UK ‘faces labour shortage’ as Covid and Brexit fuel exodus of overseas workers

Experts say recovery at risk amid sharp fall in EU workers and dwindling interest in UK jobs from abroad

Britain’s employers are struggling to hire staff as lockdown lifts amid an exodus of overseas workers caused by the Covid pandemic and Brexit, industry figures reveal.

According to the Chartered Institute of Personnel and Development (CIPD) and the recruitment firm Adecco, employers plan to hire at the fastest rate in eight years, led by the reopening of the hospitality and retail sectors as pandemic restrictions are relaxed in England and Wales on Monday.

Continue reading...

FTSE 100 closes above 7,000 for first time since Covid crash

Shares rise by more than 30 points as China reports record economic growth

The FTSE 100 has closed above 7,000 for the first time since the Covid-19 pandemic triggered a collapse in global markets last year, driven by rising hopes for the world economy after record growth in China.

The index of leading UK company shares ended the day up 36 points on Friday, or 0.5%, at 7,019, the highest level since late February 2020 when the first wave of Covid-19 sent shock waves through financial markets around the world.

Continue reading...

UK Covid passports – who’s for and who’s against?

Labour leftwingers and Tory libertarians oppose them, while Keir Starmer’s position appears flexible

One of the most significant political controversies of the coronavirus period is likely to be over the idea of Covid “passports” – app-based, biometric certificates that would allow people entry to potentially crowded spaces. While they are sometimes referred to as “vaccine passports”, these would not just show vaccination status. Other ways people could prove they were safe to mingle would be a sufficiently recent test showing significant Covid antibodies, or a very recent negative test for the virus.

These are distinct from the idea of a proof of vaccination to be allowed to enter overseas countries, which is less contentious.

Continue reading...

Primark supplier reportedly locks workers in factory to stop their anti-coup protest in Myanmar

Garment workers in Yangon say they were dismissed for breaking out to take part in civil disobedience movement

Garment workers in Myanmar who produce clothing for Primark were locked inside their factory by supervisors who tried to prevent them from joining anti-coup protests, testimonies given to the Guardian claim.

Workers employed by GY Sen, which supplies Primark, claimed to the Guardian that their supervisors had sought to prevent them from missing work to take part in protests in the main city Yangon on 18 February. Up to 1,000 workers were trapped inside, according to workers, who said they were able to break free after several hours.

Continue reading...

Call for Reconciliation Australia to pull Woolworths support over Darwin Dan Murphy’s

Indigenous leaders want retailer held accountable over planned alcohol store near three dry communities

Aboriginal and Torres Strait Islander community and health leaders want Reconciliation Australia to revoke its support for Woolworths over the retail giant’s plans to build one of Australia’s largest alcohol stores in Darwin, near three dry Aboriginal communities.

A letter signed by health, legal, domestic violence and community group leaders draws comparison to Rio Tinto, which was dumped by Reconciliation Australia over the destruction of a 46,000-year-old Aboriginal heritage site in the Pilbara, which said Rio’s actions were a “breathtaking breach of a respectful relationship”.

Continue reading...

Will Ikea’s recycling scheme really make it greener?

The furniture chain is trying to tackle the throwaway culture problem, but it has drawn criticism

If spending more time at home has made you consider a furniture update, do not sling out that Billy bookcase just yet. Instead of taking it to the tip, you may be able to raise some cash through Ikea’s new buyback service. The scheme, which it announced last autumn, allows customers to take their furniture back to the store to be refunded and receive a voucher worth up to half of the item’s original value. It will then be resold to a new home, giving it “a second chance at life”.

The furniture retailer says the service will reduce waste and increase sustainability, and is part of its efforts to go greener. Last week it told the FT it was also looking at offering a wider range of spare parts to help people repair its products.

Continue reading...

White House ‘monitoring’ GameStop share surge as US hedge fund pulls out

Melvin Capital Management had bet on failure of store before small investors sent shares soaring

The White House has said it is “monitoring” the extraordinary surge in the share price of ailing video games retailer GameStop and other companies amid a surge of bets by small investors discussing their investments online.

Wednesday’s announcement by the press secretary, Jen Psaki, came as the Treasury and the Securities and Exchange Commission said they were “aware of and actively monitoring the ongoing market volatility in the options and equities markets”.

