Ed Miliband calls on government to extend ‘wrongful trading’ suspension until end of year October 21, 2020 Shadow business secretary Ed Miliband has urged the government to extend the suspension of “wrongful trading” rules to the end of the year or risk a flurry of firms going bankrupt. Back in March, ministers introduced a temporary protection for business directors to protect them from liability if they kept trading despite facing bankruptcy due [...]
BoE deputy says the ‘time is not right’ for negative interest rates : CityAM October 21, 2020 High levels of economic uncertainty and a bruised banking system mean now is not the time to experiment with negative interest rates, a deputy governor of the Bank of England has said.Sir Dave Ramsden today struck a more cautious tone on the novel monetary policy than his colleague Gertjan Vlieghe did yesterday. Vlieghe said he [...]
Champions League 2020-21: How prize money is calculated and why the winners don’t always get paid the most October 20, 2020 Winning the Champions League is not just about the glory; it also comes with a major prize money windfall of more than €100m for the eventual winner. Last season Bayern Munich earned an estimated €130m for lifting the trophy, while Liverpool pocketed €111m in 2018-19. But precisely how much a run in European football’s top [...]
London hospitality industry marches on parliament – live updates October 19, 2020 Members of the London and UK hospitality industry are staging a protest on Parliament Square, urging the government to revise its policies relating to hospitality venues. Reporter Poppy Wood is down in Westminster: follow live updates and responses here. Update 11:50 Chef and restaurateur Jason Atherton tells City A.M. that “what Boris Johnson has done [...]
Boris Johnson delaying choice on Covid lockdown as rapid testing nears October 18, 2020 Boris Johnson is reportedly delaying any decision on a national lockdown in the hope that new rapid turnaround Covid tests can be deployed before the end of the year. Johnson said last week that 1m “swab in the gob” tests, that give a result in 15 minutes, could be used every day by the end [...]
Pfizer: no emergency approval for Covid-19 vaccine until after US election October 16, 2020 US-based pharmaceutical giant Pfizer said today that the earliest it plans to file for authorisation for its Covid-19 vaccine would be the third week of November. Pfizer CEO Albert Bourla said in an open letter that filing depended on when data on the effectiveness of the vaccine would be available. Bourla said this data could [...]
Finnish Prime Minister leaves EU summit as a ‘precautionary measure’ October 16, 2020 Finnish Prime Minister Sanna Marin announced this morning she was leaving the EU summit in Brussels to fly back to Finland as a “precautionary measure,” after one of her colleagues tested positive for COVID-19. Marin shared her departure on Twitter, and has asked Swedish Prime Minister Stefan Löfven to represent Helsinki’s views during the EU [...]