UK facing income squeeze and rising destitution; ‘Britcoin’ consultation launched; Tesla shares slide – as it happened
by Graeme Wearden from on (#5RP6D)
Rolling coverage of the latest economic and financial news
- Latest: Consultation on UK central bank digital currency next year
- NIESR says household incomes face painful squeeze and destitution
- Tesla shares slide again
- UK grocery inflation hits 14-month high, as Christmas spending starts early
- Primark announces expansion plans... and sees supply chain issues
- Federal Reserve worried that prices of risky assets keep rising
Associated British Foods also points out that Brexit has exacerbated" the shortage of lorry drivers in the UK, which is one cause of supply chain problems.
In today's annual results, it says:
Our businesses are reliant on the availability of skilled HGV drivers.
Whilst there is currently a shortage of drivers in other parts of Europe, the USA and Australia, the situation has been exacerbated in the UK as a result of the EU exit. We continue to work closely with our major carriers and logistics partners to minimise supply chain disruption.
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