Sir Keir Starmer: Coronavirus roadmap ‘needs clear directions’ May 11, 2020 Sir Keir Starmer has called for greater clarity from the government on its coronavirus recovery strategy in his first televised address. The leader of the opposition was granted a four-minute televised address by the BBC to respond to Prime Minister’s Boris Johnson’s last night in which he laid out the government’s plan for easing the [...]
Rishi Sunak to outline future of furlough scheme tomorrow May 11, 2020 The government will set out details about the future of the coronavirus job retention scheme tomorrow, Prime Minister Boris Johnson has said. The furlough scheme, which is paying 80 per cent of wages for more than 6m British workers, is currently due to run until the end of June. But chancellor Rishi Sunak has reassured [...]
P&O Ferries to cut 1,100 jobs May 11, 2020 P&O Ferries today said it will cut 1,100 jobs after demand for travel was hit by the coronavirus pandemic. The ferry operator said it has started consultations “with a proposal to make around 1,100 of our colleagues redundant.” A spokesperson for P&O Ferries said: “Since the beginning of the crisis, P&O Ferries has been working [...]
Mayor candidate Shaun Bailey: TfL bailout was ‘inevitable’ May 11, 2020 London mayoral candidate Shaun Bailey has claimed that Transport for London’s (TfL) bailout bid was “inevitable” and would have happened even without the coronavirus crisis. The Tory candidate told City A.M.’s daily podcast The City View that TfL was “bankrupt, virtually” and that its bid for a £2bn bailout from central government was because of [...]
Facebook and Instagram launch digital gift cards for small businesses May 11, 2020 Facebook and Instagram users will now be able to support local businesses during the Covid-19 crisis by purchasing digital gift cards on the social media platforms. From today businesses will be able to promote gift cards on their Facebook pages and in news feed posts, as well as in Instagram stories and on their profiles. [...]
Exclusive: EU accused of ‘politicising’ City of London in Brexit trade talks May 11, 2020 EU negotiators have been accused of politicising the UK’s financial services sector in Brexit trade talks, after suggestions the bloc could shut the City of London out of its markets if the UK does not budge on other areas during negotiations. A senior EU official told City A.M. that Brussels will only grant the British [...]
Life after lockdown: What are the new UK social distancing rules? May 11, 2020 After seven weeks of social distancing, the UK government is beginning to ease its coronavirus lockdown measures. Boris Johnson announced a conditional plan in an address on Sunday night for a partial easing of the UK lockdown. The measures, which have now been outlined in a 60-page document, form the first phase of the government’s [...]
Aviation sector slams ‘devastating’ 14-day quarantine plans May 11, 2020 The leaders of the UK’s biggest airlines and airports have written to the government criticising its newly-announced 14-day quarantine period for incoming visitors to the UK. In the letter, which is signed by 27 senior industry figures including the chief executives of Ryanair, Easyjet, Heathrow, Gatwick, and Tui, the sector warned: “An open-ended quarantine, with [...]
Airline stocks sink as FTSE 100 falls on fears of second wave May 11, 2020 The FTSE 100 fell back into negative territory this afternoon after early optimism about an easing of the UK lockdown appeared to evaporate. London’s stock market was up 0.85 per cent as it flirted with the 6,000 points marker earlier today. But traders’ enthusiasm quickly dwindled as European stocks also dropped into the red. The [...]
Coronavirus lockdown: Economic activity and optimism plunge to record lows May 11, 2020 Economic activity and optimism levels both plummeted to record lows last month due to the UK’s coronavirus lockdown. Business output across the UK fell by 35.87 points in April to 44.9, significantly below the 79.28 recorded after the global financial crisis, to the lowest level since records began in 2005. Any reading below 95 points [...]
