Sadiq Khan: There will be no swift return to normality for TfL May 6, 2020 The Covid-19 health crisis has led to thousands of Londoners losing their lives with grief, anxiety and anguish touching too many lives. Many businesses and livelihoods have been adversely affected. It has also had a profound impact on public transport in London – and will continue to do so long into the future. Since the [...]
The City View podcast, from City A.M., with Adam Smith Institute director Eamonn Butler May 6, 2020 In this episode Christian is joined by economist Eamonn Butler, co-founder and director of the Adam Smith Institute. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Butler is an advocate of easing the lockdown and warns that the economic impact of the current restrictions will get worse (and harder to [...]
Regulator calls for early interventions in poor audits to help stop scandals May 6, 2020 The audit regulator today called for accountancy firms to flag poor quality audits sooner to help prevent corporate scandals. The Financial Reporting Council (FRC) said tools for spotting signs of poor quality audits should be used more effectively, following a major review of their use. Last year all of the UK’s leading accounting firms failed [...]
Alan Sugar told to brush up on ad rules over teeth whitening tweet May 6, 2020 Lord Alan Sugar has been given a ticking off by the advertising watchdog for failing to make it clear that his tweet about a teeth whitening kit was an advert. In a tweet posted in December the Apprentice star shared a link to a Stylsmile teeth whitening product, stating: “If you know someone who’s longing [...]
Norman Lamont: Britons not prepared for the economic hardship ‘around the corner’ May 6, 2020 Former chancellor Lord Norman Lamont has warned the government’s furlough scheme has made people complacent and unaware of the coming economic hardship. Lamont, chancellor under Conservative Prime Minister John Major, said the scheme had lulled “people into a false sense of security” and that many do not realise “their jobs have disappeared or are about [...]
Workers should work ‘four days on, 10 days off’ to ease coronavirus lockdown May 5, 2020 The government should tell businesses to enact a “four days on, 10 days off” policy for workers once the coronavirus lockdown is eased, according to one of the UK’s leading chemical biologists. Chair of chemical biology at Imperial College London Professor Keith Willison, writing for the neoliberal think tank Adam Smith Institute, said this cyclical [...]
Government scientist resigns after breaking lockdown to meet his lover May 5, 2020 Government scientist, Professor Neil Ferguson, has resigned from his advisory position after the Telegraph revealed he had broken social distancing rules to meet his married lover. Professor Ferguson, who leads a team at Imperial College London, reportedly allowed a woman to visit him in lockdown while advising the public to social distance. The epidemiologist had [...]
Hiscox launches share placing and predicts business interruption insurance hit of £10m to £250m May 5, 2020 Lloyd’s insurer Hiscox launched an equity placing of 20 per cent of its share capital and said its business interruption insurance exposure could range from £10m to £250m today. Based on its share price at close the placing could raise approximately £400m. Hiscox is facing potential legal action from a group of policyholders who say [...]
Dragon can leave Valley punters Happy in finale May 5, 2020 The highlight race of the afternoon at the Valley has to be the £200,000 Class 2 Camellia Handicap (3.50pm) over the extended mile. Both Dances With Dragon and Enrichment lock horns again having produced one of the most thrilling finishes of the Happy Valley season last month. On that occasion, Zac Purton, aboard Dances With Dragon, [...]
Barclays approves over 32,000 ‘bounce back’ loans May 5, 2020 Barclays has approved over 32,000 “bounce back” loans since the scheme was launched yesterday. Yesterday, the bank said it received 35 loan applications per minute when the government launched the new scheme. Barclays UK chief executive Matt Hammerstein told a House of Commons committee that the bank had received 200 applications within minutes of opening [...]
