Business
De Minimis Delay Risks Turning UK Into a ‘Dumping Ground’, Retailers Warn
Britain risks losing yet more high street shops, and becoming a dumping ground for unsafe imports, unless ministers move faster to close a tax loophole being exploited by overseas sellers, retailers have warned.
Andrew Murphy, chief executive of The Entertainer, the toy chain that trades from more than 150 stores, has voiced “grave concern and profound frustration” at the government’s plan to wait until 2029 before scrapping the £135 “de minimis” customs threshold.
The rule lets overseas sellers, among them the Chinese ecommerce giants Temu and Shein, ship parcels worth less than £135 into the UK without paying customs duties. British retailers importing goods in bulk, by contrast, must pay duties, VAT and compliance costs on every consignment. It is a structural disadvantage that domestic players have been pressing the government to end for months.
In a letter to ministers seen by The Times, Murphy branded the timetable an “unacceptable delay to reform”, arguing that it “extends by years the existence of an uneven playing field with respect to foreign marketplace sellers”. The postponement, he wrote, was “wholly indefensible and deeply damaging to UK retailers in an era already characterised by extreme economic challenge for the sector”.
The intervention lands shortly after Temu was fined €200 million by the European Commission, which found the platform had allowed the sale of illegal and unsafe products, including dangerous baby toys and defective phone chargers. The penalty, the largest yet handed down under the EU’s Digital Services Act, followed regulators’ conclusion that Temu had failed to properly assess the systemic risks its marketplace posed to consumers. The Commission set out its findings in detail, noting that a mystery-shopping exercise found phone chargers failing basic electrical safety standards and baby toys carrying medium-to-high safety risks. Temu has rejected the assessment.
Platforms such as Shein and Temu have expanded rapidly in Britain by selling very cheap products shipped directly from manufacturers. Their rise has drawn complaints from domestic retailers, among them Sainsbury’s, Currys and AO World, who argue the tax treatment hands overseas rivals an unfair advantage. The growing pressure prompted the Chancellor to order a review of the loophole last year.
The government confirmed last year that it would abolish the de minimis exemption, but not until 2029. Ministers say a gradual transition is needed to avoid the border disruption and customs delays seen in the United States after it removed its own exemption for low-value imports.
Murphy pointed out that the US abolished its $800 exemption last August, and that the European Union will introduce a temporary customs duty on low-value parcels from next month ahead of wider reforms. “The UK, by contrast, will not even begin imposing duties until some time in 2029,” he wrote, warning that Britain risked becoming an “ecommerce dumping ground” as sellers diverted goods away from markets where tighter rules were taking hold.
He cited research by the British Toy and Hobby Association (BTHA), which has been buying and testing toys from online marketplaces since 2018. In its latest investigation, 86 per cent of around 90 toys bought from seven marketplaces, including Temu, Shein, Amazon, eBay and TikTok Shop, failed safety tests, with a further 4 per cent breaching UK labelling standards. Murphy said the loophole had become a “route by which unsafe goods can and do enter the UK” and reach the public.
Geoff Sheffield, chairman of the Toy Retailer Association, said non-compliant products were “a major concern for all our members, from the largest multinationals to the smallest independent shops”. Such toys, he added, “not only put children at risk of harm and damage the reputation of the entire industry, but they undercut genuine UK toy retailers”. The government, he said, needed to “accelerate the legislation to prevent more of our members disappearing from the UK high street”.
The warning comes against a grim run for big toy retailers. Toys R Us closed more than 100 shops after collapsing into administration, while Hamleys, Woolworths and Mothercare have all shut stores over the years, part of a longer roll-call of familiar names that have vanished from the high street.
Helen Dickinson, chief executive of the British Retail Consortium, said faster reform was needed to protect more businesses. “Every day the government delays introducing a new customs system for low-value imports is another day that harms British businesses,” she said. “With the US and EU already moving quickly to close this loophole, the UK stands alone, increasing the risk that even more goods could be dumped on our market.”
A Treasury spokesman said: “The rapid growth in low-value imports is hurting our high streets and retailers. We are removing the customs duty relief for low-value imports and reforming the way these goods are declared into the UK to ensure all goods are appropriately controlled.” The reform, he added, “backs our businesses to compete and grow, controls safety and flow of goods at our border, and keeps the UK in line with our international partners”.
