BBC Three could return as on-air channel after Normal People and Fleabag success May 20, 2020 BBC Three could be brought back on air as the broadcaster looks to capitalise on a string of recent hits that have resonated with its vital youth audience. The channel was taken off linear TV and became online-only four years ago to save £30m, with the BBC arguing that young people were increasingly watching shows [...]
Matalan founder sues PwC over tax haven advice May 20, 2020 The founder of budget fashion retailer Matalan is suing PwC, claiming the accounting giant gave him bad advice on how to avoid paying taxes in the UK when he moved to Monaco. Multimillionare John Hargreaves said PwC had been negligent in its advice on his relocation from England to Monaco, which would have enabled him [...]
Boris Johnson hints at NHS worker pay rise in fiery PMQs May 20, 2020 Boris Johnson has hinted that NHS workers will be given a pay increase in a heated back-and-forth with Sir Keir Starmer at today’s Prime Minister’s Questions (PMQs). Johnson said he wanted “to see our NHS staff paid properly, the NHS supported” and that it would “be warmly welcomed across the whole of our establishment of [...]
Government doubles investment for coronavirus startups May 20, 2020 The government has doubled its investment to support startups borne out of the coronavirus crisis. Business secretary Alok Sharma has today announced the government is doubling investment in the Fast Start Competition to £40m. The programme was launched in April and is being managed by Innovate UK. It is part of a £211m investment package [...]
McDonald’s reveals which drive-thru restaurants have reopened today May 20, 2020 McDonald’s has revealed which restaurants have reopened today as the fast food giant aims to be operating all drive-thru sites by early June. The company said it has a total of 33 UK restaurants open for drive-thru orders from today, with some also offering a delivery service. A further five UK sites are open for [...]
World Trade Organization: Global trade to drop ‘precipitously’ May 20, 2020 The World Trade Organization (WTO) has said international trade is set to drop “precipitously” in the first half of 2020 as coronavirus wreaks havoc on global supply chains and consumer demand. The WTO’s gauge of the health of global trade fell to 87.6, its lowest reading since the goods trade barometer was launched in 2016. [...]
Insurance is a jewel in the City crown May 20, 2020 As the relatively new Member of Parliament for the City, I have been finding my way around the incredible range of financial services which London offers the world – and insurance and reinsurance are definitely jewels in the crown. So, the publication of the third edition of the London Matters report this week was a [...]
Global renewable energy growth to fall for first time in two decades May 20, 2020 The growth in new renewable energy capacity will slow for the first time in two decades, the International Energy Agency (IEA) has found, due to the ongoing coronavirus crisis. In a new report, the IEA found that around the world, countries and contractors will build fewer wind turbines and solar plants, with lockdown measures limiting [...]
UK: Brexit trade deal demands ‘go beyond’ other EU agreements May 20, 2020 The government released legal texts for the proposed EU free trade deal yesterday, with some trade experts claiming the UK’s demands are in excess of what Brussels has allowed in previous deals. Talks between the EU and UK are at a crossroads, after little progress has been made on several key areas in the first [...]
Consumer law firm Taylor Rose buys rival McMillan Williams in pre-pack deal amid High Street law coronavirus struggles May 20, 2020 Consumer law firm Taylor Rose has bought struggling rival McMillan Williams in a pre-pack administration deal in what could be an early sign of an expected wave of consolidation in the High Street legal sector. Law Society president Simon Davis warned earlier this month that more than 70 per cent of High Street firms may [...]
