London's Metropolitan Police have announced they are investigating possible fraud offences committed during the Post Office scandal, described as one of the worst miscarriages of justice in British legal history.
More than 700 people running small local post offices received criminal convictions between 1999 and 2005 after faulty accounting software made it appear that money had gone missing from their branches.
The prosecutions for theft and false accounting have received new attention following a television drama about one branch manager's fight for justice that was aired on ITV this week.
The Met said late Friday that officers are "investigating potential fraud offences arising out of these prosecutions".
The probe also includes money recovered from sub-postmasters as a result of civil actions, the force added in a statement.
The Met had already been investigating potential crimes of perjury and perverting the course of justice relating to investigations and prosecutions carried out by the Post Office.
Two people have been interviewed under caution but nobody has been arrested since the investigation opened in January 2020.
The scandal has been described at an ongoing public inquiry as "the worst miscarriage of justice in recent British legal history".
The Horizon IT system had been developed by the Japanese technology giant Fujitsu.
The Post Office began installing the software in the late '90s, but flaws in its programming showed up deficits in branch accounts.
Postal service executives, refusing to acknowledge problems with the software, forced workers to repay the shortfalls.
Some were imprisoned or left out of pocket, while others failed to find other jobs and lost their homes.
In December 2019, a High Court judge concluded that the system contained a number of "bugs, errors and defects".
The victims of the scandal have so far been paid £124.7 million in compensation as part of the Overturned Convictions and Horizon Shortfall Schemes, according to the latest compensation data for the year-end 2023.
The UK government announced in September that every postmaster convicted would receive a payout of hundreds of thousands of pounds.
The four-part television series, Mr Bates vs the Post Office, has led to 50 potential new victims contacting lawyers, according to media reports.
Meanwhile, former Post Office boss Paula Vennells said she is handing back her CBE with immediate effect after facing mounting pressure over the scandal.
As millions of Londoners and visitors head to the capital’s stores, shopping centres and local businesses for Black Friday sales and their Christmas shopping, the mayor and Met police said they are working together to increase partnerships, patrols and operations to catch criminals and make London safer.
Mayor Sadiq Khan on Tuesday visited a new mobile police station in Queen Elizabeth Olympic Park and joined officers on patrol to learn more about how they are working to make the park and busy surrounding area even safer day and night.
With more people out and about as London heads into the festive season, the new mobile police station is one of four across the capital being staffed by police officers and PSCOs – to respond to local queries, act as a deterrent to criminals and carry out targeted local patrols on foot and on bikes.
Within weeks of the mobile Stratford police station being set up in October, officers staffing the station identified and detained three suspects for robbery. The mobile station has also received positive feedback from local residents, businesses and commuters in an area which is exceptionally busy during the pre-Christmas period.
Since October, North East London, North West London, South West London, South East London have been deploying their own mobile police stations - which can move around different areas to work proactively with local communities and also respond to where there is greatest demand, based on intelligence and local community needs.
This enhanced approach to local neighbourhood policing is part of the New Met for London Plan which is being supported with record investment from City Hall.
The Met are spearheading targeted work in busy hotspots this Christmas season, such as Westminster, Westfield, Oxford Street, Battersea and major transport hubs, to tackle mobile phone crime.
Officers working out of the mobile police station in Stratford have built working relationships with business owners in shopping areas across Stratford town centre and are running regular Op Sting policing operations to target repeat shoplifting offenders.
Officers are working effectively with local businesses and organisations to prosecute offenders and obtain Criminal Behaviour Orders (CBOs) to exclude criminals from returning. A new data sharing agreement has also led to the quick exchange of information and intelligence to prevent, deter and detect suspects of retail crime.
“As the capital’s world-famous Christmas Shopping season gets underway, the targeted work police officers are doing in Stratford is a great example of the Met working with communities and local businesses to make our city safer and bear down on robbery, thefts and retail crime in all its forms,” Khan said.
“We know how important this golden quarter is for our business sector so I’m really pleased to see the police working effectively to bear down on the worst offenders – many of whom use the busy crowds and festive season as a cover for their crimes.
“As Mayor, I’ll continue to invest in policing, so that local community-based police teams – like the mobile police station I have seen today - can be there when the public need them most. This is alongside our vital work investing in prevention and intervention at critical stages in the lives of young Londoners so that we can build a safer London for all.”
