All the updated news related to business and trade committee

All the news related to business and trade committee updated in real time

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City

Sainsbury’s cuts prices on essentials amid pressure to pass on lower costs

Sainsbury’s has unveiled £15 million of price cuts across cupboard essentials such as rice and pasta in the latest move to pass on lower wholesale costs to shoppers. The UK’s second largest supermarket chain will roll out the reductions on the ...

26 Jun 2023 at 13:35

Horizon victims ‘dying’ waiting for redress ‘bogged down’ in delays – Alan Bates

The former subpostmaster who has led the campaign for justice in the Horizon scandal has criticised the “madness” of delays in compensation, saying people are “dying” waiting for payments. Alan Bates appeared before the Commons’ Business and ...

16 Jan 2024 at 14:17

‘Moral obligation’ to contribute to Horizon scandal redress, says Fujitsu boss

The boss of Fujitsu has apologised to subpostmasters and said there is a “moral obligation” for the technology giant to contribute to the compensation. Fujitsu Europe director Paul Patterson faced a grilling by MPs on Tuesday alongside Post ...

16 Jan 2024 at 16:30

MPs call for Post Office removal from Horizon IT scandal compensation schemes

MPs have called for the Post Office to be removed from compensation schemes linked to the Horizon IT scandal. The Business and Trade Committee issued a report on Thursday that said the company is “not fit for purpose to administer any of ...

07 Mar 2024 at 11:16

City

‘Of course I am sorry’, former Wilko boss tells MPs

The former chairwoman of Wilko has apologised to the thousands of people who lost their jobs when the retailer went bust. Speaking to MPs on the Business and Trade Committee, Lisa Wilkinson also said former prime minister Liz Truss’s ...

28 Nov 2023 at 13:40

City

Wilko bosses to be questioned by MPs following company’s collapse

The bosses of Wilko will appear before MPs next week to explain the shortfall in the company’s pension fund and why its owners were taking money out of the debt-laden company. MPs on the Business and Trade Committee said they would ...

23 Nov 2023 at 14:39

MPs ask for data on how foreign states are abusing Companies House

The Government has been asked to set out how it is tackling the use by Iran and other state actors of UK-registered companies to avoid sanctions. The head of the Business and Trade Committee said that foreign powers are abusing ...

07 Feb 2024 at 18:16

City

Post Office boss expects sub-postmaster compensation scheme to conclude soon

The boss of the Post Office has said he expects its compensation scheme for sub-postmasters affected by the Horizon IT scandal to “conclude” very soon as he supported the level of pay-outs for victims. Errors made by Horizon ...

20 Jun 2023 at 13:46

Downing Street declines to commit to Sir Alan Bates’s redress payment deadline

The Prime Minister has responded to Sir Alan Bates’s requests for help with settling redress claims for those affected by the Horizon scandal, but Downing Street declined to commit to the campaigner’s suggested payment ...

05 Nov 2024 at 18:01

PM yet to respond to requests for Horizon redress assistance from Sir Alan Bates

Sir Alan Bates has told MPs that the Prime Minister has not yet responded to his requests for help with settling redress claims for those affected by the Horizon scandal. The lead campaigner and former subpostmaster ...

05 Nov 2024 at 16:10

City

McDonald’s boss says 29 workers fired over sexual harassment claims

The UK boss of McDonald’s has said fresh sexual harassment allegations from staff at the fast food giant are “abhorrent” and that 29 workers have been fired. However, Alistair Macrow, chief executive of McDonald’s ...

08 Jan 2025 at 14:17

City

MPs ‘horrified’ after Shein dodges questions over forced labour

MPs were left “horrified” after a Shein lawyer refused to answer questions over the risk of forced labour in its cotton supply chain. Yinan Zhu, EMEA general counsel at Shein, appeared before the Business and ...

07 Jan 2025 at 17:42

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