Today's business and finance round up 27th May 2022

View this email in your browser

27th May 2022

Bite-sized business news from the UK and beyond

Good morning Just months after bringing BBC3 back to the screens after six years off the air, the BBC announced that CBBC and BBC4 will be taken off TV screens and moved to online platforms. It’s part of a huge shake up that will see the corporation become a ‘digital first media organisation’. Other changes include merging the BBC News and BBC World News channels and cutting 1,000 jobs.

Today's stories

• Rishi dishes - Chancellor unveils £15bn energy support package

• Not so fast - Government eyes BT’s biggest shareholder

ECONOMYChancellor unveils £15bn energy support package

• 8m of the poorest households will receive an additional £650 one-off payment.

• 8m pensioners who get winter fuel payment to also get a £300 payment.

• £150 extra payment for people on disability benefits.

• Extra £500m for household support fund delivered by local councils, increasing it to a total £1.5bn.

Other stories to keep you in the loop

• Twitter shareholder sues Elon Musk for tanking the company’s stock

• Delivery start-up woes: Getir and Zapp slash headcount

• EY plans global audit spin-off in drastic Big Four shake-up

• Manchester United report 30% increase in revenues

• Justin Timberlake sells song catalogue in deal ‘worth just over $100m’

• DIY retailer Wickes avoids post-pandemic slowdown

TELECOMSGovernment eyes BT’s biggest shareholder

Stat of the day

According to new research Brits are set to spend almost £1,500 each attending weddings this year

Interesting links from around the web

• The sky-high cost of returning to the office

• Women are doing more thankless tasks at work — here’s how to help fix the problem

• The best brunch spots to try in every part of London

Forward to Friend