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Weekly Trade Update: 17/10/24

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Weekly Trade Update: 17/10/24
International Investment Summit secures £63 billion
Government unveils Employment Rights Bill
Peak season logistics advice

International Investment Summit secures £63 billion

£63 billion of investment was announced at this year’s International Investment Summit, more than double the amount secured at last year’s Global Investment Summit. This investment is crucial to the Government’s mission of delivering economic growth. With innovative investment plans in green energy, infrastructure, and life sciences, close to 38,000 new jobs are set to be created as a result. Chancellor of the Exchequer, Rachel Reeves, said “It’s a sign of the confidence in the British economy. And it matters because it will support the growth of businesses big and small across the U.K. Helping them create new jobs and making people better off.”

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Government unveils Employment Rights Bill

This week, ministers revealed the Employment Rights Bill, which aims to bring economic security and growth to businesses, workers, and communities across the UK. Some measures in this bill include the removal of the unfair dismissal qualifying period, bringing an end to zero-hour contracts, and implementing measures to help make the workplace more compatible with people’s lives. While this bill will take some time to come into play, businesses can begin to look at how the measures might impact their business and how they can implement them.

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Peak season logistics advice

Peak season is right around the corner, with some of the biggest e-commerce dates fast approaching! Effectively managing the surge in demand and fulfilling your customer promises are two ways you can ensure a smooth journey over the upcoming months. Our logistics experts have complied their top 10 logistics tips to guide you through this busy time.

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