Amy Ingham
Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.
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The woman’s case in California state court is the latest to allege workplace bias in Silicon Valley that focuses on cultural prejudices of some tech workers from South Asia. Cisco Systems Inc. is fighting a suit brought by California’s civil rights agency alleging bias against a member of India’s so-called lower castes, known as Dalits.
Anita Nariani Schulze is part of the Sindhi minority — she is Hindu, with ancestry in the Sindh region of what is now Pakistan. Her complaint alleges that her senior and direct managers, both male, consistently excluded her from meetings while inviting her male counterparts, criticized her, micromanaged her work, and deprived her of bonuses, despite positive performance evaluations and significant team contributions.
Schulze claims the managers’ animus reflects sexism, racism, religious bias and discrimination on the basis of national origin. The Sindhi Hindu nationality is “known for its technical acumen” and its gender equality, she says, which “exacerbated the managers’ discriminatory treatment.”
In a tentative ruling on Wednesday, Santa Clara County Superior Court Judge Sunil R. Kulkarni rejected Apple’s request to toss out the suit. While not ruling on the merits of the case, Kulkarni said Schulze had adequately supported her legal claims. Apple had argued her claims weren’t specific enough and were based on stereotypes.
But the judge rejected Schulze’s request to represent a class of female Apple employees who suffered job discrimination over the last four years. He agreed with Apple that she didn’t show a pattern of discrimination that could be applied to a broader group.
It wasn’t clear from the court’s docket whether the judge will hold a hearing Thursday before issuing a final ruling.
Apple didn’t immediately reply to a request for comment.
In the Cisco case, the California Department of Fair Employment and Housing alleged that two Indian employees at the San Jose-based company discriminated against a Dalit co-worker on the basis of caste.
Cisco has denied the claims, insisting it has “zero tolerance for discrimination.” It also said the lawsuit should be tossed out because caste isn’t a protected category under U.S. civil rights law.
Business
Trump Announces Hamas Disarmament Agreement as Iran Strikes Kuwait Air Base and US Attacks Pause Overnight
President Donald Trump announced Thursday what he called a historic agreement for Hamas to disarm in Gaza, even as fighting elsewhere in the region continued, with Iranian forces striking a military base in Kuwait early Friday while overnight U.S. strikes on Iranian territory appeared to pause for the first time in days.
Trump described the disarmament agreement in a post on Truth Social, writing that “the Board of Peace reached a HISTORIC agreement for the COMPLETE DISARMAMENT of Hamas and all other armed groups in Gaza,” calling it “a monumental step toward lasting PEACE and SECURITY.” A senior Hamas official, Ghazi Hamad, confirmed to CNN that the group had reached an agreement with the Board of Peace, the body overseeing implementation of a broader U.S.-brokered ceasefire plan, to relinquish its weapons. But Hamad stressed the deal remains conditional on Israel first meeting its own obligations under the agreement. “The agreement is a package,” Hamad said. “We will not begin any weapons-related steps until Israel implements these commitments. Frankly, if Israel does not implement them, we will not proceed.”
According to Hamad, those Israeli obligations include halting attacks on Palestinians in Gaza, withdrawing troops to a designated boundary known as the yellow line, allowing a surge in humanitarian aid, and permitting a Palestinian technocratic committee to take over civilian governance of the strip. Hamad also said Hamas’s heavier weapons would not be decommissioned or destroyed but instead “stored under the National Committee’s supervision,” while lighter weapons belonging to the group’s police force would be handed over first. He expressed skepticism about Israel’s willingness to follow through, citing what he described as extensive violations during an earlier phase of the ceasefire. “Our experience with the first phase was very bad,” Hamad said. “Israel did not abide by the agreement and there were hundreds or thousands of violations. Now it is a challenge for the guarantors — the United States, Qatar, Turkey, and Egypt — to ensure 100% that Israel will fully honor and implement all items of the agreement.”
A separate Gaza militant group, the Palestinian Islamic Jihad Movement, disputed the characterization of the deal entirely, saying early Friday that reports of the agreement were “inaccurate.” Israeli Prime Minister Benjamin Netanyahu had not publicly commented on Trump’s announcement as of Friday morning, though members of his right-wing governing coalition voiced opposition to the agreement.
