Economy
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‘I don’t think it’s appropriate,’ housing minister says of accepting free tickets

Accepting free concert tickets is “not appropriate”, the housing minister has said, in an apparent criticism of the chancellor, Rachel Reeves, who received tickets to watch Sabrina Carpenter. Matthew Pennycook, the MP for Greenwich and Woolwich, whose constituency includes the O2 Arena, said he had accepted “zero” free tickets. Asked about Reeves’s decision to accept…

Business
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Tesla’s EU sales almost halve this year; Hyundai announces $21bn US investment to avoid tariffs – business live

Introduction: Tesla’s EU sales have almost halved this year Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. European car sales have dropped this year, with Tesla’s market share tumbling as buyers turn to other electrc vehicle makers. New sales data just released show that Tesla’s market…

Economy
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Non-compete clauses to be banned for workers including hairdressers and those in childcare in 2025 federal budget

The federal government will ban non-compete clauses for most employees, including hairdressers, construction workers and childcare centre staff, according to changes announced in the budget that could help households boost their income. The policy, designed to come into effect from 2027, would apply to workers earning less than the high-income threshold, currently $175,000 a year.…