Thursday newspaper round-up: Crypto firms, jobs market, John Lewis
By Michele Maatouk
Date: Thursday 08 Jun 2023
(Sharecast News) - Crypto firms must warn customers they should not expect protection if their investment goes wrong and introduce a "cooling off" period for first-time investors, under new rules imposed by the UK financial watchdog. The Financial Conduct Authority said that from 8 October firms promoting crypto products or services would need to carry a clear risk warning in their adverts. - Guardian
Sadiq Khan has vowed to block plans to house hundreds of asylum seekers on a barge on the docks next to London City Airport's runway. The London mayor and Metropolitan Police are understood to be among a coalition of public and private sector organisations opposing the Home Secretary's plans on safety grounds, The Telegraph can disclose. - Telegraph
High taxes are deterring Britain from working, the boss of one of the UK's biggest recruitment agencies has said. James Reed, the chairman of Reed, said Jeremy Hunt should cut taxes to encourage more people back to the labour market following an exodus of workers during the pandemic. - Telegraph
The UK's red-hot labour market is showing signs of cooling, with falling vacancies and higher availability of candidates reported last month. A closely watched survey of the jobs market, carried out for KPMG and the Recruitment and Employment Confederation, found that wage inflation slowed and there was a drop in permanent staff employment in May. - The Times
Dame Sharon White has pledged to get the John Lewis Partnership back to "sustainable" profit before 2026, although this may require outside investment. White said that she had "a clear plan" for the partnership, which reported a loss of £234 million and scrapped its annual bonus this year. The five-year plan aims for "a broadly based business with brilliant retail at the core, built on excellent customer service, quality and ethics", she said. - The Times
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