News
An endless sight of empty shelves to be stark reality for UK consumers
Brexit, COVID-19 and labour shortfall are among many factors contributing to food shortages across the European nation.
Food and drink shortages in the United Kingdom (UK) caused by Brexit and the pandemic could become permanent as the British government moves to further delay the introduction of import checks.
Prime Minister Boris Johnson was planning to introduce checks on European imports following the conclusion of the Brexit transition.
But Brexit Minister David Frost says checks on imported consumable products will be halted by another six months, and will now commence in July 2022.
There was also a requirement to notify border officials of any incoming food products arriving in the UK from Europe, which will also be delayed until January.
The new measures were initially postponed last year as the Covid pandemic took hold of the world, in a bid to avoid British citizens from going without food and other vital supplies.
A bid to fill empty shelves
This latest delay comes as shelves throughout the UK remain empty with supermarkets struggling to keep their shelves fully stocked.
A lack in delivery drivers is also a key contributor, with demand for products outweighing the number of lorry drivers available.
Henry Bloxham of Moors Covert Farm told the BBC that he was asked to dump his milk as it couldn’t be collected due to a shortage of drivers.
“Our costs are rising all the time and I’m just envisioning this winter is going to be very expensive,” Bloxham says.
“Unless we get more price increases going forward into the winter, there will not be milk on the shelves.”
The UK needs an extra 100,000 truck drivers to accomodate for the shortage of food transportation, according to the Road Haulage Association.
In addition, the industry is calling for the government to respond to labour shortages in order to boost their recovery.
“Labour shortages are biting right across the economy,” said CIB director-general Tony Danker.
“These shortages are already affecting business operations and will have a negative impact on the UK’s economic recovery.”
Europe is the most important source of food for Britons, accounting for 30 percent of the country’s total supply.
Crypto
Crypto crash alert: Bitcoin and Ethereum plunge amid market turmoil
Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.
Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.
The crypto market is facing a sharp downturn as Bitcoin and Ethereum see significant losses, sparking concerns among investors. Analysts warn of continued volatility but remain cautiously optimistic about a rebound by 2026–2027.
We sit down with Oz Sultan from Sultan Interactive Group to break down what’s driving this market shake-up. From $608 million in liquidations to the impact on overall market sentiment, we explore what this means for both short-term traders and long-term investors.
Get insights on Bitcoin’s long-term targets, potential recovery trends, and what historical data suggests for the future of cryptocurrency.
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News
Airbus hit by new A320 fuselage panel defect triggering share price drop
Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.
Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.
Airbus is confronting a fresh manufacturing issue after discovering a quality defect in several dozen fuselage panels used on A320-family jets. The revelation sparked investor concern, with shares falling by up to 10% as the news broke.
While the newly identified flaw has caused some delivery delays, Airbus confirms that aircraft already in service are safe and unaffected. The defect is limited to a specific batch of panels, and all new production now meets required standards.
The company has apologised for the disruption and says it is working closely with suppliers to prevent a repeat of the issue.
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#Airbus #A320neo #AviationIndustry #Manufacturing #AviationSafety #StockMarket #Aerospace #TickerNews
News
Bitcoin tanks as markets turn risk-off and tech stocks slide
Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.
Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.
Bitcoin has suffered a sharp decline, falling more than 7% and slipping to $84,555 — its lowest point in over a week. After a brutal November where BTC shed more than $18,000, its biggest dollar drop since mid-2021, investor confidence is wavering. Analysts say multiple pressures, including negative ratings for major stablecoins, are amplifying bearish sentiment across the market.
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#Bitcoin #CryptoNews #Markets #TechStocks #Investing #Blockchain #FinancialNews #TickerNews
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