Weekly Digest – 31 May 2023

Weekly Digest – 31 May 2023

Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy.

E2E 100: It’s time we start shouting about Brand Britain

India and the UK have signed a trade agreement to allow the UK to export food products to India. This will benefit both countries, as it will open up new markets for UK businesses and provide Indian consumers with access to a wider range of food products.

Cryptocurrency Payment Methods in Online Casinos: Benefits and Considerations

Cryptocurrency payment methods are becoming increasingly popular in online casinos. Benefits include faster transactions, lower fees, and increased security. However, there are also considerations such as the volatility of cryptocurrency and the lack of regulation.

Billionaire Elon Musk would ‘strongly consider’ North East for next Tesla gigafactory

Elon Musk, the billionaire entrepreneur, has expressed his support for the UK’s manufacturing industry, saying that it is “strongly underrated” and that it should be given more attention. He believes that the UK has the potential to become a leader in the industry, and that it should be given the resources to do so.

Plans For Price Caps On Food Have ‘No Element Of Compulsion’, Says Cabinet Minister

Cabinet Minister Michael Gove has stated that the government’s plans for price caps on food will not be compulsory, but will instead be voluntary for supermarkets to implement. He believes that this will help to reduce food prices and make them more affordable for consumers.

Airships are back to clean up aviation. Will they take off?

Airships are making a comeback as a form of transportation, promising to be a much cleaner alternative to traditional aviation. They are powered by renewable energy sources, such as solar and hydrogen, and are much quieter and more efficient than traditional aircraft. Airships could revolutionize the way we travel, reducing our carbon footprint and helping to protect the environment.

Energy bills: Britons owed nearly £7 Billion in money by suppliers

Energy bills are set to increase due to supplier credit, with the average household expected to pay an extra £117 a year. This is due to the government’s decision to raise the cap on supplier credit, which is the amount suppliers can add to bills to cover the cost of energy.

UK to boost tech and innovation ties with India

The UK government has announced plans to strengthen ties with India in the areas of technology and innovation. This includes a new £120 million joint fund to support research and development, and a new UK-India Tech Partnership to promote collaboration between the two countries.

Government explores options to attract pension fund investment for UK projects

The UK government is exploring ways to attract pension fund investment for UK projects. This could involve changes to the tax system, such as tax relief for pension funds investing in infrastructure projects, or the creation of a new infrastructure investment vehicle. The aim is to increase the amount of long-term investment in the UK.

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