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UK needs to tackle ‘unaffordable’ benefits system, says employment minister

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK cannot afford the amount of public money being spent on health-related benefits, the employment minister has said, vowing to reform a system that leaves people “on the scrapheap”. Alison McGovern signalled the government … Read more

Shein hit with consumer protection action in EU as bloc unboxes strategy to tackle low-cost ecommerce risks

Chinese ecommerce and fast fashion giant Shein is facing fresh scrutiny in the European Union in relation to consumer protection rules following the launch of a coordinated action by the bloc’s Consumer Protection Cooperation Network (CPCN). The action is being conducted with reference to the EU’s Unfair Commercial Practices Directive, Consumer Rights Directive, Unfair Contracts … Read more

Donald Trump promised to tackle cost-of-living crisis—now he’s risking inflation by demanding interest rates drop ‘immediately’

Progress reducing the rise in consumer prices has stalled, with recent data coming in hotter than expected. By pressuring the Federal Reserve, Trump could reignite inflation. Read More

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