Business

Cyber security is more important than ever and is the main tool that protects individuals, businesses, organizations, and governments from a broad range of digital threats, cyberattacks, financial losses, and data breaches.

Companies employ a range of highly sophisticated cybersecurity systems to safeguard sensitive information, run their day-to-day operations, and foster trust between them and their customers.

The question being asked here is, do companies invest enough in cyber security? Let’s dive straight in to find out.

Do companies invest enough in cyber security?

According to recent reports, and despite challenging economic times, companies have increased how much they typically spend each year on cyber security measures to protect their customers. However, other reports suggest that some companies still aren’t spending enough.

Inadequate spending on cyber security measures can lead to vulnerabilities and potential data breaches, but the high cost of cyber security and the poor ROI (return on investment) makes it difficult for companies to justify spending more on cyber security, especially when prices for these services continue to rise, which puts customers at risk.

There is increased spending on cyber security, but experts say that it’s still not enough and that it could lead to a rise in the number of successful cyber attacks that are carried out. The number of cyber attacks in recent years highlights the need for companies to spend more on enhancing their robust cyber security measures.

What cybersecurity measures do companies use to protect people?

These days, many of the world’s most successful online businesses employ a range of cutting-edge cybersecurity measures to enhance the protection of their customers. Take the iGaming industry, for example.

Today’s most successful online sports betting websites or online casinos with slots and other classic table & card games, the market-leading operators use various cutting-edge technologies to enhance the protection of their registered members.

Here are several ways the iGaming industry’s most reputable companies protect users:

iGaming websites are protected by 128-bit or higher SSL (Secure Socket Layer) and TLS (Transport Layer Security) cryptographic encryption technology, preventing cybercriminals from obtaining your PII (personally identifiable information), preferred online payment method details, transactions, money, and other sensitive information
Today’s most trusted operators fully comply with local and international AML (Anti-Money Laundering) policies and have top-notch data protection and privacy policies in place. They are also transparent in their funding and day-to-day operations
They will only accept the most secure online payment processing gateways, such as Visa, PayPal, Trustly, Apple Pay, Paysafecard, and so on

They also have secure mobile applications and various other secure login features, such as 2FA (Two-Factor Authentication) and facial/voice/fingerprint recognition features.

Players can also switch on things like one-time passcodes when confirming deposits, and they are encouraged to create strong passwords with a mixture of letters, numbers, and symbols.

They also encourage users to switch on automatic software updates to ensure they always have the latest version, and they use firewalls to prevent a range of cyber threats. Artificial intelligence is also used in various ways to enhance our security and privacy.

Final thoughts

Although companies are spending more money on enhancing customer cyber security, it’s also important that you implement your own basic security measures.

For example, use anti-virus software to enhance your online protection, and, where possible, use VPNs (virtual private networks) to connect to the internet. Never save your login details (username and password) on any of your accounts, especially when using a shared device, and always be aware of scams.

Also, be careful when using public Wi-Fi and who you chat with online by never revealing too much information about yourself.

Finally, be cautious about links, attachments, files, and programs before clicking/tapping them to open them, and always make sure that anything you decide to open is from a legitimate/verified source.

Read more:
Do Companies Invest Enough in Cyber Security?

Building a cryptocurrency exchange website is no easy feat. Some people think it’s just about making a platform that allows users to trade digital currencies ASAP, but it’s not.

You need to build a secure, user-friendly and efficient system that can handle high traffic, complex transactions and ever-changing regulations.

With the rise in crypto adoption and the need for reliable trading platforms, there’s a growing demand for well-designed and secure crypto exchange websites. If you’re planning to build one, understanding the key steps in development is essential. Here’s a step-by-step guide to help you navigate the complexities of crypto exchange website development.

Step 1: Define the Type of Crypto Exchange You Want

Before diving into the technicalities, the first step is to define what kind of crypto exchange you want to create. There are several types of exchanges, each with its unique features and requirements:

Centralised Exchanges (CEX): These are platforms where users deposit their funds into the exchange’s wallet. The platform manages all transactions and security.
Decentralised Exchanges (DEX): These allow peer-to-peer trading without an intermediary. Users maintain control over their private keys and funds.
Hybrid Exchanges: These combine the features of both CEX and DEX to provide a balanced approach.

Understanding the type of exchange you want to create is crucial because it will dictate the technology stack, security protocols, and user experience (UX) design required for your platform.

