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New Year – new newsBack

The Financial Times

Membership of reformed EU seen as vital to economic security


Regardless of the UK prime minister’s renegotiation of Britain’s terms of EU membership, most of the more than 100 economists thought economic prospects following a Brexit would be hit if voters decided to leave. Economic arguments are central to both the “in” and “out” camps as they prepare for a referendum on whether the UK should leave the EU. It could be held as early as June.


The Times

Britain gears up to profit from market in driverless cars

The value of the driverless car market is set to soar in the next four years as technology changes “the very concept of transport”. The “connected transport” system of automated vehicles, state-of-the-art car sharing schemes and contactless payments on public transport will be worth £90 billion worldwide by 2020, according to PwC. Britain’s share will be worth £4.5 billion, 5 per cent of the total, an analysis found.


The Daily Telegraph

Price of diesel to drop below £1 at all Big Four supermarkets

Drivers will return to work in the new year with more money in their pockets after the price of diesel falls below £1 a litre at all “big four” supermarkets. Morrisons initiated the discount on Sunday by cutting the price of a litre of diesel to 99.7p at all its petrol stations. Tesco and Asda and Sainsbury’s plan to follow suit on Monday, matching Morrisons’ price, while Sainsbury’s will sell diesel for 99.9p per litre. This is the first time since May 2009 that a litre of diesel has cost less than £1.

Posted by Lois Hardy on 04/01/2016