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UK faces food shortages as worker scarcity gets worse

Bloomberg From abattoirs to restaurant kitchens, the UK food sector is facing a massive challenge this summer: there just aren’t enough workers. The food industry, already facing labour shortages because of Brexit and the pandemic, is now being stretched to capacity as the country reopens. Meat processors are cutting production and a “catastrophic” dearth of drivers is disrupting food deliveries ...

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Financial crisis scars tie up $8.1 trillion in US home equity

Bloomberg US homeowners spooked by the burgeoning pandemic last spring rushed to tap equity in their properties for a hit of ready cash — and equally wary banks tightened credit or halted lending in response. In the past year, monstrous demand for homes amid a scarcity of listings pushed up prices to the point of giving owners more collective equity ...

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Portugal slaps new rules on UK arrivals as Merkel urges unity

Bloomberg Portugal and Spain imposed new restrictions on UK visitors amid concern about the coronavirus delta variant as Germany pushed for a more coordinated European Union response to try to limit the strain taking hold in the bloc. The changes are a setback for Europe’s holiday destinations just as the summer tourism season should be kicking up a gear. The ...

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