Step 2: Focus on Website Development and User Experience

The design and functionality of your website are at the core of your crypto exchange’s success. A clean, intuitive user interface (UI) is key to retaining users and encouraging engagement. This is where specialised cryptocurrency website development comes in. A skilled development team will help you create a platform that is easy to navigate while maintaining all necessary trading features.

Keep these key UX considerations in mind, including the user registration process, trading dashboard design, speed optimisation, and mobile responsiveness. When you focus on usability, you ensure that both beginner and advanced traders can use your platform without frustration.

Step 3: Prioritise Security Features

Security is one of the most critical aspects of a cryptocurrency exchange. Because digital currencies are valuable, they attract hackers and malicious actors. In 2024 alone, at least $2.2 billion in crypto was stolen in hacks. For this reason, ensuring the security of user data and funds must be a top priority.

Cold storage, two-factor authentication (2FA), end-to-end encryption, and anti-fraud measures are some of the security features you should implement. Additionally, ensure your exchange complies with relevant regulations in the countries where you operate. Regulatory compliance can protect your platform from legal issues and help build user trust.

Step 4: Integrate Payment Gateways and Liquidity Solutions

For your crypto exchange to function properly, integrating payment gateways for fiat deposits and withdrawals is essential. This may involve partnerships with payment providers, such as banks or credit card companies.

Liquidity is also vital, as users need to be able to execute trades at their desired prices. You can achieve liquidity through market makers and cross-platform liquidity, which ensures that users always have a counterparty for their trades.

Offering seamless deposit/withdrawal options and maintaining high liquidity can significantly improve the user experience and attract traders.

Step 5: Ensure Regulatory Compliance and Legal Considerations

Cryptocurrency regulations vary from one jurisdiction to another, so it’s crucial to understand the legal requirements of the region where you operate. Regulatory bodies are becoming more stringent about anti-money laundering (AML) and know your customer (KYC) requirements for exchanges.

Implement KYC processes to verify the identity of your users and AML protocols to detect illegal activities. This may involve:

Collecting government-issued identification documents from users.
Cross-checking users’ data against global watchlists.
Implementing transaction monitoring systems to identify suspicious activities.

Failing to comply with regulations could lead to legal troubles, financial penalties, or even the shutdown of your platform, so make sure to consult with legal professionals during the development process.

Step 6: Testing, Launch, and Ongoing Maintenance

Once your platform is developed, it’s time for extensive testing to ensure everything functions as it should. This includes security testing to identify vulnerabilities, load testing to simulate high user traffic, and usability testing to ensure the platform is user-friendly. For example, over 53% of users will abandon a site if it takes longer than 3 seconds to load, which makes load testing critical for optimising performance. After successful testing, your exchange is ready for launch.

However, the work doesn’t stop at launch. Ongoing maintenance is critical. Regular updates and bug fixes help keep your platform secure and improve functionality. It’s essential to monitor your exchange for any potential issues, address them quickly, and continuously optimise performance.

Customer support is equally important. Providing timely assistance helps resolve issues and keeps users satisfied. Studies show that 75% of users would return to a platform if they receive prompt and helpful customer support. Additionally, regularly gathering user feedback allows you to improve your platform based on real user experiences, ensuring that your exchange stays competitive and user-friendly.

Conclusion

Creating a cryptocurrency exchange website involves a combination of strong development, strategic planning, and an ongoing commitment to security and user experience. From defining the exchange’s features to ensuring regulatory compliance, every step plays a role in ensuring your platform’s success.

When you focus on the key elements outlined above and invest in specialised crypto website development, you can create a platform that stands out in a competitive market. Your goal should be to build a secure, user-friendly, and scalable platform that meets the needs of both traders and investors, ensuring long-term success in the crypto world.

Read more:
Developing a Successful Crypto Exchange Website in 6 Steps

Sending a parcel from Poland to the UK used to be easy. Then came Brexit, customs declarations, new VAT rules, and suddenly… even sending grandma’s pickles became a logistical challenge.

But hundreds of thousands of Poles still live in the UK, and parcels still need to go back and forth – filled with gifts, clothes, electronics, or just a bit of home.

So what’s the easiest way to ship a parcel across the border today without losing your sanity or overpaying for basic delivery? Let’s break it down.

What usually goes wrong when sending a parcel Poland–UK

You’d think international delivery in 2025 would be seamless. But many still face the same frustrating issues:

Damaged or delayed parcels
Complicated customs paperwork
Tracking that disappears halfway through the journey
High prices from global courier giants
Poor customer service (especially for non-English speakers)

And let’s be honest – relying on Poczta Polska for international shipping? That can feel like playing roulette. You might win… but do you want to risk it?