Continue reading...

How GameStop found itself at the center of a groundbreaking battle between Wall Street and small investors

The video game retailer has become one of the hottest stocks this year in a tale that illustrates the changing face of investing

The coronavirus pandemic hit GameStop hard. Like many retailers, already suffering from the shift to online sales, the video games chain is losing money and plans to close 450 stores this year. And yet, surprisingly, GameStop has become one the hottest stocks of the year.

The 37-year-old chain store group is now the focus of a David-and-Goliath battle between an army of small investors and Wall Street that shows no signs of abating and has highlighted some fundamental shifts in investing.

Continue reading...

‘Hate-wear’ and ‘sadwear’: fashion’s new names for lockdown dressing

NYT and Esquire coin terms for the ways people are expressing frustration through clothes

With online sales booming but retail in sharp decline, the pandemic has changed shopping for ever. Practical, comfortable items suitable for a lifestyle of working from home and occasional trips outside – such as Ugg boots, Crocs and trousers with elasticated waistbands – have seen rising sales.

But with many of us grappling with our emotions during lockdown, the way we feel and speak about our clothes has altered too.

Continue reading...

Firms halt deliveries from UK to EU over Brexit border problems

DPD pauses road service and retailers suspend sales or reduce lines amid concerns over paperwork and tariffs

A growing number of retailers and courier firms are suspending or cutting back deliveries into the EU as companies grapple with new border controls as well as import taxes.

On Friday DPD, the international delivery giant, said it was “pausing” its road service from the UK into Europe, including the Republic of Ireland. Separately, Marks & Spencer said it was concerned that a third of the products in its Irish food halls, including Percy Pig sweets, would now be subject to import tariffs. Such taxes could spell higher prices for shoppers.

Continue reading...

Future shock: how will Covid change the course of business?

The crisis poses a deadly threat to some sectors and creates opportunities for others. We examine how they will fare in 2021

Coronavirus has changed lives and industries across the UK, accelerating fundamental shifts in behaviour and consumption that were already on their way. Debates about home working, preserving local high streets and the ethics of air travel were bubbling away before coronavirus rampaged across the world, but the consequences of the worst pandemic in more than a century have either settled those arguments or boosted the momentum behind certain lifestyle changes. Here we look at how those debates have been changed – or resolved – by Covid-19.

Continue reading...

NSW premier calls on shoppers to avoid Sydney’s Boxing Day sales as Covid cluster grows to 108

Warning comes as all passengers on board a regional flight told to isolate, and alerts issued across Sydney for a gym, cafes, shopping centre, food court and Santa photos

  • NSW Covid hotspots – list of venues and case locations
  • Border restrictions: rules for NSW travellers
  • Second person from superyacht moored in Cairns tests positive
  • Sydney shoppers have been urged not to enter the central business district for the traditional Boxing Day sales after the state recorded seven new locally acquired coronavirus cases and the northern beaches cluster grew to 108.

    The Australian Retailers Association labelled the NSW premier’s plea for consumers to stay at home on “the biggest day on the retail calendar” as “incredibly disappointing”.

    Continue reading...

    Hungry and afraid: life for factory workers meeting UK demand for cheap clothes

    Pakistani workers describe trying to survive on the less than £50 a month many of them earn making items for firms such as Boohoo

    When Qasim Ahmed* arrived in Faisalabad a year ago, he didn’t want much – just enough money to pay for a roof over his head, buy food and send a little cash home each month.

    Today, that seems like a fantasy. Instead of having enough to get by, he claims, he has found himself struggling to survive, frequently going hungry, feeling abused by his boss and fearing he is working in a factory that could go up in flames. “It makes me sad that I can’t help my parents and siblings the way I hoped before coming here,” he says.

    Continue reading...

    Boohoo selling clothes made by Pakistani workers ‘who earned 29p an hour’

    Guardian investigation finds claims of safety issues, with workers saying they sometimes work 24-hour shifts

    The fast fashion brand Boohoo is selling clothes made by Pakistani factory workers who say they face appalling conditions and earn as little as 29p an hour, an investigation by the Guardian has found.

    In interviews in the industrial city of Faisalabad, workers at two factories claimed they were paid 10,000PKR (£47) a month, well below the legal monthly minimum wage for unskilled labour of 17,500PKR, while making clothes to be sold by Boohoo.

