industry: Due diligence is essential to avoid a repeat of the horse meat scandal, according to KPMG.
Last week, Flexi Foods in Inglemire Lane, Hull, found itself at the centre of the crisis after samples of meat it had imported were found to contain up to 80 per cent horse meat.
The revelations led to panicked withdrawal of burgers from the shelves of Tesco, Asda, the Co-Op and Sainsbury's.
The Food Standards Agency has now ordered companies to test their processed beef products amid suggestions the inclusion of equine products in some food products may have happened through gross negligence or deliberate contamination.
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Annette Barker, forensic director at KPMG in Yorkshire, said: "This situation is a stark illustration of the risk of supply chain failure and should serve as a wake-up call for all organisations, not just those in the food sector."
finance: Staff and volunteers at the Hull and East Yorkshire Credit Union (HEYCU) are launching a campaign to encourage their 10,000 members to open a Christmas Savings Account.
Last year the not-for-profit organisation's members saved a record £400,000 in their Christmas Saver accounts.
The scheme has proved popular with a range of Hull companies, including the Humber Bridge Board and local aerosol maker Robert McBride, which allow staff to save by payroll deduction.
John Smith, HEYCU's chief executive, said: "Christmas is always the most expensive time of year, so it makes sense to put a little money aside each week or month to save up for it in advance.
"Opening a Christmas Saver account is good money management and definitely one of the best ways to improve your financial wellbeing."