Curious how that option stacks up? Check the full comparison here:
https://m3transport.pl/wysylka-paczki-do-anglii-poczta-polska/

M3 Transport – A courier company built around one route: Poland–UK

While big-name couriers try to serve every country in the world, M3 Transport has one specialty: shipping between Poland and the UK. That’s it. But they’ve mastered it.

Here’s what makes them stand out:

They’re a courier company dedicated only to this corridor
You fill out one simple order form – and M3 sends you a pre-filled customs declaration ready to print
No figuring out CN23 forms or digging into tariff codes
You just print it, stick it on the box, and wait for the driver to knock

It’s so simple you’ll wonder why no one else does it like this.

Learn more at https://m3transport.pl

How to send a parcel from Poland to the UK – step by step

The whole process is refreshingly straightforward:

Visit M3 Transport’s website and fill out the shipping form
You receive a ready-made customs declaration
You attach it to the parcel
A courier picks up the parcel directly from your home
Delivery takes 3–5 days, no surprises or mystery detours

No confusing app interfaces, no foreign call centres, and no wondering whether your parcel is in Berlin or Bratislava.

Step-by-step guide: https://m3transport.pl/jak-wyslac-paczke-do-anglii

What customers are saying about M3 Transport

Real users. Real reviews. Real results.

“Bardzo łatwe i przyjemne zamawianie paczek – zwłaszcza z opcją wydruku już wypełnionych formularzy celnych ułatwia to całą procedurę. Kurierzy zawsze dzwonią z informacją, gdy są niedaleko. Paczki przyjeżdżają o czasie i w dobrym stanie. Korzystam z tej firmy już kilka lat i nie mogę narzekać.”

“Wielokrotnie wysłałam paczki do Anglii za pośrednictwem M3 Transport. Wszystko przebiegło w porządku i bez niespodzianek. Paczki były dostarczane w całości i na czas. Polecam tego Pośrednika.”

“Wysłałem paczkę z Anglii do Polski (4 dni) oraz z Polski do Anglii również 4 dni. Firma rzetelna i uczciwa, wszystko można załatwić na telefon. Kurierzy profesjonalni i mili. Bardzo polecam!”

Editor’s note: Pre-filled customs forms? It’s like having someone do your homework – and still getting an A+.

Not just parcels – We help with full relocations to Poland

More and more Poles are returning home from the UK – whether it’s for family, lifestyle, or business. And when it comes to moving everything back, the logistics can be a nightmare.

That’s where M3 Transport comes in. They’ve grown into a go-to partner for:

Full-service international removals
Safe transport of furniture, electronics, household items
Step-by-step guidance, so you don’t miss anything important

From sofas to sentimental items – they handle it all. With increasing demand, they’re quickly becoming a leader in the UK–Poland relocation market.

Running a business? We’ll help you expand into UK–Poland trade

If you’re a business owner planning to expand into UK–Poland logistics, M3 Transport is more than just a courier – they’re a strategic partner.

They can help you:

Plan customs clearance processes and documentation
Optimize transport schedules and costs
Navigate post-Brexit import/export compliance
Scale delivery across both retail and B2B operations

Whether you’re shipping small batches or regular pallets, logistics should never be your bottleneck. Let M3 handle the transport, so you can focus on growth.

Ready to ship smarter?

Parcel delivery between Poland and the UK doesn’t have to be stressful, expensive, or confusing.

With M3 Transport, it’s just simple. And fast. And fairly priced.

Whether you’re sending gifts to family or managing shipments for your business – try M3 Transport and see how smooth cross-border delivery can be.

Main website: https://m3transport.pl
Step-by-step guide: https://m3transport.pl/jak-wyslac-paczke-do-anglii
Comparison with Poczta Polska: https://m3transport.pl/wysylka-paczki-do-anglii-poczta-polska/

Read more:
How to send parcels from Poland to the UK in 2025 – Without headaches or hidden costs

Lieutenant Jeb Bozarth never planned on becoming a business owner. His career began in military combat zones and ended in police command.

Today, he runs a training company that teaches civilians and first responders how to stay alive during violent incidents. His journey from Seabee to SWAT commander to CEO is a story of duty, discipline, and doing the hard work to make others safer.

“I’ve been in high-risk situations my whole life,” Bozarth says. “Now I help others prepare for the worst so they can make it out alive.”

