we are going to focus on the top business stories. we start with a developing story we brought you this time yesterday because the european car industry is calling for a delay to tougher post brexit trade rules due to come in from january saying the supply chain is not ready. europe s car makers source many of the batteries for electric cars from asia which would see them fall foul of rules of origin regulations that specify how much of a car must be eu produced. it comes amid growing concern about the future of car manufacturing here in the uk where there is currently only one factory making batteries. stellantis owner of vauxhall as well as brands including fiat, citroen and peugeot has warned it may have to close uk factories if the government does not renegotiate the brexit deal. our economics editor faisal islam has more. earlier this week, a strong message from one of the world s biggest car makers to renegotiate details of the brexit deal, as their elec
up, have you considered renting instead of buying an outfit? it s a fast growing business driven by the cost of living crisis as well as considerations about sustainability and the environmental impact of fashion. now technology is available to link the owners of designer garments with people who want to rent them allowing users to make money renting out their clothes. eshita kabra davies is founder and ceo of by rotation. good to have you on the programme. is this what your company does? programme. is this what your company does? that s correct. we are a company does? that s correct. we are a social company does? that s correct. we are a social network - company does? that s correct. we are a social network where | we are a social network where you can lend and rent designer fashion with each other, so you can save money, make money, make new friends because you connect with each other on the 3pp, connect with each other on the app, and also save the planet one rental at a
woman. maybe she is tuned in right now. these are the ones who are both lenders and renters on the app and make a significant income per month. this is something that has been going on within the fashion industry for some time but to what extent are you seeing growth in reusing and renting as opposed to buying new? what as opposed to buying new? what is really interesting as opposed to buying new? what is really interesting is as opposed to buying new? “garnet is really interesting is that resale and even rental, hiring, hiring a hat for ascot or something, it is not new but it probably has a sexier take by calling it rental. what we are seeing is the market is growing from about 15 billion at the moment all the way to 170 billion by the end of 2030, and so it is a market that is growing faster than even the retail market, so i am really excited to see a lot of movement happening. you have a lot of the fashion industry itself that is partaking in the secular movement.- itself tha
Is renting your clothes better or worse for the environment? We ask the experts msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.