From Breakingviews: Chancellor Rishi Sunak finds some extra pennies to make UK buildings more efficient and Halfords’ cycling boom doesn’t quite offset a motoring bust. Catch up with the latest financial insights
General view of a Halfords store in Luton, following the outbreak of the coronavirus disease , Luton, Britain, May 16, 2020.MILD, GREEN, FAIRLY LIMITED. Rishi Sunak’s economic recovery will have a green tinge. The UK chancellor will spend 3 billion pounds on measures such as enhancing the energy efficiency of the country’s building stock. Given buildings account for around a fifth of Britain’s annual carbon emissions, it’s a step in the right direction.
SHOPPING SPREE. Afterpay is striking while the iron is red hot. The Australian company, which allows consumers to buy items using instalment payments, unveiled plans to raise about A$800 million alongside a quarterly trading update that includes a more than doubling of active customers from a year earlier to 9.9 million. Unaudited figures also show a 127% jump in underlying sales for the three-month period thanks to a coronavirus-induced surge in online shopping.
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