Military Roots and a Life of Service

Bozarth grew up in a military family, which shaped his sense of purpose early on. After graduating from West Anchorage High School in 1989, he joined the Navy. He served 14 years as a Seabee Equipment Operator 1st Class, earning the Seabee Combat Warfare Specialist title. His deployments included Operation Southern Watch in the Persian Gulf, Restore Hope in Somalia, and Iraqi Freedom II and III in Iraq.

“These weren’t easy deployments,” he says. “But they taught me to stay calm under pressure.”

His military experience prepared him well for law enforcement. In 2006, he joined the City of Henderson Police Department in Nevada. Over the next two decades, he worked his way up the ranks from patrol officer to SWAT Commander.

Climbing the Ranks in Law Enforcement

Bozarth didn’t waste time. Early in his police career, he worked in Patrol, the Problem Solving Unit (P.S.U.), SWAT, and the Training Bureau. In 2018, he was promoted to Sergeant, where he supervised patrol squads. Later, he became a Lieutenant and took over as the SWAT Commander and K9 Unit lead.

He also became a certified instructor in multiple areas: FBI/NRA firearms, defensive tactics, driving, Simunitions, and incident command.

“Training isn’t about checking boxes. It’s about survival,” he says. “When bullets fly, people fall back on what they practiced.”

His peers recognized his leadership. In 2009, Bozarth received the Henderson Police Department’s Medal of Valor. In 2023, he was named Supervisor of the Year. He also earned the Route 91 Responder Medal and the UNLV Active Assailant Responder Medal for his service during major incidents.

Launching Critical Training Solution LLC

Bozarth retired in 2025, but he didn’t slow down. He founded Critical Training Solution LLC, a private company that delivers safety and preparedness training across the country. The business offers Run-Hide-Fight seminars, pre-attack indicator training, and mindset coaching.

“My goal was to build a company that provides real-world, proven training,” he says. “Not theory—what works when things go sideways.”

His clients include Touro University, Adelson Educational Campus, TAO Nightclub, and the Las Vegas Convention and Visitors Authority. He also works with fire departments and police agencies across the southwest.

One key to his success is that he teaches from experience. “People listen when you’ve been there,” he says. “I’ve lived through the scenarios I talk about in class.”

What Sets Him Apart in a Crowded Industry

In a field full of YouTube experts and textbook trainers, Bozarth brings credibility. He holds a Nevada Advanced POST Certificate and earned a B.S. in Criminal Justice from Columbia Southern University. He also graduated from the Northwestern Police and Command School.

But his edge goes deeper. “I’ve done real-world rescues under fire,” he says. “I’ve had to make decisions that meant life or death. That’s not something you forget.”

Bozarth blends tactical knowledge with a clear, direct teaching style. He doesn’t sell fear. He teaches preparation. His reputation has grown through word-of-mouth, not ads.

“I don’t care about being famous,” he says. “I care that someone who took my class knew what to do when a shooter walked in.”

Balancing Business, Family, and Faith

Bozarth lives in Henderson, Nevada, with his wife Erica, a graduate of the University of California San Francisco. They have five children. When he’s not training clients, he’s working cattle, golfing, hunting, or barbecuing. He’s also active in his church, Saint Francis of Assisi Catholic Church.

He’s a proud fan of the Vegas Golden Knights, too. “I’m not saying I cried when we won the Stanley Cup, but… I did,” he jokes.

Family, faith, and community keep him grounded. He supports causes like the Wounded Warrior Project, DAV, NRA, and the National Charity League. “Service didn’t end with the uniform,” he says.

A Final Word on Leadership and Legacy

When asked what advice he has for younger officers or aspiring trainers, Lieutenant Jeb Bozarth keeps it simple.

“Don’t fake it. Do the job. Learn. Train. Lead by example,” he says. “Your actions matter more than your words.”

In a world where threats feel more common and safety more fragile, Bozarth has built a second career that saves lives.

He puts it best: “The goal is not to scare people—it’s to give them the tools to survive. That’s the legacy I want.”

Read more:
Jeb Bozarth: From SWAT Commander to Safety Educator

Poundland is battling to keep shelves stocked after major consumer goods suppliers including Nestlé and Procter & Gamble reportedly tightened credit terms in response to mounting concerns over the retailer’s financial stability.

The high street discount chain, which operates about 800 stores and employs 16,000 staff across the UK and Ireland, was sold last month for just £1 to Boston-based restructuring specialist Gordon Brothers. The deal marked the end of Pepco Group’s ownership, which had held Poundland since 2016.

