BT asks ministers to help pay for low-cost broadband for poorest customers

Critics say telecoms firms such as BT – which made £1.9bn profit last year – can afford to keep customers on benefits connected

BT has warned that the telecoms industry cannot afford an estimated potential loss of up to £2bn annually providing low-cost broadband to millions of the UK’s most financially pressured households, but critics have said they have an obligation to do so.

Marc Allera, the chief executive of BT’s consumer division, which includes the mobile company EE, said the industry needed government support to help cover the ongoing cost of providing cheap tariffs, the same way households have been helped with energy bills.

Continue reading...

UK households have cut energy consumption by 10%, say suppliers

E.ON reports up to 15% drop as Grant Shapps writes to firms customers cutting back on energy use should not face direct debit rise

Britons have cut their gas and electricity use by more than 10% since October in the first evidence of the impact of the energy crisis on household habits, according to two of Britain’s biggest suppliers.

E.ON, Britain’s second-largest supplier, and the owner of Utility Warehouse have reported “double-digit” declines in recent weeks.

Continue reading...

Company fires 2,700 workers while they were sleeping days before Thanksgiving

Workers at Mississippi-based furniture company received text saying they were terminated right before midnight on 21 November

A Mississippi-based furniture company abruptly fired nearly 2,700 workers in the US just days before Thanksgiving, according to multiple reports.

Right before midnight on 21 November, thousands of workers – many of whom were asleep – received a text message from United Furniture Industries (UFI) saying that they were terminated effectively and were no longer allowed to return to work.

Continue reading...

UK rail passengers face new disruption in latest strike

People urged to travel only if necessary as train drivers with Aslef at 11 rail operators take industrial action over pay

Passengers across Britain face another day of cancelled or disrupted rail services on Saturday as drivers for 11 train companies go on strike.

Train operators urged people to travel only if necessary and to check before setting out, with no trains or only a handful of services running on affected routes.

Continue reading...

Shares in UK’s top housebuilders fall as housing market cools

Large estate agent chain’s profits also hit as interest rate rises and cost of living crisis put off potential buyers

Shares in one of the UK’s biggest estate agent chains and some of the largest British housebuilders fell on Friday, amid the latest warnings about the outlook for the housing market, as potential homebuyers are squeezed by rising interest rates and the cost of living crisis.

The share price of LSL Property Services, one of the UK’s largest estate agent chains, tumbled by as much as 11% after it warned on profits for the second half of the year and said conditions in the housing market had become more challenging than anticipated.

Continue reading...

Amazon warehouse workers stage Black Friday strikes and protests around world

On one of firm’s biggest shopping days of year, employees demand better wages and conditions

Amazon warehouse workers in the UK and 40 other countries are to strike and stage protests timed to coincide with the Black Friday sales, one of the company’s biggest shopping days of the year.

Employees in dozens of countries, from Japan and Australia to India, the US and across Europe, are demanding better wages and conditions in a campaign called “Make Amazon Pay”.

Continue reading...

Nurses to strike for two days as December disruption deepens

Royal College of Nursing announces unprecedented action, likely to to be first in a series of strikes by NHS staff over winter

The Royal College of Nursing (RCN) has announced its members will stage national strikes – the first in its 106-year history – on 15 and 20 December, with action expected to last for 12 hours on both days.

The unprecedented industrial action will seriously disrupt care and is likely to be the first in a series of strikes over the winter and into the spring by NHS staff, including junior doctors and ambulance workers.

Continue reading...

Sales boost for B&Q and Screwfix owner amid rush for energy-saving products

Kingfisher says sales of loft insulation roll more than double while smart thermostats rose by nearly a third

The B&Q owner, Kingfisher, has reported higher sales as fears over higher gas and electricity costs boosted demand for energy-efficient products including insulation roll and smart thermostats.

The retail group, which also owns the hardware trade supplier Screwfix, said customers who invested in a raft of energy-saving DIY products helped increase group sales by 0.6% to £3.3bn in the three months to October. When stripping out the impact of the weaker pound, sales were up 1.7%.

Continue reading...