A senior U.S. official told reporters Thursday night that Trump would be “very, very disappointed” if Israel failed to uphold its end of the arrangement, characterizing the request to Israel as simply following through on a 20-point plan it had already agreed to. The official added that the administration expects further details to be worked out over the coming weeks, with visible progress anticipated “in the next month or two” rather than adherence to a strict timeline. International reaction to the announcement was largely cautious. German Foreign Minister Johann Wadephul called the news “hopeful” while stressing that “real progress” depends on Hamas actually disarming. The National Committee for the Administration of Gaza, the technocratic body authorized by the United Nations to eventually govern the strip, welcomed the announcement as “an important milestone.”
Conditions on the ground in Gaza have shown little improvement despite the ceasefire signed roughly nine months ago. At least 1,214 Palestinians have been killed and 3,977 others injured by Israeli strikes since October 11, according to the Palestinian Ministry of Health.
Elsewhere in the region, the conflict between the United States and Iran showed signs of a possible pause after days of intensifying strikes. Neither Iranian state media nor U.S. Central Command reported any strikes hitting inside Iranian territory overnight into Friday, a marked change from Wednesday night, when the U.S. military launched what it described as a “heavy wave of strikes” against Iran in retaliation for an earlier Iranian attack on American military positions.
Even as U.S. strikes on Iran paused, Iranian forces struck outward. Iran’s military said it targeted Kuwait’s Ahmad al-Jaber Air Base early Friday, releasing footage that appeared to show projectiles launched toward Kuwaiti territory, according to Iranian state broadcaster Press TV. Kuwait’s army said it intercepted the attack, describing it in a statement as “heinous Iranian aggression” that caused “material damage as a result of falling shrapnel, without any human casualties.” Iran said the strike was carried out in response to earlier U.S. attacks on Qeshm Island, where American strikes this week killed a couple and their two-year-old child in their home, according to Iranian state media.
Shipping through the Strait of Hormuz, the critical Persian Gulf waterway through which a significant share of the world’s oil normally flows, has remained severely disrupted amid the fighting. Only five vessels transited the strait on Thursday, according to shipping analytics firm Kpler, after Iran’s Islamic Revolutionary Guard Corps warned the channel would not reopen “should excessive rhetoric, threats by American officials, and their interference with maritime movements in the region continue.” Further south, 47 ships passed through the Bab el-Mandeb Strait on Thursday, even as Iran-backed Houthi rebels in Yemen maintain a separate announced blockade of Saudi shipping through that chokepoint. Saudi Arabia responded Thursday by announcing a new Maritime Defense Alliance backed by 14 other countries aimed at protecting international shipping routes.
Oil prices fell Friday despite the region’s continued volatility, with Brent crude down 1.4% to nearly $88 a barrel and U.S. crude also down 1.4% to $82 a barrel, according to market data. Brent has fallen 9.3% and U.S. crude nearly 8% over the course of the week even as fighting between the U.S. and Iran resumed, with Deutsche Bank analysts noting in a Friday research note that shipping through the Strait of Hormuz “has been disrupted but it hasn’t completely stopped, while the US and Iran currently look to be avoiding a move from low-level escalation to all-out war.”
Trump is scheduled to convene his Cabinet Friday for a meeting at Camp David, the presidential retreat in Maryland, marking the 13th Cabinet meeting of his current term as the administration continues navigating both the Gaza ceasefire implementation and the ongoing conflict with Iran.
California-based La Terra Fina operates a facility in Union City, Calif.
Earnings call transcript: Cameco Q2 2026 misses estimates but shares rise
Glantz from Rusi thinks that as legitimate businesses close, crime moves in. “Rents are down, there’s a lot of empty spaces, so landlords are willing to pretty much take just about anybody,” he says.
Plumb came up with a new name for these areas: the “shuttered front”, a string of constituencies with struggling High Streets that Power to Change think could play a pivotal role in future elections.
Indeed, Reform’s Nigel Farage and Richard Tice were among the first mainstream politicians to regularly talk about visible signs of High Street criminality.
In 2024, Farage said at an event: “You can see High Streets with five, six, seven barber shops in them.” Tice added: “Seriously, how come lots of these new barber shops have got no customers in them? How come they all want cash only? These are fronts for money laundering and drug money, and someone has to talk about it.”
