UK lockdown: No pubs or restaurants to reopen until July ‘at very earliest’ May 11, 2020 Pubs, hair salons and restaurants will not open until 4 July at the “very earliest”, Dominic Raab said today in a warning the UK lockdown is far from over. While manufacturing and construction workers will begin returning to work today the picture is very different for retailers, the foreign secretary said today. Raab insisted the [...]
Heathrow calls for border reopening plan as passenger numbers fall 97 per cent May 11, 2020 The chief executive of the UK’s largest airport Heathrow has called on the government to lay out a roadmap for how it will reopen its borders after coronavirus. Speaking as the airport announced that passenger volumes in April had fallen 97 per cent, John Holland-Kaye said: “Aviation is the lifeblood of this country’s economy, and [...]
Coronavirus lockdown: 1m firms warn of collapse if restrictions continue for three months May 11, 2020 More than 1m businesses have warned that they could not survive another three months of the coronavirus lockdown, after the prime minister last night announced some changes to the restrictions. More than 250,000 businesses said they will not be able to survive if trading conditions remain as they are for another month, according to the [...]
SoftBank’s telecommunications subsidiary forecasts stable operating profit May 11, 2020 SoftBank’s telecommunications subsidiary has forecast operating profit of £6.92bn, largely unchanged from a year earlier. The wireless carrier, SoftBank Corp, is an important source of cash for its parent company SoftBank Group Corp, which is expected to post a record annual operating loss next week. The Japanese conglomerate has warned of further losses on its [...]
Easyjet calls on government to use quarantine rules for only a short period May 11, 2020 Low-cost carrier Easyjet today said that the government should only keep quarantine requirements for people entering the UK in place for a “short period”. Last night Prime Minister Boris Johnson had announced that mandatory quarantine for air passengers coming into the UK would soon be put in place. He said: “And to prevent re-infection from [...]
Coronavirus: Job retention scheme to be extended to September May 11, 2020 The government’s coronavirus job retention scheme will reportedly be extended until September at a reduced rate of 60 per cent. The furlough scheme, which currently covers 80 per cent of the wages of laid off employees up to £2,500 a month, will be reduced to 60 per cent, and will also be available to top [...]
British startups call on Treasury to change terms of Future Fund May 11, 2020 Some of Britain’s most successful startups are being locked out of the government’s coronavirus Future Fund and are calling on the Treasury to change the terms. More than 30 founders of Britain’s brightest startups have written to the Treasury asking them to modify the terms of the loan scheme. They want startups without a UK [...]
The City View podcast, from City A.M., with Shaun Bailey May 11, 2020 In this episode Christian talks to the Conservative candidate for Mayor of London, Shaun Bailey. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Bailey launches a stinging criticism of the Mayor, Sadiq Khan, for “being too slow” in leading the capital’s response to the pandemic. He also warns the Mayor [...]
Tech firms must now show they’re serious about building trust May 11, 2020 The pandemic lockdown has supercharged the already dizzying speed of technological change. In six weeks we’ve come to accept a world where the office has become Zoom, the classroom Google and the theatre YouTube. Neighbours support each other through Slack channels. The dying say their farewells on FaceTime. And with little prospect of significant changes [...]