Following the sale, Gordon Brothers unveiled a proposed recovery plan that includes closing 68 stores and slashing rents on dozens more. That announcement has triggered alarm among key suppliers, with several reportedly reducing payment windows or restricting credit entirely – a move that is already being felt in stores.

Products from consumer goods giants such as Procter & Gamble, including Oral-B, Febreze, and Always, are now harder to find in Poundland stores, particularly in London. Meanwhile, Nestlé confectionery, including chocolate bars and multi-packs, has become scarce in some branches, with staff confirming a slowdown in deliveries. Nestlé is understood to have cut back on credit lines, while P&G has shortened its payment deadlines.

Although Unilever has not formally changed its payment terms, some of its products – including Cif cleaning sprays and Dove personal care lines – were either limited or missing entirely in several shops this week.

Supply chain experts say that when companies enter financial distress or restructuring, suppliers often respond by tightening credit or demanding upfront payments to protect themselves from potential losses. This can choke off stock flows and worsen the company’s liquidity, further complicating recovery efforts.

While trade creditors are not directly involved in the legal restructuring plan, Poundland is actively working to reassure suppliers. A meeting was held this week at its Walsall head office, where Gordon Brothers briefed vendors on their recovery strategy and timeline.

A spokesperson for Poundland said: “Our expectation is that any credit limitations for suppliers will unwind in time after we have the opportunity to implement the restructuring and recovery plan we shared last month. We have been briefing suppliers this week about those plans and appreciate the support they’re providing.”

The restructuring plan is currently going through court approval, with a final ruling expected by the end of August. At a hearing earlier this week, a judge gave approval for the classification of creditor groups – a key step in the legal process.

While the company has insisted it remains committed to its recovery strategy, the pullback by key suppliers may add further strain as it tries to stabilise operations and reassure both investors and customers.

Industry insiders say restoring confidence will be critical – both on the shopfloor and among supply chain partners.

Unilever and Nestlé declined to comment on the changes, while Procter & Gamble did not respond to media enquiries.

Read more:
Poundland faces stock shortages as big brands tighten terms following £1 sale

Sandbanks, long considered Britain’s most exclusive coastal enclave, is facing a sharp slowdown in demand as punitive tax changes under both the Conservative and Labour governments send high-net-worth buyers fleeing to tax-friendlier destinations abroad.

The Dorset peninsula, which once topped global lists alongside Monaco and Palm Beach, is experiencing a marked dip in buyer interest – with properties stagnating on the market and developers pulling out, experts warn.

According to new analysis and agent testimony, local demand has plummeted since April, when local authorities gained powers to double council tax on second homes. The move was introduced under the 2023 Levelling Up and Regeneration Act by the previous Conservative government but has been backed and implemented by Keir Starmer’s administration. The Liberal Democrat-run Bournemouth, Christchurch and Poole Council, which oversees Sandbanks, is one of more than 200 to adopt the hike.

Lola May Massingham, CEO of Prime Coastal Property, said demand has fallen noticeably. “There’s a lot of property on the market and not enough buyers. Labour’s double rates are really not helping,” she said. “Buyers are nervous. There’s no good news coming from the government, so people are holding off — or looking to places like Dubai and Portugal instead.”

Average house prices in Sandbanks, where waterfront homes can fetch up to £8 million, are now down 3% compared with two years ago, according to a recent Lloyds report. The area, previously buoyed by the post-pandemic rush for second homes, is now struggling to maintain its elite cachet.

At the same time, Stamp Duty on second homes has soared to 17% for high-end properties — with an extra 2% surcharge for non-residents. In combination, these policies are pushing domestic and international buyers abroad.

Developer Richard Carr, who last year sold a Sandbanks plot for a record-breaking £16 million, has since closed his development business Fortitudo. “You just can’t sell anything without heavily discounting,” he said. “Labour’s double council tax rates have evaporated the second-home market. There’s no confidence, no light at the end of the tunnel. It was bad enough under the Conservatives — now it’s ridiculous.”

Poundland-style price cuts have become common. One four-bedroom home, two minutes from the beach, was recently reduced by £100,000 — now listed at £1.75 million.

The pandemic created a boom in UK second-home demand as wealthy buyers turned to domestic retreats. But as travel restrictions eased and global uncertainty remains, buyers are retreating – or diversifying abroad.

