Friday newspaper round-up: Pint prices, Nissan, SpaceX
By Michele Maatouk
Date: Friday 17 Jan 2025
(Sharecast News) - Rachel Reeves's tax raid on employers will push up the price of a pint, the boss of pub chain Young's has warned. Simon Dodd, the chief executive, said Young's plans to increase prices between 3pc and 3.5pc because of the increased cost of National Insurance (NI) contributions paid by employers, which comes into effect from April. - Telegraph
Nissan is to open a £50m factory making transmissions for its electric cars at a site previously used as a Nightingale hospital during Covid. A 140,000sq ft facility next to the carmaker's sprawling Sunderland plant will produce transmissions for three models as Nissan seeks to boost electric vehicle (EV) production and fend off competition from Chinese rivals. - Telegraph
Millions of consumers will be protected from "nasty surprises" from Friday as new rules take effect that mean telecoms firms must tell people upfront - in "pounds and pence" - about any future price rises. It means mobile phone, broadband and pay-TV companies are now banned from imposing mid-contract price increases linked to unknown future rates of inflation. - Guardian
SpaceX launched its Starship rocket on its latest test flight Thursday, but the spacecraft was destroyed following a thrilling booster catch back at the pad. Elon Musk's company said the spacecraft's six engines appeared to shut down one by one, with contact lost just 8min 30sec into the flight. - Guardian
Trade conflicts threaten to strengthen inflation and keep interest rates high this year while stalling growth among the world's poorest nations will hamper efforts to reduce poverty, World Bank researchers have said. Global economic growth has slowed to such an extent that it "will be insufficient to foster sustained economic development" in the coming decades, the World Bank warned in its latest forecasts. - The Times
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