World Cup cashflow: England’s semi-final vs Argentina is forecast to pump about £455m into the UK economy, with £356.5m expected from retail and £98.3m from pubs and hospitality as fans spend on food, drink and match-day gear. Retail disruption: Tesco says it will close Express stores early across England at 7.30pm if England reach the final, so staff can watch the match. Consumer fraud crackdown: Edinburgh Trading Standards seized nine tonnes of fake World Cup shirts worth £5.5m, targeting counterfeit supply chains ahead of peak demand. Business slowdown: BDO reports UK business activity fell to a four-year low in June, with its Output Index dropping to 91.53, pointing to weaker demand and cautious hiring. Finance regulation: The FCA proposes simplifying asset-manager reporting via a new framework (FRAME) to cut costs and reduce confusion, aiming to save firms £128m a year. Crypto tax shift: HMRC has confirmed a no gain/no loss approach from April 6, 2027 for crypto loans and liquidity pools, delaying CGT until sale or exchange. Telecoms shake-up: Billionaire investors Xavier Niel and Sunil Mittal are reshaping ownership at Vodafone and BT, raising expectations of tougher cost discipline.