Co-op sells food after ‘best before’ dates in waste crackdown

Co-op sells food after ‘best before’ dates in waste crackdown

Image copyright Getty Images East of England Co-op will become the first major retailer to sell food beyond its “best before” dates. The chain’s 125 stores in East Anglia will sell dried foods and tinned products for just 10p in a bid to cut food waste. WRAP, the waste and recycling advisory body, said the […]

Brexit impact on UK pharma industry to be investigated

Brexit impact on UK pharma industry to be investigated

Image copyright Getty Images Brexit may affect the cost of medicines and hit UK pharmaceutical investment, a Commons committee head has warned. Rachel Reeves, who chairs the Business, Energy and Industrial Strategy (BEIS) committee, says access to new medical products may also be at risk. She said the uncertainty around Brexit was “very concerning”, as […]

Labour leader calls bankers speculators and gamblers

Labour leader calls bankers speculators and gamblers

Image copyright PA Labour leader Jeremy Corbyn has hit back at investment bank Morgan Stanley, telling the company it was right to regard him as a threat. His comments came after the bank said in a report earlier this week that the risks of an incoming Labour government could be “as significant as Brexit”. On […]

Bitcoin slides amid rollercoaster ride

Bitcoin slides amid rollercoaster ride

Image copyright Getty Images The price of digital currency Bitcoin has fallen sharply in a period of wild trading since it passed the $11,000 mark a day ago. Bitcoin is now around $9,600, down about 16% from the record $11,434 (£8,500) it hit on Wednesday. The digital currency is used by some people to pay […]

Kellogg’s to cut sugar in kids’ cereals by up to 40%

Kellogg’s to cut sugar in kids’ cereals by up to 40%

Cereals giant Kellogg’s is to cut the amount of sugar in its three top selling children’s cereals by between 20% and 40% by the middle of next year. The lines are Coco Pops, Rice Krispies, and Rice Krispies Multi-Grain Shapes. Kellog’s also says it will stop selling Ricicles and end on-pack promotions aimed at children […]

BBC Panorama: The fraud costing the UK £1bn a year

BBC Panorama: The fraud costing the UK £1bn a year

Image caption Panorama presenter Richard Bilton set up Bilton’s Bargains to show how VAT fraud works A BBC Panorama team has smuggled goods into Britain and then sold them on eBay and Amazon to highlight a fraud costing the country a billion pounds a year. The undercover team imported goods from China and didn’t pay […]

Black Friday weekend: Online the winner in sales frenzy

Black Friday weekend: Online the winner in sales frenzy

Image caption High streets and shopping centres saw fewer people this Black Friday weekend as shoppers went online instead If you thought the shops were looking quiet last Friday then you were right. A whopping £1.4bn was spent on online sales in the UK on Black Friday – up some 11.7% on last year, according […]

Citizens Advice warns about subscription contracts

Citizens Advice warns about subscription contracts

Image copyright Thinkstock Many consumers still struggle to get out of unwanted subscriptions such as gym memberships and online streaming services, according to Citizens Advice. Analysis of almost 600 problems reported to the service found that in just three months consumers paid an average of £160 on unwanted services. Sometimes, consumers misunderstood terms and conditions, […]

Black Friday is ‘bonkers’ for retailers

Black Friday is ‘bonkers’ for retailers

Image copyright Press Association Wallets will be feeling a bit lighter this weekend as shoppers turn out in search of a bargain ahead of Christmas. It’s estimated that £10bn could be spent in the UK over the Black Friday period, £2.5bn in a single day. There’s something about the idea of Black Friday, like firing […]

Budget 2017: UK growth forecast cut sharply

Budget 2017: UK growth forecast cut sharply

Image copyright Getty Images Growth forecasts for the UK economy have been cut sharply following changes to estimates of productivity and business investment. The Office for Budget Responsibility (OBR) now expects the economy to grow by 1.5% this year, down from the estimate of 2% it made in March. Growth, it says, will drop to […]