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Thursday newspaper round-up: Furlough, Pret a Manger, PwC

(Sharecast News) - The TUC is urging the government to abandon plans to scrap the furlough scheme at the end of next month and instead build on the wage subsidy experiment to create a permanent short-time working scheme. Plans drawn up by the TUC would protect workers against recessions, a new wave of the pandemic or the transition to a green economy by having 80% of their wages guaranteed by the state. - Guardian Pret a Manger staff are considering strike action after the coffee shop chain told them it was permanently cutting pay despite the easing of trading restrictions. The workers, the vast majority of whom earn basic pay of the legal minimum £8.91 an hour, were told they would temporarily not be paid for breaks and a service bonus would be ditched in July last year after the pandemic hit. - Guardian

Travel Covid test costs should be capped at £40, MPs have told the Government amid a growing Tory backlash against the charges. Senior Conservative MPs are calling on Sajid Javid, the Health Secretary, to take immediate action to end "rip-off" prices of PCR tests that still average £75 per person and risk turning foreign holidays into the "preserve only of the wealthy". - Telegraph

The boss of PwC has said employers have a responsibility to get their staff back into offices as the professional services firm reported a record annual profit of almost £1.2 billion during a year in which its employees have mostly been working from home. Kevin Ellis, chairman of PwC in Britain, where the company employs 22,000 people, said: "There's an economic need for me to encourage my people to work from the office for two or three days a week. - The Times

Regions in Britain with a flourishing tourism industry have already regained the losses their labour market suffered from the Covid-19 crisis, but big cities including London are still struggling, a new report suggests. Although the jobs market has been resilient to the economic downturn thanks in part to large fiscal support, some parts of the country have suffered more acutely than others. The Resolution Foundation think tank said that areas with high average salaries, typically in London, had been at the sharp end of the downturn. - The Times

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(Sharecast News) - The Post Office is expected to announce the closure of dozens of branches and cut up to 1,000 head office jobs as it seeks to reduce costs to secure its financial future. There are about 11,500 Post Office branches across the UK, of which 115 are wholly centrally owned. The rest are operated by independent post office operators under contract and partners such as WH Smith and Tesco. - Guardian
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(Sharecast News) - Social media platform Bluesky has picked up more than 700,000 new users in the week since the US election, as users seek to escape misinformation and offensive posts on X. The influx, largely from North America and the UK, has helped Bluesky reach 14.5 million users worldwide, up from 9 million in September, the company said. - Guardian
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(Sharecast News) - Great Britain "lags behind" Europe on measures to restrict betting adverts, according to a report released days after official data showed a sharp increase in the number of children with a gambling problem. Restrictions on ads by bookmakers and casinos are increasingly becoming "the norm" across Europe in response to public health concerns, according to a report commissioned by GambleAware, the UK's leading gambling charity. - Guardian
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(Sharecast News) - Dozens of health and children's groups have urged ministers to tackle obesity by imposing taxes on foods containing too much salt or sugar. New levies based on the sugar tax on soft drinks would make it easier for consumers to eat more healthily by forcing food manufacturers to reformulate their products, they claim. - Guardian

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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