Business groups warn London lockdown would ‘crumble’ capital as mayor calls for support October 15, 2020 A London lockdown would “crumble” businesses and turn the capital into a “ghost town”, leading business bodies have warned City A.M, as fresh restrictions are likely to be imposed on the city in the next few days.
Pay attention, London: Nicola Sturgeon’s spat with Alex Salmond could scupper her mission to break up the UK October 15, 2020 At a time when Londoners are all focusing on the latest lockdown restrictions, wondering what will become of our jobs, and asking if Trump or Boris will still be in post this time next year, does anyone other than expat Scots care who wins the stair-heid rammy between Nicola Sturgeon and Alex Salmond? But care [...]
A message to Rishi from entrepreneurs: Forget tax hikes and let the go-getters get going October 15, 2020 Rishi Sunak certainly deserves praise for his response to the pandemic — so far. Because, as his recent statement to the Commons showed, the real test has only just begun. We have seen the chancellor take decisive action to avoid a bonfire of jobs, and he clearly has his eyes on the future. His speech [...]
City law firms repay furlough cash following strong business during pandemic October 14, 2020 Several large British law firms have handed back government furlough cash after seeing stronger-than-expected business during the pandemic. Square Mile-based firms Norton Rose Fulbright, Osborne Clarke and Herbert Smith Freehills have all paid back wage subsidies handed out by the chancellor, following strong demand for their legal services during the coronavirus crisis. Chancellor Rishi Sunak [...]
Rishi Sunak to urge debt relief for weaker global economies October 14, 2020 Chancellor Rishi Sunak will today urge global governments to ease the debt burden on the poorest countries affected by coronavirus as he meets leaders to discuss cooperation. Sunak will discuss a global action plan for the months ahead with G20 counterparts today. He will then join an annual meeting of the International Monetary Fund (IMF) [...]
Hargreaves Lansdown founder: Now is a ‘fantastic’ time to start a business October 13, 2020 One of Britain’s richest businessmen has urged people to embrace their entrepreneurial spirit and set up new companies in the wake of the coronavirus pandemic. Peter Hargreaves, the founder of investment firm Hargreaves Lansdown, said that despite the damage done to many firms by the pandemic, it had also created new opportunities. “Right now is [...]
East London Liquor: Craft doesn’t have to mean expensive, as indie distiller toasts Tesco and Co-op deals October 13, 2020 East London Liquor Co boss: Craft alcohol doesn't have to mean expensive, as indie distiller toasts Tesco and Co-op supply deals
IMF: Covid cases and support cutbacks threaten global recovery October 13, 2020 The global economic recovery is under threat from the resurgence of coronavirus and governments withdrawing economic support too early, the International Monetary Fund (IMF) has warned. IMF chief economist Gita Gopinath said the crisis is “far from over” and will “likely leave scars”. She said the global economy’s total loss of output would could amount [...]
Coronavirus: London escapes new restrictions, but City Hall says it won’t last October 12, 2020 London will not have any new Covid restrictions imposed on it, after Prime Minister Boris Johnson today outlined a new three-tier alert system. However, Sadiq Khan has warned this could change within days. London will be put into the lowest level category, medium risk, meaning that the current restrictions will remain the same. Read more: [...]
Hospitality firms face ‘worst of both worlds’ without more support October 12, 2020 Hospitality firms have warned that pubs and bars in “tier one and two areas” will have “the worst of all worlds” as they will have to keep trading without the financial support available to those businesses forced to close. Today Merseyside was placed under “tier-three” restrictions, which will see pubs and bars shuttered unless they [...]