Exclusive: London firms revolt over business rates payments during lockdown June 29, 2020 Tens of thousands of London companies are believed to be mutinying against the taxman by refusing to pay business rates for the three months of the coronavirus lockdown. In light of the pandemic, the government has handed firms in the retail and tourism sectors a year-long holiday on the tax, which is applied to companies’ [...]
German inflation beats expectations for June as services costs rise June 29, 2020 Inflation in Germany rose more than expected in June, partly due to higher prices charged by services having to enforce strict hygiene standards as the country eased its coronavirus lockdown. EU-harmonised German consumer prices rose 0.8 per cent this month compared to a year earlier, and 0.7 per cent compared to May’s figure. Economists had [...]
Greta is wrong, environmentalists need markets to protect the planet June 29, 2020 Free market advocates have too often vacated the environmental battlefield. And they have been scared off for good reasons. At best, climate politics is dominated by those who see little to no role at all for markets. At worst, environmentalism is a thinly disguised excuse for advocating far-left economic and social policies. Some have labelled [...]
Sterling slips against euro and dollar amid worries over UK spending plan June 29, 2020 Sterling fell against the euro and dollar on Monday amid concerns from investors over how the British government will finance its planned infrastructure programme, with Brexit-related risks helping to keep pressure on the pound. Prime Minister Boris Johnson said this morning that he would ramp up government spending in a bid to mitigate the economic [...]
Leicester lockdown: Pubs and restaurants may stay closed for two more weeks June 29, 2020 Leicester may be forced to extend restrictions on restaurants and pubs for a further two weeks due to a local coronavirus flare up, according to the city’s mayor. Sir Peter Soulsby said today that the government recommended that England’s current social distancing restrictions, due to be lifted on Saturday, are not lifted for the Midlands city. [...]
McLaren seals £150m in funding from Bahraini bank June 29, 2020 Supercar firm McLaren has arranged a new £150m financing facility with Bahrain’s national bank, the lender announced today. The auto company has been hit hard by the coronavirus pandemic, announcing that it would make 1,200 job cuts across its businesses last month. In a regulatory filing, the National Bank of Bahrain confirmed the new funding [...]
Eurozone economic confidence continues recovery in June June 29, 2020 Economic sentiment in the eurozone continued to recover in June following a modest pick-up in May, with improvements recorded across all sectors. Overall sentiment rose to 75.7 points in June from 67.5 in May, still short of market expectations of 80.0 and well below the average of 100 since 2000, new European Commission data showed. [...]
Coronavirus: Almost half of UK businesses expect they will have to lay off employees June 29, 2020 Almost half of UK businesses expect that the coronavirus crisis will force them to lay off employees. A new survey from YouGov revealed that 42 per cent of UK businesses expect they will have fewer employees in a year’s time compared to before the coronavirus lockdown. This compares to just 16 per cent of people [...]
Help young Londoners take their first step on the career ladder June 29, 2020 For so many young people, the coronavirus pandemic has left them questioning their educational future and career pathways. It has been such an uncertain time for pupils across the capital. And that’s why this year we were even more determined than ever before to host the London Careers Festival (LCF), albeit in a new format. [...]
Uber Eats orders skyrocket 160 per cent in lockdown June 29, 2020 Orders on Uber Eats have jumped significantly since lockdown began, rising by over 160 per cent as the UK turned to food delivery apps to replace the high street. The number of new restaurants on Uber Eats’ UK platform has almost doubled in the last four months to a total of 17,000, as smaller independent [...]
