Sajid Javid backs plan to end furlough scheme in October September 11, 2020 Former chancellor Sajid Javid today offered his support for ending the furlough scheme next month, claiming any extension would be “unfair” on taxpayers. Speaking at the Centre for Policy Studies think tank talk about the post-pandemic economic recovery ahead, Javid said he agreed with chancellor Rishi Sunak that the furlough scheme must end. “Even if [...]
Brexit: UK calls for more ‘realism’ as EU ramps up no-deal planning September 11, 2020 The UK has refused to renege on its plans to break international law over the Brexit withdrawal agreement as the EU steps up preparations for a no-deal exit. The government has come under pressure to drop its internal market bill, which it has admitted would breach international law. A number of Tory grandees have condemned [...]
Pizza Hut: Which UK restaurants are shutting down? September 11, 2020 Pizza Hut today revealed three London restaurants will permanently close in a crushing blow for food-lovers across the capital. Diners will no longer be able to go to the Croydon North End, Leyton Mill and Stratford restaurants. The fast food chain announced earlier this week that a total of 29 restaurants will permanently close, with [...]
You’re required: Alan Sugar urges public to get back to work September 11, 2020 Business tycoon Lord Alan Sugar today urged Brits to “put on a suit, put on a dress and get back to work” amid rising calls to kickstart the faltering economy. Speaking to LBC radio, Sugar said people’s resilience meant “they get back, they recover, they get over it”. “If you do the right things which [...]
Tory grandee calls on justice secretary to quit amid division over Brexit bill September 10, 2020 Sir Roger Gale has called for justice secretary Robert Buckland to resign over the internal market bill, escalating Tory division over whether the government is breaking international law. The Tory grandee said he “would expect the justice secretary under these terms to fall on his sword”. It comes as the Brexit bill is due to [...]
Mairead McGuinness: Meet the EU’s future finance boss September 10, 2020 Mairead McGuinness was this week nominated as the new EU financial services commissioner following the recent resignation of her Irish counterpart and EU trade chief Phil Hogan. Mr Hogan departs having found himself in the centre of a “golfgate” scandal, breaking lockdown rules by attending a dinner in County Galway, Ireland, with more than 80 [...]
Shares in fast food group Yum China fall on Hong Kong debut September 10, 2020 Shares in Yum China fell more than six per cent this morning after the fast food group made its debut on the Hong Kong market, as investors reacted to uncertainty in global markets. The Shanghai-based company, which operates KFC, Taco Bell and Pizza Hut restaurants in China, raised $2.2bn (£1.7bn) in the listing having sold [...]
Jacob Rees-Mogg self-isolates after child shows Covid symptoms September 10, 2020 Commons leader Jacob Rees-Mogg has gone into self-isolation after one of his children displayed symptoms of Covid-19. Deputy chief whip Stuart Andrew stood in for Rees-Mogg, making the business statement in the chamber this morning. In a tweet the Commons leader wrote: “Many thanks to Stuart Andrew for standing in for me at Business Questions. [...]
Waste firm Biffa remains on track after revenue recovers September 9, 2020 Waste management firm Biffa today said it remains on track to meet full-year expectations, with revenue last month recovering to 90 per cent of pre-coronavirus levels. In a trading update, the FTSE 250 firm said its business was “slightly ahead” of the base scenario it had set at the start of the coronavirus pandemic. Alongside [...]
Brexit: Government minister admits new bill will violate international law September 8, 2020 A top government minister today admitted that plans to amend the Brexit bill will break international law, but insisted it would only do so in a “very specific and limited way”. Concerns have been raised that proposed legislation for Britain’s internal market could undermine parts of the withdrawal agreement, which was negotiated last year. Asked [...]