And in a social media video he made last year – one that quickly set parts of the internet alight – Robert Jenrick, who was then the shadow justice minister, listed “weird Turkish barber shops” as a visible sign of decline, alongside bike theft, phone theft, and drugs in town centres. “It’s all chipping away at society,” he said. He later clarified that he was “obviously not talking about all Turkish-style barber shops”. Jenrick defected to Reform earlier this year.
Some politicians argue the language around High Street decline is in danger of becoming racially coded. In January, Miatta Fahnbulleh, then the devolution, faith and communities minister, agreed when asked by the Guardian if she thought the focus on Turkish barbers had racist overtones. “Yes, I do. The fundamentals aren’t to do with the colour of the skin of people running our High Streets. It’s to do with long-term decline and neglect.”
At the time a Reform spokesman was quoted as saying: “This is not a matter of ethnicity.
“The National Crime Agency itself has said many of these establishments are used as fronts for money laundering as well as a whole range of criminality which is why they carried out hundreds of raids on them last year.”
Meanwhile, immigration – the issue that voters consistently highlight as among the most pressing, and that Reform campaigns heavily on – came up in our investigation too. We exposed a Kurdish gang that was enabling migrants to work illegally in mini-marts the length of Britain, by offering to put their own names to official paperwork. Trading Standards told us they find a constant supply of staff from asylum hotels, who are vulnerable to abuse by employers, working in those shops.
Josh Nicholson, a researcher at the Centre for Social Justice think tank, says, “Chaos and flux in Westminster are reflected in our High Streets.
“People feel powerlessness, they look at Westminster and see an inability of politicians to grapple with the basics and that feeds down to a local level.”
This feeling of helplessness came up again and again in our travels.
“Nothing is going to change,” Daniel, in Swansea, told us about the criminality on his High Street, which has become a hub for counterfeit rolling tobacco. He has seen violence on the High Street and an increase in raids on High Street shops. He’s a dual British and Chinese national and was considering moving to Hong Kong.
“It doesn’t make me feel safe. I’ve got kids.”
SMEs and solopreneurs today face a myriad of challenges. With rising costs and growing competition, many businesses now operate with fewer staff members, or without dedicated expertise on business-critical areas, for instance, sourcing or supply chain.
As a result, time-poor founders and CEOs may deprioritise sourcing and revert to their usual suppliers, even when more competitive products, pricing or terms may be available elsewhere.
One solution Is Accio Work , Alibaba’com’s 24/7 agentic business team that helps SMEs automate end-to-end business tasks, moving beyond advice to execute work across research, sourcing, negotiation, marketing, sales, operations and CRM. It requires no code or setup and automates complex tasks such as sourcing, supplier research, procurement and marketing that would otherwise consume hours of manual effort.
While many AI tools draft, suggest or provide answers to specific prompts, Accio Work is designed to take a goal or business objective and create a specific action plan to deliver results. Its agents work in coordination with one another, providing SMEs with automated workflows rather than a series of isolated tasks. Users get access to a pre-configured team of AI agents without requiring technical setup, allowing them to set goals in natural language, while the system assembles specialist agents to work on the task autonomously. These agents can support businesses across the entire lifecycle, including product strategy and design, product and supplier search, comparison and vetting, enquiry and negotiation, store operations, marketing and sales.
Making sourcing more manageable
One of Accio Work’s special features is the Accio Sourcing Toolkit which has been designed to offer senior-level sourcing expertise to any growing SME or solopreneur. This toolkit can automate key sourcing tasks, including supplier identification, product and supplier comparisons, and bulk outreach, 24/7 – allowing founders to focus on other tasks.
SMEs can describe a product or product specification and use the toolkit to find the best-suited suppliers that can bring it to life. For founders who are flush with new product ideas but may not have the time or expertise to bring ideas to market, this is particularly powerful.
By automating manual research, outreach and supplier follow-up, the toolkit reduces the time spent on repetitive tasks linked to sourcing, making the process easier to manage and more impactful.
Supporting better supplier decisions
The Sourcing Toolkit also presents SMEs with a range of options from different suppliers for assessment ahead of formal negotiations. This can bring together a range of product and business-critical data points or factors, from pricing and delivery times to product availability, enabling enables SMEs to move from operating with instinct to making more evidence-based choices.
And it supports autonomous outreach and negotiation with suppliers, including follow-ups 24/7. But this is not about taking negotiation away from the business owner, rather, it helps SMEs access more comprehensive information on pricing and sourcing terms so they can pursue stronger business outcomes.