Annual UK energy bills would have hit £4,279 without emergency support, Ofgem says

Regulator raises cap for start of 2023 by £730 but government limits typical bill to £3,000 from April

The energy regulator Ofgem has said its price cap will reach £4,279 from January – but households will be shielded by the government’s emergency intervention to keep a lid on bills.

Ofgem said the cap, which is adjusted every quarter, will increase by £730 for the three months from the start of next year. However, the government’s energy price guarantee (EPG) will limit typical household bills to £2,500. Analysts had expected the cap to sit at about £4,200.

Continue reading...

UK single parents skipping meals due to food price inflation, Which? finds

Consumer body says one in three lone parents forced to miss meals or visit food banks to make ends meet

Close to a third of single parents have resorted to skipping meals to make ends meet because of rising food costs, according to research revealing the household types worst hit by the cost of living crisis.

Three in 10 single parent households surveyed said they had missed meals as a consequence of runaway food prices. That compared with one in seven parents in couples and an overall figure of 14% in the poll by the consumer group Which?

Continue reading...

EasyJet looks to over-45s in cabin crew recruitment drive

Airline launches campaign targeting ‘empty nesters’ or people looking for challenge later in life

The airline easyJet has launched a recruitment drive urging people over the age of 45 to join its cabin crews, as firms devise new strategies for hiring staff in the UK amid a shortage of workers.

The airline said it has seen a 27% increase in crew aged 45 and over in the past four years, including a 30% increase in over-60s in the past year.

Continue reading...

Major funds exposed to companies allegedly engaged in Uyghur repression in China

Report finds stock indexes provided by MSCI include companies using forced labour or constructing surveillance state in Xinjiang

Many of the world’s largest asset managers and state pension funds are passively investing in companies that have allegedly engaged in the repression of Uyghur Muslims in China, according to a new report.

The report, by UK-based group Hong Kong Watch and the Helena Kennedy Centre for International Justice at Sheffield Hallam University, found that three major stock indexes provided by MSCI include at least 13 companies that have allegedly used forced labour or been involved in the construction of the surveillance state in China’s Xinjiang region.

Continue reading...

Gene therapy at $3.5m a dose approved for US adults with hemophilia B

Hemgenix frees patients from repeated treatments but initial cost makes it most expensive medicine in the world

US drug regulators have approved a one-off gene-therapy treatment for adults with the genetic blood disorder hemophilia B that frees patients from repeated treatments but costs $3.5m a dose, making it the most expensive medicine in the world.

The US Food and Drug Administration (FDA) approved CSL Behring’s hemophilia B gene therapy Hemgenix on Tuesday. It cuts the number of bleeding events expected over the course of a year by over half, a study found, and reduces 94% of patients from the need for regular infusions to control the condition.

Continue reading...

Royal Mail workers to go ahead with strikes before Christmas after rejecting pay offer

CWU members to strike on dates around Black Friday and Christmas after spurning ‘final’ pay offer up to 9%

Strikes by postal workers around Black Friday and in the run-up to Christmas are to go ahead after their union rejected a pay offer that Royal Mail said was final.

Members of the Communication Workers Union (CWU) will strike for 48 hours on Thursday and Friday and on 30 November and 1 December, and will also carry out single days of action on 9, 11, 14, 15 and 23 December and on Christmas Eve.

Continue reading...

Founder of failed crypto exchange FTX apologises to ex-employees

Sam Bankman-Fried continues to say firm’s downfall can be solely explained by misplaced $8bn

The founder of the failed crypto exchange FTX has written to its former employees apologising for his role in its collapse and continuing to insist its downfall can be solely explained by a misplaced $8bn (£6.7bn).

In the letter, first published by the industry news site CoinDesk, Sam Bankman-Fried wrote: “I deeply regret my oversight failure. In retrospect, I wish that we had done many many things differently … I’m going to do what I can to make it up to you guys – and to the customers – even if that takes the rest of my life.”

Continue reading...

UN to vote on new tax convention proposed by African states

Developing nations hope draft resolution will pave way for fresh talks on global tax policy

Developing nations are hoping to secure greater power over global tax affairs at a critical United Nations vote in New York on Wednesday.

