John Lewis has warned of a "significant" impact from a no-deal Brexit as the department store chain swung to a £26m half-year loss.
The retailer said its own preparations for a disporderly departure from the EU next month would not be able to fully offset the anticipated disruption.
Last night the government released the Operation Yellowhammer document which confirmed ministers are planning for the possibility of a no-deel Brexit causing two-and-a-half day delays at Channel ports, food price hikes affecting vulnerable people, public disorder and disruption to medicine supplies.
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Regulate 'loot boxes' in computer games under gambling law say MPs
Loot boxes in video games should be regulated under gambling law and be banned from being sold to children, MPs have argued.
The feature appears in some games as packs of virtual objects players can buy using real money, but the contents of a pack are randomised and not known until after purchase, which has led to fears that it could act as a gateway to gambling for young people.
It is thought to be an integral money-maker for major games companies, generating billions in revenue.
A report published by the Department for Digital, Culture, Media & Sport committee (DCMS) outlines a number of key recommendations for the Government to deal with the issue, and calls on game makers to accept responsibility for addictive gaming disorders.
Press Association
Falling sales and surging costs plunged John Lewis into a £25.9m loss in the first half of its financial year and the company warned that Brexit will continue to hold buyers back.
If Britain leaves the EU without a deal, the impact will be even larger and the retailer will not be able to mitigate it, despite preparations such as stockpiling, John Lewis said on Thursday.
“Brexit continues to weigh on consumer sentiment at a crucial time for the sector as we enter the peak trading period,” the company said, noting that it tends to make the majority of its profits in the second half of the year.
The ECB will struggle to get to 2%, even in the best of times. In short; the ECB is now going all in on achieving what we think is a structurally unattainable inflation target. That is a recipe for more or less permanently negative rates, and potentially even QE in the Eurozone, at least within any reasonable forecast horizon. We can’t wait for Mr. Trump’s reaction to that!
"There are arguments for the ECB to hold back some of its ammunition. The current growth slowdown is focussed in the manufacturing sector, particularly in Germany, and there are as yet few signs of the slowdown hitting consumers. "
Weekends in Britain would by now be starting at lunchtime on Friday and in 20 years we would not work on Fridays at all were it not for the decline of trade unions in the 1980s, new research suggests.
Between the end of World War II and the 1970s, a steady increase in productivity was rewarded with equally consistent rises in both earnings and leisure time, the New Economics Foundation (NEF) found.
But from around 1980 onwards, the decline in working hours slowed to a crawl, with no compensation through faster wage rises – even though productivity kept on growing apace until the 2008 financial crisis.
Here's the full story:
UK working hours would be shorter if pre-1980 trend had not been derailed, new study says
Weekends in Britain would by now be starting at lunchtime on Friday and in 20 years we would not work on Fridays at all were it not for the decline of trade unions in the 1980s, new research suggests.
Between the end of World War II and the 1970s, a steady increase in productivity was rewarded with equally consistent rises in both earnings and leisure time, the New Economics Foundation (NEF) found.
But from around 1980 onwards, the decline in working hours slowed to a crawl, with no compensation through faster wage rises – even though productivity kept on growing apace until the 2008 financial crisis.
Here's the full story:
UK working hours would be shorter if pre-1980 trend had not been derailed, new study says
