Rishi Sunak warns UK economy will ‘get worse before it gets better’ January 11, 2021 The UK’s economy is set to “get worse before it gets better”, Rishi Sunak has today warned. The chancellor told MPs this afternoon that the country’s latest lockdown has scuppered any economic recovery from last year and that the new restrictions will “have a significant impact on the economy”. The Office for Budget Responsibility (OBR) [...]
Democrat sweep to open fiscal floodgates and boost growth January 11, 2021 | City Talk Democrats have completed a sweep of Congress following the double victory in the state of Georgia’s run-off election. The disturbing scenes of protestors storming Capitol Hill last night may have soured the victory, but nonetheless the Democrat party now have control of the Senate and the House of Representatives for the first time since 2009. [...]
Seven mass vaccine centres to open across England January 11, 2021 Seven new mass vaccine centres will open across England as part of the government’s new vaccine delivery plan, the details of which will be released later today. More than 1,000 vaccination sites have already been established across the UK, targeting first those most at risk from Covid-19. Speaking on Sky News this morning minister for [...]
Chancellor Rishi Sunak: The City could be set for a post-Brexit Big Bang 2.0 January 11, 2021 Rishi Sunak believes the Square Mile is set for a post-Brexit “Big Bang 2.0” and that the City’s “culture and creativity” will see it to greater, global heights. In a candid interview with City A.M., the Chancellor also pushed back against criticism of the UK’s trade deal with the European Union, saying that it should [...]
Rishi Sunak: Working from home will not be the new normal post-Covid January 11, 2021 Widespread full-time working from home will not become a permanent fixture of the UK economy and central London is destined to come back to life post-Covid, according to Rishi Sunak. The chancellor told City A.M.’s The City View podcast that he’s “desperate” for “the buzz, the vitality and the creativity” that cities generate and that [...]
Rishi Sunak calls for return to ‘sustainable finances’ ahead of March budget January 11, 2021 Rishi Sunak has reiterated the need to return to “sustainable” levels of government spending as he foreshadows future Budget cutbacks. Sunak told City A.M.’s The City View podcast in an exclusive interview that the Treasury’s £280bn Covid spending over the past year was “the right thing to do”, but that “over time” he had to [...]
UK to roll out rapid Covid-19 tests for asymptomatic people January 10, 2021 The UK will next week roll out regular rapid testing for people with no Covid-19 symptoms, according to health secretary Matt Hancock. Hancock announced today that the lateral flow tests, which give a result in 30 minutes, will be used to target asymptomatic Covid cases in care homes, across the NHS, in critical infrastructure workplaces [...]
Every UK adult to be offered Covid vaccine by autumn as 2m now immunised January 10, 2021 Health secretary Matt Hancock has said every UK resident over the age of 18 will be offered a Covid vaccine by autumn and that 2m people have now been immunised. Hancock said the government had 350m doses on order across the different vaccines and that he was confident they could be rolled out before next [...]
Covid-19 lockdown: Government tells public to ‘act like you have the virus’ January 9, 2021 The government has instructed the public to act like they have got the coronavirus and adhere to Covid-19 lockdown rules amid fears that the NHS is struggling to cope with the influx of new cases. A new advertising campaign has been launched reinforcing the “stay at home” message, in a bid to stem the transmission [...]
Alok Sharma to depart as business secretary as part of mini-reshuffle January 8, 2021 Alok Sharma will leave his role as business secretary to lead the Government's handling of the COP26 climate summit later this year