“During Covid we couldn’t imagine getting on a plane,” said property expert Jonathan Rolande. “But the rush is over. Why spend millions to chance bad weather in England when you can get more value — and sun — elsewhere?”

He warned that even ultra-luxury properties are no longer immune to broader market pressures, adding that high Stamp Duty rates – sometimes £300,000 or more – are deterring would-be investors.

“If it’s not selling in the height of summer, it’s only going to get worse in winter,” Rolande said. “We need interest rates to drop – you can’t have a strong property market in a weak economy.”

New tax rules mean councils can now impose a 100% premium on council tax bills for second homes. In Bournemouth, Christchurch and Poole, this affects over 4,900 second homes — including 158 in Band H, the highest value bracket.

Some owners may convert properties into furnished holiday lets, which are exempt if rented out for at least 20 weeks a year. But with bookings uncertain, many see this as a risky bet.

A spokesperson for the Ministry of Housing, Communities and Local Government said the change reflects a wider effort to tackle housing shortages in coastal areas:

“Having too many second homes in an area can exacerbate the housing crisis by driving up costs for local people. Councils can now act to protect their communities.”

Despite the gloom, some agents remain cautiously optimistic. “Although the market is not as strong, I’m positive things will pick up,” Massingham said.

But others point to a deeper structural shift. “This should be prime time,” said Rolande, “but it’s not. Price cuts are coming, and unless interest rates fall, a tough winter lies ahead.”

Read more:
Sandbanks bubble bursts as buyers flee Labour’s ‘tax bombs’ for sunnier shores

MPs have raised serious concerns that the UK could “compromise the integrity” of its financial markets by watering down listing rules to accommodate controversial fast-fashion giant Shein.

In a strongly worded letter to the Financial Conduct Authority (FCA), the cross-party Business and Trade Committee said it would be “deeply concerned” if UK disclosure standards were weakened in a bid to attract Shein’s long-anticipated London Stock Exchange (LSE) flotation.

The intervention follows reports that Shein, a Chinese-founded firm now headquartered in Singapore, has filed confidentially to list in Hong Kong, seen by some as a way to pressure UK regulators into approving a London IPO while sidestepping contentious risk disclosure requirements.

Committee chair Liam Byrne MP warned the FCA that any effort to ease disclosure rules—particularly around alleged human rights violations in Shein’s supply chain—would risk damaging investor confidence and the UK’s global reputation.

“This would not only compromise the integrity of the UK’s listing regime,” Byrne wrote, “but could also risk reputational damage to the UK’s financial markets and undermine investor confidence that the UK was determined to champion only the highest international labour standards.”

Shein has been eyeing a UK listing for over a year and is understood to have secured preliminary approval from the FCA in March. However, progress has reportedly stalled over disclosure language linked to concerns about labour practices in Shein’s Chinese supply chain — a red flag for many UK and international investors.

The Business and Trade Committee now wants the FCA to confirm:
• Whether disclosure risks relating to alleged labour violations are contributing to the delay;
• If the regulator has held discussions about altering disclosure language to facilitate Shein’s listing;
• And what measures the FCA is taking to “safeguard the robustness” of UK listing standards in this and similar cases.

The FCA has not yet responded to the letter publicly.

Shein, once a digital upstart, has become one of the world’s largest fashion retailers, selling cut-price garments direct from factories in China to shoppers in the UK, US and beyond. However, the company has faced mounting scrutiny over alleged forced labour links, particularly in the Xinjiang region — allegations the company denies.

Its attempts to list in both the US and UK have been dogged by political and regulatory resistance, with US lawmakers similarly pressing for greater scrutiny of its supply chains.

Reports that Shein is now pursuing a parallel listing in Hong Kong have been interpreted as a hedge — and a possible tactic to gain leverage in London.

A Shein IPO in London would be one of the largest in a decade and a potential coup for the City, which is battling to revitalise its capital markets following a wave of major companies shifting primary listings to New York.

The government has reportedly been supportive of Shein’s UK ambitions, seeing it as a flagship deal that could encourage more high-growth international businesses to choose London.

But MPs now warn that such a move cannot come at the cost of transparency or ethics.

“The UK cannot send mixed signals about our stance on international labour standards,” Byrne added. “Being open for business must not mean open to exploitation.”

The FCA has been asked to respond to the committee’s concerns and clarify its position on the Shein listing. The regulator’s approach to this case is likely to set a precedent for how the UK balances its ambition to attract global listings with upholding investor protections and ethical standards.