Commander Pete Stevens from the Metropolitan Police said: “We are determined to make the streets of London safer and tackling theft and robbery is key to that.
“Thanks to excellent work from local officers we’re bringing perpetrators to justice and our mobile police stations are helping us make London safer. We look forward to working closely with the Mayor and local businesses to continue to tackle this issue.”
Supreme plc, a leading manufacturer and distributor of consumer goods, has reported strong financial performance for the half-year ended 30 September,
The company recorded an 8 per cent increase in revenue, reaching £113 million compared to £105.1m in the same period last year. Adjusted EBITDA rose 22 per cent to £18.5m, reflecting higher gross margins and tight overhead control.
Despite challenges in the vaping market, the company continues to demonstrate resilience, particularly in its non-disposable vaping products.
Revenue in the vaping category stood at £36.6m, a 13 per cent decline from £42.1m in the previous year, largely due to a strategic de-emphasis on disposable vapes ahead of the forthcoming ban in June 2025. Sales of disposables fell by 56 per cent, to £4.4m, while revenues from non-disposable products remained stable at £32.2 million.
Supreme has shifted focus to rechargeable pod systems, 10ml e-liquid refills, and nicotine pouches under its 88Nic brand. These initiatives align with the anticipated regulatory changes and reinforce Supreme’s long-term commitment to supporting vaping as a smoking cessation tool.
“The strength of our strategy and the proactivity of our teams means we are well-positioned for upcoming changes in the UK vaping sector. Non-disposable vapes account for the majority of our vaping revenue, and we continue to report growth in 10ml e-liquid refills,” said Sandy Chadha, Supreme's chief executive
The revenue for third-party disposable vapes ElfBar and Lost Mary, reported separately in Supreme’s Branded Distribution category, totalled £30.3m for the period, an increase of 15 per cent as a result of having this distribution for the entirety of the period versus only three months last year.
The acquisition of Clearly Drinks has further diversified Supreme’s portfolio, adding £3.5m in annualised EBITDA. The acquisition reflects the company’s strategy to leverage its distribution network for cross-selling opportunities, particularly in its Sports Nutrition & Wellness division.
As a result, non-vape annualised revenue of the company now exceeds £100m or around 45 per cent of group revenue.
“We have experienced steady growth across our categories whilst seamlessly diversifying our portfolio through the acquisition of Clearly Drinks,” Chadha added.
“Adding well-recognised and trusted brands into Supreme's unrivalled distribution network across UK retail is central to our long-term growth strategy, and this acquisition reaffirms our ability to identify and execute quickly on M&A opportunities.”
Supreme anticipates revenue of around £240m and adjusted EBITDA of at least £40m for FY 2025, driven by continued strength in its core categories and ongoing market adaptation.
Some of the prominent food and drink wholesalers have written to the Prime Minister to express deep concern about the impact of the recent budget, which threatens the long-term sustainability of the UK’s food and drink supply chain
Coordinated by the Federation of Wholesale Distributors (FWD), the letter highlights that the National Living Wage increase will add an estimated £110 million in direct wage costs, while the increase in employer National Insurance will add additional costs of £31 million a year to an already embattled sector.
FWD warned that the budget will compound spiralling costs and undermine the wholesale sector – at a time when it should be encouraged to play a pivotal role in driving growth. The viability of regional food distributors is now also threatened, while there is additional pressure on the sector’s ability to fulfil public sector contracts to schools, care homes, prisons and hospitals with nutritious food.
The letter also highlights concerns about reforms to business rates which threaten to plunge hard-working wholesalers into paying a higher multiplier on properties with a rateable value of £500,000 and above.
While the rationale behind this change may be to tax the warehouses of online giants, it is essential to ensure there is a way of differentiating them from business-to-business food and drink wholesalers who were not the intended targets of this change and play a vital role in feeding the nation.
Commenting on the letter’s publication, FWD Chief Executive James Bielby said, “Our members contribute significantly to the UK economy, with annual revenues reaching £36 billion. They also directly employ 60,000 people and add an impressive £3 billion of gross value to the UK economy each year.
