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Business Analysis & Features

What The Sunday Papers Said


Independent on Sunday: Labour could make firms admit being hacked

Big businesses could be forced to publicly admit to cyber attacks from criminal gangs or statebacked terrorist groups, should Labour regain power. The party’s defence spokesman, Vernon Coaker, said that he believed it should be “a legal requirement” to disclose these attacks. Despite cyber crime costing some £27bn a year, firms do not have to reveal if their systems have been compromised.

Sunday Times: Shopping boss urges sterling devaluation

The shopping channel millionaire John Mills will this week launch a campaign for the devaluation of sterling to boost the economy and revive British manufacturing. The entrepreneur, the Labour Party’s biggest individual donor, says his plans, accompanied by a paper from the think-tank Civitas, could “transform our prospects” and boost economic growth to 5 per cent a year.

Sunday Telegraph: End of tax loophole may mean dearer downloads

The era of the 99p music download is under threat after George Osborne launched a £300m tax raid on technology giants such as Apple and Amazon. The Chancellor is closing a loophole that allowed internet companies to avoid paying VAT on sales of digital goods, such as music, electronic books and smartphone games, as part of a drive to reap more cash from foreign tech companies.

Mail on Sunday: Judges to rule in row over Tesco ad campaign

Sainsbury’s has won the right to a judicial review in its battle against an allegedly misleading advertising campaign that claimed Tesco’s products were cheaper. The legal move comes as Britain’s supermarkets stand at the threshold of a price war aimed at attracting cost-conscious shoppers. The battle was sparked by Tesco’s “Price Promise” advertising campaign of 2013.