Read more:
MPs warn UK must not weaken listing rules for Shein amid human rights concerns

The High Court trial between PPE Medpro and the Department of Health and Social Care (DHSC) drew to a close on its twelfth day, as the defence delivered a final volley of arguments accusing the government of failing to mitigate its alleged losses, relying on “unevidenced” cost claims, and ultimately using PPE Medpro as a scapegoat for pandemic-era procurement mismanagement.

In his final remarks, Charles Samek KC, counsel for PPE Medpro, reinforced the core message of the defence: that the DHSC’s case amounts to little more than “buyer’s remorse” and that the department has not met the burden of proof required to justify its £122 million breach of contract claim.

“It would, we respectfully submit, be a mistake… to assume that the Department’s starting point and perspective is the right one,” Samek told Mrs Justice Cockerill, urging her to consider the context of the original contract: a global pandemic, not a post-hoc procurement audit.

Samek returned to a key point raised throughout the trial — that even if the gowns had been rejected, the DHSC failed to repurpose or resell them, despite expert evidence showing that market demand remained high well into 2021.

He referenced the testimony of Igor Popovic, PPE Medpro’s expert on valuation, who told the court that the gowns could have fetched up to £85 million on the non-sterile PPE market if the government had acted in time.

“There was good demand worldwide for gowns,” Samek said. “There was good prospect of a sale for the DHSC.”

Following this, PPE Medpro’s junior counsel Ashley Cukier addressed the government’s claim for storage costs, arguing that the figures had been presented late in the process and were based on incomplete and unreliable evidence.

“The only witness put forward by the Department on the question of storage costs was Mr Bates,” Cukier noted. “He fairly admitted he was not the author of the spreadsheet. He had no substantive involvement in the production of it.”

Cukier then highlighted the extraordinary inconsistencies in the spreadsheet relied upon by the DHSC, including unexplained drops in gown quantities from one week to the next — including reductions of 1 million and 4 million gowns.

“He was unable to give any cogent explanation,” Cukier said. “It is an unevidenced claim. It is a bad claim, and one we say should fail.”

He also reminded the court that the DHSC had already abandoned its original claim for disposal costs.

In summing up, Samek warned against the risk of favouring the government’s version of events simply because it comes with institutional authority. He stressed that the trial had shown Medpro’s actions were transparent and contractually compliant — and that the real issue lay with the DHSC’s own mismanagement.

“Both parties approach this case from completely different starting points. Our case starts with the actual circumstances that existed at the time of entering into the contract — which was the pandemic emergency,” he said.

After PPE Medpro concluded its closing argument, Paul Stanley KC, representing the DHSC, offered a brief oral reply, defending the government’s position.

With all evidence and submissions now complete, Mrs Justice Cockerill confirmed that her judgment will be handed down before October.

The outcome will not only determine the fate of this high-profile £122 million claim, but could also have significant ramifications for how pandemic-era procurement disputes are viewed — and whether private contractors can be held accountable for government decisions made under emergency conditions.

Read more:
PPE Medpro trial ends with defence accusing DHSC of ‘bad claim’ and pandemic scapegoating

The UK economy shrank for the second consecutive month in May, in an early setback for new Chancellor Rachel Reeves and a sign that the fragile recovery may be stalling.

According to figures released this morning by the Office for National Statistics (ONS), GDP contracted by 0.1% in May, falling short of analysts’ expectations for a modest rebound. This follows a sharper 0.3% drop in April and marks the second month of decline after a brief bounce of 0.4% in March.

The ONS said the decline in May was driven primarily by a 0.9% fall in industrial production and a 0.6% drop in construction output, although the dominant services sector managed slight growth of 0.1%.

The ONS noted:

Services output grew by 0.1% in May, following a 0.3% decline in April.
Production output – covering manufacturing and energy – dropped 0.9%, after falling 0.6% in April.
Construction output declined 0.6% in May, reversing gains made in April.

While all three sectors showed growth over the three months to May – led by a 1.2% rise in construction – the month-on-month picture paints a more concerning image of an economy struggling to build momentum.

The data comes just a week after Rachel Reeves pledged to deliver “stability and growth” through her new fiscal rules and a pro-business agenda. But with economic activity faltering, the Chancellor faces growing pressure to set out a clear strategy to boost investment and avoid further slowdowns.

Ben Jones, lead economist at the Confederation of British Industry (CBI), said today’s data highlights the risks still facing UK businesses “Flatlining growth in May underscores the ongoing pressures on the economy, with manufacturing and retail continuing to struggle. Persistent trade uncertainty, a cooling labour market and slowing income growth all point to a sluggish recovery.”