    Continue reading...

    Cyberpunk 2077: how 2020’s biggest video game launch turned into a shambles

    Starring Keanu Reeves and hyped to the heavens, Projekt Red’s dystopian but glitchy romp has been pulled from sale. What went wrong?

    Cyberpunk 2077, one of the most-anticipated video games of the year was released last week. A dystopian romp around a Blade Runner-inspired city, it had all the ingredients for a perfect storm of hype: it’s been nearly a decade in the making; its creator, Warsaw’s CD Projekt Red, was behind one of the greatest games of the last decade (The Witcher 3 – think Game of Thrones but grimier); it stars Keanu Reeves, who is as popular with gamers as he is with everybody else. Eight million people had pre-ordered and paid for the game before it came out. But since 10 December, it’s all gone horribly wrong.

    On launch day, the reviews were good – great, even. Many critics praised the fictional Night City’s realism, its striking skyscraping architecture and grubby alleys; they loved the invigorating gunplay, ballsy characters and neon swagger. Some expressed reservations about the game’s rather adolescent tone and its eagerness to objectify women’s bodies – neither of which were a surprise to anyone who’d been keeping an eye on the game’s marketing.

    Continue reading...

    UK ports disruption – importers call for urgent inquiry by MPs

    Retailers and manufactures demand action after delays caused by pandemic and Brexit

    Retailers and food and drinks companies have called for MPs to launch an urgent inquiry into disruption at British ports, with delays to goods deliveries possibly set to last for months.

    The delays mean consumers may have to pay higher Christmas prices and companies may be unable to build up stockpiles of goods to see them through Brexit disruption, the retail and food and drinks industry warned, in a letter to the chairs of parliament’s transport and international trade committees.

    Continue reading...

    The tactics retailers use to make us spend more – and how they harm the vulnerable

    Online stores draw in shoppers but those with mental health issues are particularly susceptible

    As a digital marketer, Emily Ware spends a lot of time online, yet this comes with a risk. Ware has borderline personality disorder, a mental health condition linked with impulsive behaviours. In her case, that’s spending money online.

    “At the start of 2020 I was £4,250 in debt with nothing to show for it,” she says. “A good 95% of this was due to impulse spending, from clothes to pub trips to gig tickets. One of the worst was spending £300 on tickets to see Cher on a whim.”

    Continue reading...

    Philip Green is the Scrooge who haunts millions of garment workers | Meg Lewis

    The fallen tycoon leaves behind a mountain of debt, much of it owed to exploited people in Asia earning as little as £4 a day

    The collapse of Arcadia in the lead-up to Christmas, and with it the demise of Sir Philip Green’s controversial reign over the UK high street, has a Dickensian feel to it. Over the years, Green has embodied the role of billionaire boss, brazenly handing his wife a tax-free £1.2bn dividend in 2005 (four times the actual annual profits made by the company), while relaxing on his luxury yacht in Monaco. He has rarely showed concern for the workers propping up his empire.

    The stark prospect of 13,000 workers losing their jobs and an estimated £350m pensions deficit during a global pandemic is more than enough to constitute the bleak reality of Christmas present, and Arcadia’s collapse will send further shockwaves throughout the fashion industry. Already, news has emerged that Debenhams faces liquidation as JD Sports pulled out of rescue talks, a knock-on effect following the closure of Arcadia’s concession outlets in the department retailer.

    Continue reading...

    The rock star of retail: how Topshop changed the face of fashion

    With its celebrity collaborations and turbo-charged launches, Philip Green’s Topshop brought fun and drama to the once uninspiring business of clothes-shopping. We chart the rise and fall of the pandemic’s most glamorous corporate victim

    “What’s this I’m reading in the paper? It’s a load of absolute shit, that’s what it is. What’s the matter with you? Are you stupid or what? I’ve never read so much rubbish in my life.”

    It was February 2010, and I was at my desk in the Guardian office. Philip Green didn’t need to introduce himself. His habit of bellowing down the phone was unmistakable, and I had just written an article about how I was falling out of love with Topshop after a decade being in thrall to its shop floor. Green never did take kindly to criticism of the golden child of his Arcadia empire.

    Continue reading...