"The scale of our sector’s contribution highlights its significance in powering the government’s mission to kickstart economic growth – which we wholeheartedly support.
“However, the tax increases announced in the budget will have the opposite effect, compounding spiralling costs and undermining our critical sector. I would welcome the opportunity to meet with the government to discuss our concerns so that we may identify solutions to mitigate the damaging impact the budget’s measures will have on the critical supply of high-quality food and drink across our country.”
Bestway Wholesale Managing Director Dawood Pervez said, “The planned increase in employer National Insurance contributions alongside the National Living Wage increases will wipe off 10 per cent of our profitability, significantly hindering our ability to reinvest in jobs and the wider supply chain.
"At a time when many wholesalers are already faced with rising prices, these added costs will cause further inflation across the board and will not drive economic growth in our sector or country as a whole.”
Families are set to splash out on Christmas this year as expected spending hits a three year high as the cost-of-living pressure eases, according to RSM UK’s latest Consumer Outlook.
Families expect to spend an average of £760 on Christmas this year, up £158 or 26 per cent on £602 last year; and £694 in 2022. Last year consumers spent on average around a third more than expected, so 2024 average spend could break the £1,000 mark if the same overspend happens again this year.
A third of families (33%) plan on using some form of credit, including a credit card, buy now pay later arrangements, a loan or using overdraft, to fund Christmas this year. Half of all families (50%) plan on bringing forward their Christmas spending to spread the cost of purchases and take advantage of discounts such as Black Friday and Cyber Monday.
The EY Holiday Shopping Survey has also found that the consumers have started their holiday shopping earlier this year, driven by a desire to spread out their spending.
The top three categories that families plan on spending more on include Christmas presents (33%), Christmas dinner (33%) and food and drink at home (32%). Whereas the biggest cutbacks will be homeware (42%), eating and drinking out (40%) and adult fashion (37%).
“Expected Christmas spending hitting a three year high will be welcome news to retailers as families look set to splurge on Christmas presents and food and drink at home. Consumer confidence improved for the first time in three months in November, but it remains fragile and any further dips in confidence could derail expected spending,” Jacqui Baker, partner and head of retail at RSM UK, commented.
“Many retailers will be hoping that Black Friday deals can kickstart sales throughout the Golden Quarter to ensure they are in the best possible financial position going into 2025 to help offset the looming uplift in costs post-budget.”
Keep ReadingShow less
Smithfield Market (Photo by Carl Court/Getty Images)
The UK local authority on Tuesday (26) voted to close the city's historic wholesale meat market from 2028, ushering the ending of the trading era that started back in the 1100s.
Smithfield Market, near St Paul's Cathedral, has endured years of uncertainty and was facing an £800-million move to a new purpose-built site in the eastern suburb of Dagenham. But members of the City of London Corporation approved a decision to shelve the project, ending 900 years of history.
Smithfield Market is the largest wholesale meat market in the UK and one of the biggest in Europe. The current iteration of the market has been trading at the site since the 1860s. Prior to that it was a livestock market, which dated back to the medieval period.
Work has already begun on turning this site into a new cultural and commercial hub, which includes the new London Museum, BBC reported.
The Billingsgate fish market had also been slated to move from its home near the Canary Wharf development in east London to Dagenham.
Billingsgate is the largest inland fish market in the UK, with an average of 25,000 tonnes of fish and fish products sold there every year. The original market first traded in Lower Thames Street in the City in 1327, before moving to its current site in Poplar, east London, in 1982.
This site has now been earmarked to provide thousands of new homes.
In a statement, the corporation said traders, who work through the night to supply butchers, hotels and restaurants across the capital, could continue operations until "at least 2028".
"The decision reflects a careful balance between respecting the history of Smithfield and Billingsgate Markets and managing resources for this project responsibly," the local authority said.
"Project costs have risen due to a number of external factors, including inflation and the increasing cost of construction which have made the move unaffordable."
Speaking to BBC London before the decision was announced, one trader, whose family has sold fish at the site for 70 years, said he had been forced to take the compensation offer or "leave with nothing", adding, "For what we’ve been offered to vacate the premises, I can’t go and reinstate myself somewhere else.
The trader also warned that the decision will leave London "without a fish supplier" unless another fish market of the same scale comes up.