“With the Autumn Budget on the horizon, the Chancellor must reassure firms that there will be no new taxes on business—and instead focus on dismantling barriers to growth.”

Jones added that a “collaborative partnership between business and government” would be crucial to sustaining any meaningful recovery.

May’s contraction also reflects broader global headwinds. The IMF has downgraded its forecast for global growth, citing geopolitical risks and weaker trade flows, while central banks remain cautious about cutting interest rates too quickly.

UK inflation is now back at the Bank of England’s 2% target, but borrowing costs remain elevated and have weighed on household demand and business investment. Analysts warn that without targeted support, the economy may struggle to generate the kind of momentum needed to lift living standards and unlock productivity gains.

Economists say the risk of stagnation over the summer remains high, particularly if global demand weakens further or consumer confidence slips. However, some note that the longer-term outlook could improve if inflation continues to ease and interest rate cuts materialise later this year.

For now, though, the warning signs are clear: while services may be ticking over, the UK’s industrial and construction base is still under strain. And with the new government under increasing pressure to deliver on its growth agenda, today’s figures may prove a critical early test of its economic credibility.

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UK economy shrinks again in May, fuelling fears of faltering recovery

The UK government is exploring emergency options to save Speciality Steel UK (SSUK), a major South Yorkshire steelmaker employing more than 1,400 people, as fears mount it could collapse into administration following a critical court hearing next week.

Business Secretary Jonathan Reynolds is said to be actively considering contingency plans, including the possibility of taking the company into public ownership if its parent, Liberty Steel, fails to secure new funding or a buyer. The move would mark the second time in recent weeks the government has taken control of a major UK steel plant, following its intervention at British Steel’s Scunthorpe works.

SSUK, which operates sites in Rotherham and Sheffield, is part of Sanjeev Gupta’s GFG Alliance – a global industrial group that has faced financial turmoil since the 2021 collapse of its main lender, Greensill Capital. Liberty has produced no steel at Rotherham for more than a year due to cash shortages, despite housing the UK’s largest electric arc furnace. The company has, however, continued to pay staff.

Gupta, who is based in the UAE, remains in protracted negotiations with Greensill administrators and is also the subject of a Serious Fraud Office investigation, which began in 2021, into suspected fraud and money laundering. GFG Alliance denies any wrongdoing.

According to court filings, previous attempts to sell SSUK have failed, but Gupta has told unions he is in “advanced talks with a major investor” ahead of the insolvency hearing. A union source said they were still awaiting details of the potential deal but warned that if the company enters administration, ministers must act to protect jobs and strategic assets.

Community union, which represents many Liberty staff, said: “Should the worst happen next week, the government will need to step in to protect jobs and the strategically important assets.”

Reynolds has previously told Parliament that SSUK’s workers were “a national asset” and part of the UK’s wider steel strategy. Officials close to the Business Secretary say he has ruled out injecting government funds while Gupta remains in control of the business, but would be open to support if the company enters administration.

One option under consideration would mirror the government’s approach at British Steel in 2019, when an official receiver kept the business running while a buyer was sought. In Liberty’s case, officials believe a sale would be more straightforward because its electric arc furnaces are cleaner and more cost-efficient than traditional blast furnaces.

A Liberty Steel spokesperson said the company was still hopeful of securing a future for the business: “Speciality Steel remains a valuable business with strong demand, particularly in aerospace, defence and energy. Our plan has always been to keep Speciality Steel going and to run it well.”

GMB national secretary Andy Prendergast added: “GMB strongly supports government intervention to maintain operations whilst a sustainable plan is found for this crucial player in one of our key industries.”

The situation presents an early test of the new Labour government’s industrial strategy and its commitment to preserving strategically important British manufacturing. With SSUK having lost £340 million in the past four years, ministers will be under pressure to act decisively to avoid mass job losses in a politically sensitive region.

Sources within government say the plants’ high-grade, lower-carbon steel production fits with the UK’s broader economic and environmental goals – and could make SSUK an attractive proposition for future investors, once control passes from Gupta.

With the insolvency hearing scheduled for Wednesday, the coming days will prove critical. If no private funding or buyer materialises, the government is expected to act quickly to prevent the collapse of one of the UK’s few remaining specialist steelmakers.

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UK government considers rescue deal for Speciality Steel amid fears of collapse