Before the Bell: Coronavirus mutation unsettles the market as London faces Tier 3 December 15, 2020 European markets underwent a rather mixed session yesterday, with the FTSE100 underperforming after it was announced that London and a good part of the south east of England was being put into tier 3 restrictions at midnight tonight, due to a new strain of the coronavirus which was spreading at a faster rate. “This of [...]
London moves into Tier 3: what does this mean for travel? December 14, 2020 The government has announced this afternoon that London will be moving from Tier 2 into Tier 3, following a substantial rise in Covid infections in the city. This announcement will have an impact on people travelling in and out of the city over Christmas. Domestic travel Domestic travel between different cities within the UK is [...]
Sadiq Khan: London’s hard-hit businesses need more support in Tier 3 December 14, 2020 The Mayor of London, Sadiq Khan, responds to the news that London is set to enter Tier 3 restrictions from Wednesday. The Government has decided to move London into Tier 3 from one minute past midnight on Wednesday morning. This is incredibly disappointing for our businesses who have suffered so much already this year. But [...]
Capital Punishment: London to enter Tier 3 on Wednesday December 14, 2020 London is set to enter Tier 3 from midnight tomorrow, as the government scrambles to contain a sharp spike in coronavirus cases in the capital. The capital will enter the highest level of restrictions at 0.01am on Wednesday morning, the health secretary has announced. Parts of Essex and Hertfordshire including Basildon, Brentwood, Chelmsford, Epping Forest [...]
‘I just feel like crying’ – chefs react to ‘cruel’ Tier 3 restrictions December 14, 2020 London restaurateurs and chefs reacted with frustration and despair at the “cruel” news London will enter Tier 3, a period of virtual lockdown that will see bars and restaurants closed until the new year. Unlike the first lockdown, Tier 3 allows non-essential shops to remain open, adding to criticism from the hospitality sector that it [...]
Michel Barnier warns MEPS of short no-deal Brexit period even if deal closed this year December 14, 2020 Brussels’ chief Brexit negotiator Michel Barnier has warned MEPs today that there could still be a short period where the UK and EU have to operate on no-deal terms even if a trade deal is struck before 31 December. Barnier reportedly told an emergency meeting with MEPs this morning that there may not be enough [...]
City of London to host ‘back to work’ week in bid to revive Square Mile December 14, 2020 The City of London will call on office workers to return to the Square Mile in a “back to work” week in April, in a bid to help resuscitate the bars, restaurants and hospitality venues hammered by empty streets during the pandemic. William Russell, lord mayor of London and a former Merrill Lynch investment banker, [...]
Sadiq Khan urges PM to shut all London schools as cases spiral December 14, 2020 Sadiq Khan has called on the government to consider shutting all schools and colleges in London until January, following a “significant” spike in coronavirus cases among teens. In a letter to Boris Johnson, the mayor of London said “urgent consideration must… be given to closing secondary schools, sixth form and FE colleges a few days [...]
Before the Bell: Deadlines come, and deadlines go December 14, 2020 Uncertainty over the prospect of a stimulus deal or economic aid package saw US markets finish last week on the back foot, as US politicians once again put party politics ahead of the people they are supposed to represent. “With a deadline fast approaching by year end US lawmakers are once again split down the [...]
We must all work together to stay safe and keep London out of Tier 3 restrictions December 14, 2020 With the festive period now underway and a Covid-19 vaccine being rolled out across the country, this feels like the light at the end of the tunnel for many people. I am proud to say that this includes some of the Square Mile’s older, most vulnerable residents, many of whom have endured a tough year [...]