London house market set for £52bn post-lockdown splurge as transactions stall May 11, 2020 London property buyers could be set to splurge £52bn once the lockdown is lifted due to huge pent-up demand as coronavirus brings the market to standstill. The figure represents the potential spend for residential buyers and marks a 20 per cent increase on the same time last year. It comes as the number of lost [...]
Small businesses call for furloughed workers to return to work May 11, 2020 Staff should be allowed to return to work while furloughed to help improve the chances of their employer’s business of surviving the Covid-19 crisis, small businesses have said. In an open letter to chancellor Rishi Sunak, business owners said that while the job retention scheme had helped businesses avoid layoffs, the current plan meant employers [...]
Coronavirus: How business responded to Boris Johnson’s lockdown plan May 10, 2020 Business groups have welcomed Boris Johnson’s call for millions of people to return to work but called for clearer guidance on how to maintain safety standards and support furloughed employees. In a speech this evening Johnson said that anyone who cannot work from home — such as those in construction and manufacturing — should be [...]
Boris Johnson sets out new Covid-19 alert levels for lockdown exit May 10, 2020 Prime Minister Boris Johnson has unveiled a new Covid-19 alert system that will measure the level of risk from the pandemic and determine the UK’s lockdown exit strategy. In a speech this evening Johnson said the Covid Alert Level will be determined primarily by the reproductive rate of the virus — known as R — [...]
Coronavirus lockdown: Boris Johnson tells millions to get back to work May 10, 2020 Thousands of workplaces across England have been told to open up from tomorrow and people will be able to spend more time outside from Wednesday, after Boris Johnson outlined the government’s three-stage roadmap for easing the coronavirus lockdown. The Prime Minister said during a pre-recorded address tonight that “anyone who can’t work from home” such [...]
Lifting the lockdown: Boris Johnson’s speech in full May 10, 2020 On Sunday evening the Prime Minister Boris Johnson addressed the nation, outlining the steps Britain will take as the coronavirus lockdown lifts. Below is the transcript of his speech. It is now almost two months since the people of this country began to put up with restrictions on their freedom – your freedom – of [...]
Captain Tom Moore to be honoured with City of London award May 10, 2020 The 100-year-old who captured the nation’s heart Captain Tom Moore will be awarded the Freedom of City of London award next week. Moore has raised more than £33m for the NHS during the coronavirus crisis by doing laps of his backyard on his walking frame. The World War II veteran, who has been tipped by [...]
Colombian billionaire Jaime Gilinski beefs up Metro Bank stake May 10, 2020 Colombian tycoon Jaime Gilinski has tightened his grip on Metro Bank after ramping up his stake in the troubled lender. Gilinski, formerly the largest investor in TSB’s Spanish owner Sabadell, has increased his holding to nine per cent, the Sunday Times reported. In December the mogul, who holds his stake through British Virgin Islands-based Spaldy [...]
Obama: Donald Trump’s coronavirus response a ‘chaotic disaster’ May 10, 2020 Barack Obama has labelled Donald Trump’s response to the coronavirus crisis as a “chaotic disaster” in a private conference call to former staff. The former President was on the call to urge the former members of staff to join the Joe Biden presidential campaign, according to CNN. Trump has been widely criticised for his handling [...]
TfL seeking a £2bn bailout from central government May 10, 2020 Transport for London (TfL) is seeking a £2bn bailout from the government after its finances have been plunged into dire territory by the coronavirus crisis. TfL bosses, including London mayor Sadiq Khan, are in talks with Whitehall to secure the emergency funding after the crisis has left the body with just £1bn in the bank, [...]
