5 Things You Need To Know (28/3/17)
Welcome to our “Things You Need To Know” daily update. Every day we’ll be here for you, summarising the key talking points in as quick of a time as possible.
1. PM Preparing To Trigger Article 50 Tomorrow
Following her trip to Scotland yesterday, Theresa May was today visiting Birmingham. Tomorrow she will formally trigger Article 50, thus starting the official two year Brexit process.
Mrs May has said her goal is for a “deep and special partnership” with the EU following Brexit. However, she also talked about the opportunity to work globally. Her comments came as a Qatar announced five billion pounds of further investment in the UK.
2. Tesco Fined
Tesco has agreed to pay a fine of £129 million in order to avoid prosecution for overstating its profits in 2014. The Serious Fraud Office said there had been an “extensive period of change” since the problems.
Additionally, Tesco has agreed with the Financial Conduct Authority to spend £85 million compensating investors who bought shares or bonds between August 29 and September 19.
3. A Middle Ground On Encryption?
Jack Dorsey, Chief Executive Of Twitter, has said there could be a “middle ground” on the issue of encryption.
There’s increasing pressure on companies like Twitter, Google and WhatsApp to enable government involvement in cases of extremism or terrorism. This comes after it transpired the Westminster terrorist was using WhatsApp just minutes before last Wednesday’s attack.
However, issues of privacy and proper encryption are also likely to flare public opinion.
4. Trump To Put Jobs Over Environment
President Donald Trump is set to put jobs over the environment, with CNN reporting that he’ll sign a sweeping executive order on Tuesday aimed at the Environmental Protection Agency.
Meanwhile, the President has started his day with an early morning tweet declaring “Big announcement by Ford today. Major investment to be made in three Michigan plants. Car companies coming back to U.S. JOBS! JOBS! JOBS!”
5. New Pound Enters Circulation
The new one pound coin has entered circulation today, starting the process of phasing out the old round one pound coins.
The new coin has twelve sides, in addition to several other features designed to make it much harder for counterfeiters.
To learn more about the new pound, read our helpful article here.