Spiralling agency fees, internship crackdowns, and wavering EU credit ratings - here's your need-to-know business news roundup.
Tenants are paying as much as £2,000 in agency fees up front to move home.
This is according to a new report from the Resolution Foundation. Their research found that fees are highest in London. [Guardian]
The government has begun a crackdown on unpaid internships, beginning with the fashion industry.
HMRC has sent letters to more than 100 fashion businesses warning them over the use of unpaid interns. [Telegraph]
The European Union could lose its AAA credit rating after it was placed on negative watch by a major ratings agency.
Standard & Poor’s said the entire bloc could be downgraded if France or Germany lost their AAA ratings. [BBC]