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Reselling tickets above face value set to be banned by government
Getty Images Reselling tickets to live events for a profit is set to be banned by the government. Ministers are expected to announce the plan in a bid to tackle touts and resale sites which offer tickets at several times’ face value. Restricting ticket touts was one of the Labour government’s election pledges, as fans…
UK unemployment rate rises to 5% as jobs market weakens
Michael Sheils McNameeBusiness reporter Reuters The rate of UK unemployment has risen to 5% in the three months to September, showing signs the jobs market has weakened, according to new official figures. It is the highest rate since the period covering December 2020 to February 2021, according to the Office for National Statistics (ONS) –…
G7 stands ready to release emergency oil reserves
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. G7 finance ministers said they would take the “necessary measures” to tackle the surge in oil prices but stopped short of agreeing on a release of strategic petroleum reserves after an emergency meeting on Monday. In…
Spains commitment to renewable energy may be in doubt
Guy HedgecoeAragón, north-eastern Spain Juan Antonio Domínguez Spain gets more than half of its electricity from wind and solar On the edge of the sleepy town of Figueruelas, a single, vast wind turbine spins around, casting its shadow over the buildings nearby. It’s a reminder of the importance of renewable electricity in this windswept area…
