Home buyers seek stamp duty holiday extension over missed deadline fears January 13, 2021 The majority of house hunters believe the government should extend the stamp duty holiday, with many concerned they will be unable to complete their deals before the March deadline. According to the latest research, 67 per cent of buyers would like to see the property tax break extended, with 48 per cent worried the sale [...]
Leading startups shed 25,500 jobs during the pandemic January 13, 2021 As the pandemic ravages businesses, some of the world’s leading startups have been forced to make large-scale redundancies to stay afloat. Since the start of the pandemic, approximately 25,500 jobs have been lost in the top ten largest startup layoffs, according to Buy Shares analysis. Unlike their more established counterparts, startups do not have the [...]
Persimmon reports ‘robust trading’ and hails UK’s resilient housing market January 13, 2021 Persimmon, the UK’s biggest housebuilder, said the country’s property market had remained “resilient” despite the impact of the coronavirus pandemic. The FTSE 100 firm reported that trading was “robust” in 2020, although revenue and new home competitions dipped due to the closure of the housing market in the first UK-wide lockdown. New home competitions reached [...]
Labour’s Anneliese Dodds to call for ‘responsible fiscal framework’ in major speech January 13, 2021 Shadow chancellor Anneliese Dodds is set to make a definitive break from Jeremy Corbyn-era economic policies in a speech that will commit Labour to “responsible” government spending. Dodds will also urge Rishi Sunak to delay paying of fiscal policy cutbacks or tax increases until the UK’s economy has recovered from Covid, which has been the [...]
Christine Lagarde backs economic outlook despite Covid-19 resurgence in Europe January 13, 2021 The eurozone economy will rebound this year provided lockdown measures curb the Covid-19 pandemic, according to European Central Bank President Christine Lagarde. Speaking earlier today, Lagarde highlighted the importance of easing lockdown restrictions and delivering successful vaccination programmes, conceding that early rollouts had posed challenges. Last month, the ECB predicted economic growth of 3.9 per [...]
City Moves: Who is switching jobs in the Square Mile this week? January 13, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. After a rocky year for business, City firms are continuing to adapt to the challenges of three national lockdowns and post-Brexit bureaucracy to keep things moving across the Square Mile. This week, Lloyd’s [...]
Stress and exercise: How stop OD-ing on cortisol January 13, 2021 When stress affects the brain, the body feels the pain. Stress is the body’s reaction to feeling threatened or under pressure. It can make you feel angry, nervous and frustrated, impacting everything from sleep to appetite and mood. A little bit of stress is okay, it helps us get the job done when we’ve got [...]
Morrisons to be first UK supermarket to pay staff at least £10 an hour January 13, 2021 Morrisons will pay its supermarket staff at least £10 an hour, becoming the first major UK supermarket to reach that milestone. The new deal will start in April and represents a significant pay increase for nearly 96,000 colleagues, the majority of which will see a nine per cent rise. Staff had pushed for an increase [...]
Europol takes down dark web’s ‘largest illegal marketplace’ January 13, 2021 An illegal marketplace on the darkweb which boasted almost half a million users has been taken down in an international operation led by Europol. Darkmarket, which is said to be the world’s largest illegal darknet platform, had more than 2,400 people selling drugs, counterfeit money and anonymous sim cards to the sum of more than [...]
$220m reasons to keep your password safe January 13, 2021 Crypto at a Glance If you’re having a bad start to the day, spare a thought for San Francisco-based computer programmer, Stefan Thomas. Stefan made headlines around the world yesterday with his tale of forgotten password woe. He now has just two chances left to remember the password to a hard drive containing the private [...]
