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Bitesize Blighty: August 25, 2017

Immy Ransom,  Ligia Vela-Reid

Bitesize Blighty

  • The British Chambers of Commerce (BCC) reported that four out of five UK businesses have seen costs rise because of changes in employment legislation in the UK, including a higher minimum wage, pensions auto-enrollment and the apprenticeship levy. One of the survey findings indicates that 75% of respondents report an increase in costs as a result of pensions auto-enrolment specifically and 50% of businesses report an increase in costs due to the National Living Wage.  Although minimum wage has been increased, wage growth remains low in the UK.
  • In very British news, a British Airways passenger went to the press outraged after being charged double for a stronger cup of tea on board a flight. The extensive comments from a BA spokesperson are quite amusing from a communications standpoint, with quotes like “as a British airline we understand how important the perfect cup of tea is” so we recommend reading. To note, this isn’t the first time a piping hot tea scandal has hit BA…
  • Yuppie mecca Whole Foods has rattled Britain's food retailers after Amazon announced price cuts coming into effect as early as next week. The move to slash the prices of grocery staples like organic bananas, salmon, eggs, minced beef, kale, apples and almond butter [I guess these are staples now] has caused investors in British food retailers to take fright that Amazon's efforts could erode supermarkets profits further, when they are only just recovering from a brutal price war.

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