{"componentChunkName":"component---src-templates-post-js","path":"/suez-tailbacks-costing-billions/","result":{"data":{"ghostPost":{"id":"Ghost__Post__605db1955f52a1003b1db691","title":"Suez tailbacks costing billions","slug":"suez-tailbacks-costing-billions","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/412.png","excerpt":"Plus: Retail rebound in February, FCA failing investors? And 100,000 more bosses claim furlough.\n","custom_excerpt":"Plus: Retail rebound in February, FCA failing investors? And 100,000 more bosses claim furlough.\n","created_at_pretty":"26 March, 2021","published_at_pretty":"26 March, 2021","updated_at_pretty":"26 March, 2021","created_at":"2021-03-26T10:04:05.000+00:00","published_at":"2021-03-26T10:16:23.000+00:00","updated_at":"2021-03-26T10:16:23.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get all the money news plus expert adviser views.\n\nEver Given still stranded\nThe mega-container ship stuck in the Suez canal is holding up £7 billion of\nglobal trade [https://www.bbc.co.uk/news/business-56533250] every day - and it\ncould be there for weeks. The Ever Given got lodged earlier this week, causing\nhuge tailbacks. The delayed ships at either end are loaded up with oil,\nfurniture, clothing, and other goods.\n\nRetail rebound\nWe bought slightly more stuff last month, especially garden furniture and DIY\nsupplies. Overall sales volumes rose 2.1% in February\n[https://www.reuters.com/article/uk-health-coronavirus-britain-economy/uk-retail-sales-rise-in-february-consumers-prepare-for-garden-parties-idUSKBN2BI0SJ] \n- a small bounce from the 8% nosedive we saw in January as the third national\nlockdown took hold. 36% of all shopping was done online - another record,\naccording to the Office for National Statistics.\n\nFCA failing investors?\nThe Financial Conduct Authority needs to do more to warn investors about\ninvestment scams and fake websites, according to Which?. The number of rogue\ninvesting sites more than doubled last year, from 573 to 1,184, and the\nregulator is struggling to keep up\n[https://inews.co.uk/inews-lifestyle/money/investment-scams-protect-investors-online-fraud-sites-926053]\n. It publishes an online warning list of known scams, but Which? says there are\nmany unaccounted for, and they give FCA the slip too easily.\n\nEven more on furlough\nOver 100,000 more companies turned to the furlough scheme\n[https://www.theguardian.com/uk-news/2021/mar/26/employers-claiming-furlough-up-by-more-than-100000-in-january] \nin January, pushing the total relying on the payouts to 858,629. Many other\nbusinesses increased their ask, with pub chains JD Wetherspoon and Mitchells &\nButlers remaining the largest claimants in January.","html":"

The 1-minute read to get all the money news plus expert adviser views.

Ever Given still stranded

The mega-container ship stuck in the Suez canal is holding up £7 billion of global trade every day - and it could be there for weeks. The Ever Given got lodged earlier this week, causing huge tailbacks. The delayed ships at either end are loaded up with oil, furniture, clothing, and other goods.

Retail rebound

We bought slightly more stuff last month, especially garden furniture and DIY supplies. Overall sales volumes rose 2.1% in February - a small bounce from the 8% nosedive we saw in January as the third national lockdown took hold. 36% of all shopping was done online - another record, according to the Office for National Statistics.

FCA failing investors?

The Financial Conduct Authority needs to do more to warn investors about investment scams and fake websites, according to Which?. The number of rogue investing sites more than doubled last year, from 573 to 1,184, and the regulator is struggling to keep up. It publishes an online warning list of known scams, but Which? says there are many unaccounted for, and they give FCA the slip too easily.

Even more on furlough

Over 100,000 more companies turned to the furlough scheme in January, pushing the total relying on the payouts to 858,629. Many other businesses increased their ask, with pub chains JD Wetherspoon and Mitchells & Butlers remaining the largest claimants in January.

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