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Wednesday newspaper round-up: JLR, BP, digital sales tax

By Michele Maatouk

Date: Wednesday 19 Feb 2020

Wednesday newspaper round-up: JLR, BP, digital sales tax

(Sharecast News) - Jaguar Land Rover has warned it could run out of car parts at its British factories at the end of next week, as the coronavirus halts supplies from China. Britain's biggest carmaker added its voice to a chorus of companies counting the cost of the outbreak, as the epidemic weighs heavily on international business and trade. - Guardian
The new chancellor, Rishi Sunak, is being urged to include measures to protect access to physical money as part of the March budget, as experts warn the UK's cash system has edged closer to collapse. Authors of the Access to Cash Review are calling for extra safeguards to support the UK's cash infrastructure, which has come under severe strain in the 12 months since the original report was published last March. - Guardian

Oil giant BP is under growing pressure over its stake in Rosneft after the US slapped sanctions on the Russian company for allegedly propping up the Venezuelan regime. London-listed BP owns nearly 20pc of state-owned Rosneft under a deal dating back to 2012 which gives BP two seats on Rosneft's board. - Telegraph

A market-moving speech by the Bank of England's deputy governor was sent to a foreign exchange trader more than an hour before it was delivered, it can be revealed, highlighting the scale of a security breach at the institution. Livesquawk, a market news provider that had been accredited by the Bank and other institutions to receive early copies of sensitive material, used a Skype chat to post a speech by Ben Broadbent to a market trader an hour and 16 minutes before the deputy governor for monetary policy made it. - The Times

The ?360 billion retail property sector has joined calls for the government to urgently overhaul the business rates system. Revo, which represents hundreds of retailers, high street landlords and consultants, has written to the Treasury asking it to accelerate the "fundamental" review of business rates promised at the Queen's Speech in December. - The Times


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