The City View podcast, from City A.M., with Miles Celic April 28, 2020 In this episode Christian is joined by Miles Celic, chief executive of The City UK – the membership group for financial and professional services, a sector accounting for 10 per cent of the UK’s economic output. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS The sector is also under intense [...]
Royal Statistical Society appoints new chief executive April 28, 2020 The Royal Statistical Society (RSS) has appointed former Nesta executive director Stian Westlake as its next chief executive, the organisation announced today. The RSS is the UK’s membership body advocating for the importance of statistics and data. Launched in 1834, it is a professional organisation for statisticians. The economist Thomas Malthus was a founder and [...]
Coronavirus: Almost 40 per cent of UK firms expect to cut staff April 28, 2020 Roughly 40 per cent of UK firms expect to lay off staff over the next 12 months, a survey has shown, raising the prospect of many more job cuts in the UK economy. UK unemployment has already surged as coronavirus lockdown measures cause businesses to close or cut costs significantly. Close to 1m people made [...]
Zoopla: £82bn of UK house sales on hold as transactions set to halve in 2020 April 28, 2020 Hundreds of thousands of property transactions have been put on hold as the UK housing market freezes up during the coronavirus lockdown, with house sales set to fall 50 per cent this year. Roughly 373,000 property transactions with a total value of £82bn are on hold after the government put in place strict coronavirus restrictions, [...]
Coronavirus business loans: Liberal Democrats leader calls for ‘loan marketplace’ April 27, 2020 The Treasury should create a “loan marketplace” to better facilitate the coronavirus business loan scheme, according to Liberal Democrat leader Ed Davey. Davey today called for the government to create a website for businesses to browse a wide range of emergency loan options from different banks, similar to websites such as Compare the Market does [...]
UK banks ease coronavirus business loan requirements April 27, 2020 The UK’s biggest banks have said they will ease their lending conditions to make it easier for small businesses to access cash through the coronavirus business loan schemes, after chancellor Rishi Sunak offered 100 per cent guarantees to the smallest businesses. The coronavirus business interruption loan scheme (CBILS) has been criticised by many firms who [...]
Lloyds gives staff at risk stay of execution during coronavirus pandemic lockdown April 27, 2020 Lloyds Banking Group has given staff in redundancy an extra month of breathing space during the coronavirus lockdown. The bank said last month it would pause plans to cut 780 jobs during the crisis. However, those already going through the redundancy process faced an unknown fate, with one source telling City A.M. they feared Lloyds [...]
Michael Gove: Brexit trade deal by 31 December ‘entirely possible’ April 27, 2020 Michael Gove has said a post-Brexit free trade deal between the UK and EU is “entirely possible” before 31 December and is “better than 2/1” odds to happen. Gove said today that the firm deadline would “concentrate minds” and would not be changed, despite the coronavirus crisis. There has been sustained calls for the 31 [...]
Gambling firms pull TV and radio advertising during Covid-19 lockdown April 27, 2020 The UK’s major gambling and betting firms today said they will remove all TV and radio advertising for the remainder of the Covid-19 lockdown. Existing ad slots will be replaced by safer gambling messages, donated to charities or removed from broadcast for at least six weeks. The decision is aimed at protecting customers during the [...]
UK ‘on track’ to reach 100,000 coronavirus tests target by Thursday April 27, 2020 Health secretary Matt Hancock has said the UK is on track to reach 100,000 coronavirus tests a day by Thursday, despite only testing 37,000 people yesterday. Speaking at today’s press briefing, Hancock said “we are broadly where we expected to be” on testing. There were 37,024 Covid-19 tests administered yesterday, which was a marked increase [...]
