Coronavirus: ‘Green shoots’ starting to show, says NHS boss March 31, 2020 NHS England’s medical director has said the UK’s social distancing measures have begun to yield “green shoots”, despite today’s largest single day rise in deaths. Stephen Powis said at today’s daily Covid-19 briefing that the rate of increase in infections had begun to plateau in the past few days, but warned “we’re not out of [...]
Trump calls for $2 trillion infrastructure spending amid coronavirus relief March 31, 2020 US President Donald Trump today called for a $2 trillion (£1.6 trillion) infrastructure spending package as part of the country’s upcoming coronavirus relief bill. Trump said the funds should be included in plans for a so-called Phase 4 stimulus package aimed at bolstering the economy during the pandemic. “With interest rates for the United States [...]
Coronavirus: CBI calls for urgent economic relief for ‘stranded middle’ businesses March 31, 2020 Support must be given to “stranded middle” businesses who are not eligible for the government’s coronavirus relief package and are at risk of going bust, according to the CBI. The government’s £330bn business interruption loan scheme is open to companies with revenue of less than £45m, while large investment grade companies can access the Bank [...]
How technology is helping to maintain positive workplace culture during self-isolation March 31, 2020 Covid-19 has been disruptive to many aspects of our lives – including our work. For most organisations, remote working is quickly becoming the new normal, yet it’s a muscle many are just starting to develop. And while this transition is vital to keep employees safe, it brings with it a wealth of new challenges. Without [...]
Coronavirus: Debenhams seeks landlord support for new restructuring plan March 31, 2020 Embattled department store Debenhams is reportedly in urgent talks over a further restructuring plan that could involve more store closures. The high street chain has ramped up discussions with landlords due to the coronavirus outbreak. Debenhams’ lenders, which took control of the retailer last year, are unwilling to provide further funding without landlords agreeing to [...]
Coronavirus: UK airports renew calls for government aid as passenger numbers plummet March 31, 2020 The UK’s aviation sector has renewed calls for the government to do more to prop it up through the coronavirus pandemic, as new figures showed that UK passenger numbers could drop by a third in 2020. According to the International Air Transport Association (IATA), the UK is on course to see 113.5m fewer passengers pass [...]
Engineering is essential to addressing the coronavirus crisis March 31, 2020 At first it seemed – at least in commentary – that dealing with the Covid-19 crisis was mainly a task for epidemiology, medical and public health experts, and they continue to lead the global effort to combat the outbreak. But the cross-sector scale of the challenge became apparent last week with the UK government’s appeal [...]
UK firms say they are still under threat despite coronavirus support March 31, 2020 More than two thirds of UK managers say the coronavirus outbreak poses a high or severe threat to their companies, despite the government’s unprecedented economic package, a survey showed today. The Institute of Directors (IoD) business group, which produced the survey, said more must be done to support firms. It said the government should extend [...]
Retail landlord New River suffers drop in rent payments due to coronavirus March 31, 2020 Retail landlord New River received 60 per cent of its quarterly rent due this month as tenants were forced to close due to the coronavirus outbreak. The shopping centre owner said it was working with occupiers that had not yet paid to recover late payments or agree alternative solutions such as deferment or transition to [...]
Music rights firm One Media boosts profit after acquisition spree March 31, 2020 Music rights company One Media today posted a sharp rise in revenue and profit for the full year after snapping up a string of new catalogues. The Aim-listed firm reported revenue of £3.5m in the year to the end of October, up 30 per cent on 2018. Pre-tax profit rose 11 per cent to £547,222. [...]