Moving faster from idea to execution
Finally, the Sourcing Toolkit combines product research, opportunity analysis and supplier discovery to help SMEs identify products with strong commercial potential. Once an opportunity has been identified, businesses can move directly into supplier discovery and sourcing. This can enable SMEs to capitalise on new and emerging trends with greater agility and reduce the time to market.
It draws on Alibaba.com’s decades of expertise in B2B commerce, allowing SMEs to access supplier and product intelligence that would otherwise be difficult to gather independently.
Accio Work is plug-and-play, with zero set-up, no configuration and no code. It is built for real business scenarios, with enterprise-grade security, sandboxed environments, granular permissions and user approval for sensitive actions.
The Next Step: CoCreate Pitch 2026
For founders who want to do more than just source their ideas but also bring them onto the international stage: Alibaba.com has redesigned the CoCreate Pitch Competition 2026 into a fully AI-driven product innovation contest with a total prize pool of over one million US dollars.
For the first time, applicants can register directly through Accio Work. A dedicated “CoCreate Pitch Agent” transforms early product ideas into structured pitch concepts and actionable business plans. The European Final will take place on November 19 and 20, 2026, in London.
Business
Passenger on British Airways mayday flight describes fear and shout of ‘I don’t want to die’
A passenger on a British Airways flight that issued a distress call on approach to Heathrow Airport earlier this month has described the rising fear in the cabin and a lack of information from the crew.
Edward Killiwick had been travelling back from a friend’s birthday party with his partner Julie, on the flight from Dusseldorf in Germany on 6 July.
He said passengers were told that the landing had been aborted, and then he felt a “very violent manoeuvre” and “did think we could crash”. He and his partner had to comfort a woman who “completely lost it and started screaming, ‘I don’t want to die’”.
The flight landed safely, but the incident is being investigated with assistance from BA.
The UK’s Air Accidents Investigation Branch (AAIB) said it was “investigating a serious incident”, and France’s accident investigation authority, the BEA, said on Wednesday that the plane, an Airbus A320, had issued a distress call.
Edward said: “The violent manoeuvre almost felt like it was avoiding another aircraft. You could feel the engines going at full power.
“It was a bit odd going around in a holding pattern with no information. I thought if they’re not talking, then they’re not in a good place.”
He said they were in a holding pattern for about 15 minutes.
The BEA said that as the plane approached Heathrow, there was a data system failure which triggered a stall warning.
The crew then flew the aircraft in a different mode called “alternate law”, which removes some automated flight protection systems. Another stall warning then occurred at 3,000 feet — which experts say was likely to have been just miles away from the airport.
The urgency call the crew had already made was upgraded to mayday, indicating imminent danger.
A British Airways spokesperson said the airline was assisting the AAIB with its investigation and was not legally able to comment further at this stage.
Edward said: “I was definitely scared. After the violent manoeuvre I thought, there is definitely something very badly wrong here. I did think we could crash.
“I did think it was a possibility, and I think everyone else did.”
Company is testing a new beverage concept to extend its Refreshers platform.
CXMT, a secretive Chinese chipmaker, launched its trading debut following a $9.8 billion IPO. The company aims to challenge global semiconductor leaders and impact the trillion-dollar industry. Its IPO marks a significant step in China’s tech ambitions, reflecting increased focus on domestic chip production amidst geopolitical tensions and supply chain shifts.
Chinese semiconductor powerhouse CXMT (China Microelectronics Corporation) has officially debuted on the stock market following its impressive $9.8 billion IPO. This landmark move marks China’s push to become more self-reliant in advanced chip manufacturing amidst global supply chain challenges. CXMT, known for producing advanced DRAM chips, aims to strengthen its position as a key player in the global semiconductor industry.
The IPO has been met with strong investor enthusiasm, reflecting confidence in China’s semiconductor sector and its growth potential. The funds raised will be used to expand manufacturing capacity and invest in cutting-edge technology, which is vital as demand for high-performance chips continues to surge across electronics, communication, and data centers.
CXMT’s entry into the public markets signals China’s intensified efforts to compete with industry giants in the United States and South Korea. As global chip shortages persist, China’s semiconductor ambitions are gaining momentum, solidifying its role as a significant player in the future of tech innovation.
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