder Sam Bankman-Fried agrees to US extradition

Crypto mogul’s lawyer in Bahamas says he wanted to see indictment before consenting to travel to face fraud charges

Fallen crypto mogul Sam Bankman-Fried has now decided to agree to be extradited to the United States to face fraud charges, two of his lawyers said on Monday, just hours after one of them told a Bahamas judge the FTX founder wanted to see the US indictment against him before consenting.

On Monday afternoon, Jerone Roberts, Bankman-Fried’s criminal defense lawyer in the Bahamas, told media outlets including the New York Times that his client had agreed to be voluntarily extradited and that he hoped Bankman-Fried would be back in court later this week.

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Exodus of more than half a million from workforce ‘puts UK economy at risk’

Loss of employees since Covid raises fears of weaker growth and higher inflation, says Lords report

An exodus of more than half a million people from the British workforce since the Covid pandemic is putting the economy at risk of weaker growth and persistently higher inflation, a Lords report has warned.

The House of Lords economic affairs committee said the sharp rise in economic inactivity – when working-age adults are neither in employment nor looking for a job – since the onset of the health emergency was posing “serious challenges” to the economy.

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King Charles III bank note designs revealed by Bank of England

Monarch’s portrait on £5, £10, £20 and £50 likely to enter circulation in 2024

Designs for bank notes featuring an image of King Charles III have been revealed by the Bank of England, with plans to enter circulation by mid-2024.

Announcing the design for the first time in the run-up to the coronation in May, the UK central bank said the king’s portrait would appear on existing designs of all four of its polymer bank notes currently in circulation – £5, £10, £20 and £50.

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EU energy ministers reach agreement on gas price cap

Months of talks end with ‘dynamic cap’ deal after Germany persuaded by global reference-price condition

EU ministers have agreed a plan to cap the price of gas, ending months of argument over how to handle the cost of soaring energy prices after Russia cut gas supplies to Europe.

“Mission accomplished,” said the Czech minister for trade and industry, Jozef Síkela, who chaired talks between energy ministers, adding that negotiations had not been easy.

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