Rishi Sunak unveils self-employed economic relief package March 27, 2020 The government has upped its response to the coronavirus crisis by vowing to pay low and middle income self-employed workers 80 per cent of their average monthly profits in a package expected to cost the Treasury £9bn. Chancellor Rishi Sunak announced the much anticipated relief package yesterday, giving self-employed workers the same support announced for furloughed payrolled workers last week. Sunak [...]
The capital is key to rebuilding the economy March 27, 2020 Nothing since the three-day week has so disrupted British daily life as the Covid-19 pandemic, and it is hard, sometimes, to imagine a world after it. Even the optimistic projections have us stuck at home — or worse, in hospital — for weeks if not months on end. But right on cue the Global Financial [...]
Debate: The government has suspended gender pay gap reporting this year — but should it be scrapped? March 27, 2020 Businesses have been told they do not have to report on their gender pay gaps due to the coronavirus outbreak. With 12 months until they have to report again, City A.M. asks whether it should be scrapped altogether. Yes, says Annabel Denham, director of communications at the Institute of Economic Affairs The decision to suspend [...]
Climate activists: Prepare to win the peace after the coronavirus war March 27, 2020 Winston Churchill may have won the war, but Clement Attlee won the peace. The pill that Churchill swallowed was bittered by the fact that his victory had paved the way for Attlee’s. Without the spirit forged by the collective efforts of wartime, there would have been little appetite to build Attlee’s welfare state when peace [...]
Pursuing purpose, not profit, could help businesses grow a bigger pie for all of us March 27, 2020 The coronavirus crisis is highlighting one of the most fundamental tensions that business leaders face: do they pursue purpose or profit? Sainsbury’s chose purpose. They’ve reserved the first hour on every Monday, Wednesday, and Friday for elderly and vulnerable customers, and are giving them priority access for online delivery slots. The supermarket is also limiting [...]
We need Alan Turing’s innovative mindset to make it through coronavirus March 27, 2020 Alan Turing designed the curiously named Bombe machine during the early stages of World War II. A forerunner to the computer, the Bombe was able to rapidly intercept messages, quickly decode them, and thereby allow allied forces to react within hours rather than weeks. Stories from the world of codebreaking today bring to vivid life [...]
Employer confidence plunges as coronavirus crisis escalates March 27, 2020 UK employer confidence in the economy plummeted as coronavirus spead across the country, driven by a dive in sentiment among small businesses, according to the latest research. Confidence dropped 22 percentage points between February and March from a net figure of minus one to minus 23, as smaller firms were hit hard by the economic [...]
Now that coronavirus has closed our pubs, fancy heading online for a pint? March 27, 2020 Adland is a sociable place. Creative ideas are often sparked by chance conversations and unexpected influences. That’s why our people work closely together and why we’ve just opened our lovely, sunny new space at the Tea Building in Shoreditch. It’s got the latest technology, colourful rugs, comfy chairs and nice big windows. But thanks to [...]
Coronavirus: Car industry warns UK could produce 200,000 fewer cars this year March 27, 2020 The Society of Motor Manufacturers and Traders (SMMT) has warned that the coronavirus outbreak could see the UK produce 200,000 fewer cars in 2020, a fall of 18 per cent on last year’s total output. All of the UK’s car manufacturing factories are now on shutdown as the country complies by stringent restrictions designed to [...]
Huawei partners with Discover Film to embed streaming service on devices March 27, 2020 Huawei has signed a deal with Discover Film to embed the streaming service’s app in 100m mobile devices worldwide. The tie-up means the streaming platform will be pre-loaded onto Huawei Video alongside a selection of other video providers such as the BBC and Rakuten TV. Discover Film, which describes itself as the “Netflix for short [...]
