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OBR chair Richard Hughes resigns over Budget day publishing error
Posted onArchie Mitchelland Rachel Clun,Business reporters BBC/House of Commons Richard Hughes said he took “full responsibility” for the shortcomings identified in the report; Rachel Reeves thanked him for his service The chairman of the Office for Budget Responsibility (OBR) has resigned following the Budget day error which saw a key document published early. Richard Hughes said…
Ryanair scraps printed boarding passes to go fully digital
Posted onMichael Sheils McNameeBusiness reporter Getty Images Passengers who present printed boarding passes at airports will no longer be accepted to fly with Ryanair, the company has announced. One of Europe’s biggest budget airlines said it was “moving to 100% digital boarding passes” from Wednesday in a bid to speed up travel and lower costs. It…
ITV in talks to sell television business to Sky
Posted onFaarea MasudBusiness reporter Getty Images ITV has said it is in “preliminary” discussions to sell its television business to Sky for £1.6bn. The talks focus on ITV’s Media and Entertainment division, which include its TV channels as well as its streaming service, ITV X. The discussions with Sky, which is owned by US-based Comcast, come…
Nike, Superdry and Lacoste ads banned over green claims
Posted onArchie MitchellBusiness reporter Reuters Adverts for Nike, Superdry and Lacoste have been banned for making misleading claims about their green credentials. The UK’s advertising watchdog challenged the brands over the use of the word “sustainable” in paid-for Google ads which were not backed up by evidence of their sustainability. The Advertising Standards Authority (ASA) identified…
Covid fraud and error cost taxpayers £10.9bn, report will say
Posted onJosh MartinBusiness reporter Getty Images The report will look at Covid-era programmes like Eat Out to Help Out, which subsidised hospitality bills Covid-19 support programmes cost taxpayers nearly £11bn through fraud and error, a report will say. The Covid Counter Fraud Commissioner Tom Hayhoe will say fraudsters exploited a “golden opportunity” when he shares his…