If the body’s members vote in favour of a resolution put forward by the African Group of states, it could pave the way toward fresh intergovernmental talks on global tax policy.

Continue reading...

Australia politics live: Qantas plays ‘hardball’ on workplace relations, Shorten says; Karen Andrews makes emotional speech on domestic violence

Liberal MP Karen Andrews addressed the International Day for the Elimination of Violence Against Women in parliament. Follow all the day’s news

Independents to launch report on whistleblower protections

Independent MP Andrew Wilkie has been arguing for more protections for whistleblowers for years. The attorney general, Mark Dreyfus, has proposed new laws to boost whistleblower protections, but there are still calls the law needs to go further.

Protecting Australia’s Whistleblowers: The Federal Roadmap draws on landmark research and synthesises three decades of reviews to outline a comprehensive, 12-step roadmap for better protecting and empowering whistleblowers.

Establishment of a whistleblower protection authority to oversee and enforce Australia’s whistleblower protections;

Upgraded whistleblower protections for Australian public servants in line with domestic and international best practice, including a positive duty to protect whistleblowers and steps to make it easier for whistleblowers to enforce their rights;

Consolidation and harmonisation of whistleblowing laws across the private sector in one new single law covering all non-public sector whistleblowers; and

Stronger, simpler protections for whistleblowers who make disclosures to the media and members of parliament.

The mortality ratios from Covid in Australia are quite similar to those estimated in other advanced nations. As a share of the population, fewer people died from Covid in Australia than in most other affluent nations. Yet among those who died, the same health inequalities can be seen in Australia as in other advanced countries.

What might have driven the socioeconomic disparities in Covid mortality? And why might many of those disparities have been largest in the Delta wave? As I have noted, disadvantaged people may be less able to work remotely, more reliant on public transport, and more likely to live in crowded households. Uptake of vaccination and antiviral treatments have varied across society as vaccines and treatment became increasingly available. Another factor is that successive Covid waves have had varying degrees of severity. A final factor is that in the years since Covid began, population immunity has steadily risen.”

Across all waves of the pandemic, deaths from Covid were highest among those aged 80‑89 years. The median age of those who died from Covid was 87.4 years for females and 83.6 years for males. Males had a higher number of registered Covid deaths than females. For every 100 female Covid deaths, there were 126 male Covid deaths. Around 3-quarters of all Covid deaths occurred in Victoria and New South Wales.

Continue reading...

G4S strike prompts fears of festive cash shortages at banks and shops

More than 1,000 staff who deliver money to firms such as Barclays, Asda and Tesco to take action

More than 1,000 security workers who deliver cash and coins to some of the UK’s biggest banks and supermarkets have voted to strike in December, raising the prospect of potential cash shortages in the run-up to Christmas.

The 48-hour strike by 1,156 members of the GMB union who work for the security company G4S is due to take place from 3am on 5 December, after a 97% vote in favour of industrial action in a dispute over pay. However, only 665 workers voted in the ballot, a turnout of 58%.

Continue reading...

UK retailer AO World reports bigger losses amid living costs crisis

Online electrical store is cutting costs but faces ‘tough environment’ and supply chain problems

The online electrical goods retailer AO World has reported bigger half year losses as it has been hammered by the cost of living crisis and supply chain problems.

AO, which sells kitchen appliances, mobile phones and laptops for home delivery, warned of tough times ahead, but raised its full-year earnings guidance after closing loss-making divisions and its German business. This drove its shares 15% higher, but they are down more than 40% so far this year.

Continue reading...

UK to be second weakest performer of world’s big economies next year – OECD

Most countries’ forecasts cut as Ukraine war prompts ‘largest energy crisis since the 1970s’

The UK will be the second weakest performer of the world’s big economies next year as the global economy continues to suffer the knock-on effects of the biggest energy shock in four decades, a leading international institution has warned.

The Paris-based Organisation for Economic Co-operation and Development said only Russia of the members of the G20 group of leading developed and developing nations would suffer a bigger contraction than Britain in 2023.

Continue reading...