British life insurers paid £90m in coronavirus death claims by the end of May August 13, 2020 British life insurers paid £90m in claims for coronavirus deaths in the three months to the end of May, the Association of British Insurers (ABI) said today. Insurers received 7,000 life insurance claims from families of people who died from covid-19 and 83 per cent have been paid so far, the ABI said. Every life [...]
Six per cent of people in England may have already contracted coronavirus August 13, 2020 Over 3.4m people in the UK may have already contracted coronavirus, a new study from Imperial College has shown. In the world’s largest home antibody testing programme, over 100,000 volunteers tested themselves at home using a finger prick test between 20 June and 13 July to check if they have antibodies against the virus. The [...]
UK coronavirus death toll lowered after methodology change August 12, 2020 The official death toll from coronavirus in the UK was lowered by over 5,000 today after the government adopted a new way of counting fatalities. Concerns had been raised that the old method overstated the number of deaths, as it counted every death after someone had been diagnosed with coronavirus with no cut-off point. From [...]
UK nightclubs make reopening plea ahead of ‘make or break’ period August 12, 2020 The UK’s nightclub sector has issued a desperate plea to the government to outline a plan for reopening venues, warning uncertainty could lead to widespread closures and job losses. Trade body UK Hospitality today warned that a lack of clarity over the easing of restrictions had put many clubs in a “precarious position”, while continued [...]
German institute says coronavirus vaccine could be available by autumn August 12, 2020 Germany’s leading infectious diseases institute said today a first vaccine against coronavirus could be available as early as autumn but warned that it may take longer to control the pandemic. “Preliminary projections make the availability of one or several vaccines seem possible by autumn 2020,” the Robert Koch Institute said in a statement. “It would [...]
Parties lead Germany to biggest spike in coronavirus cases in three months August 12, 2020 Germany today reported its largest daily spike in new cases of coronavirus in more than three months, as authorities blamed people returning from holiday and boozy parties across the country. The number of confirmed coronavirus cases in Germany rose by 1,226 to 218,519 today, data from the Robert Koch Institute (RKI) showed — marking the [...]
PwC boss Kevin Ellis: returning to work like ‘crossing the Rubicon for some people…you have got to make them feel safe’ August 12, 2020 The chair and senior partner of PwC UK Kevin Ellis said the Big Four firm had found it needed to overcome fear among some of its workers to help them return to the office. Speaking on City A.M.’s The City View podcast, Ellis said: “It is about crossing the Rubicon for some people…you have got [...]
Rishi Sunak says ‘hard times are here’ as UK plunges into worst recession on record August 12, 2020 Chancellor of the Exchequer Rishi Sunak today warned that “hard times are here” after the UK’s GDP contracted by 20.4 per cent in the last three months, plunging it into the worst recession on record. Speaking to Sky News, Sunak warned that “many more people” would lose their jobs as a result of the recession, [...]
Two-in-five businesses expect to cut jobs in the next six months August 12, 2020 Two-in-five finance chiefs at UK businesses expect to cut jobs in the next six months as a result of the coronavirus slowdown. The survey of 800 senior finance executives at UK companies also found one third had already cut jobs since the start of lockdown and 54 per cent said their organisation had furloughed staff. [...]
Government coronavirus business loans total nears £52bn August 11, 2020 The government has lent nearly £52bn to businesses via its emergency coronavirus loans funding schemes as companies try to weather the pandemic-triggered downturn. Data released by the Treasury today showed the total lent to businesses had hit £51.7bn by 9 August. The bounce back loan scheme (BBLS) accounted for £34.96bn with 1,157,296 facilities approved and [...]