From today London is in Tier 2: Do you know all the new rules? December 2, 2020 The covid-19 restrictions have been strengthened since before the lockdown, so what are the new rules for work, home and socialising now that London's in Tier 2
Revolut offers UK customers the opportunity to be paid a day early December 2, 2020 Revolut is now offering its customers the opportunity to be paid a day early in a move that will prove popular as people struggle with pandemic uncertainty. Revolut customers that receive a salary payment via Bacs credit – which the majority of the population does – will be able to access their salary a day [...]
Tis the season for retailers to rethink the Christmas chaos December 2, 2020 Today, Wednesday 2 December 2020, is likely to be like no other for retail. A month after many retailers were obliged to close at the very moment they would be expecting to enjoy their busiest time of year, and with just three weeks to go before the big day — Christmas — itself, they are [...]
Cath Kidston returns to the high street with flagship Piccadilly store December 2, 2020 Cath Kidston has this morning opened a flagship store in Piccadilly, which will be its only physical branch after the retro-inspired retailer fell into administration earlier this year. The retailer closed all of its 60 UK stores in April, resulting in the loss of 900 jobs, after its Hong Kong private equity owner Baring appointed [...]
Business bodies warn that three-quarters of pubs, bars and casinos could go bust under new tier system December 1, 2020 The UK’s leading business bodies have slammed MPs’ decision to vote the new tier system in place from midnight tonight as the “nail in the coffin” for many businesses, warning that it will cause three-quarters of night-time venues to shut forever. The Prime Minister this evening fought off the largest Tory backbench rebellion in his [...]
FTSE 100 and Wall Street chase record highs as vaccine hopes boost markets December 1, 2020 The FTSE 100 logged its best session in three weeks today while Wall Street hit record highs as markets continue to ride a wave of vaccine optimism. The blue-chip bourse closed up 1.9 per cent, while the FTSE 250 midcap index rose by 2.6 per cent. It comes after the FTSE recording its biggest gain [...]
Covid restrictions: PM gives London’s ‘wet pubs’ who cannot open £1000 each December 1, 2020 All London pubs that cannot open tomorrow when Covid restrictions are eased will be given £1,000. London’s pubs can only open tomorrow if they are able to offer “substantial meals” to punters, meaning that scores of venues will stay closed in the lead up to Christmas. Boris Johnson made the announcement at the start of [...]
Debenhams closure: Timeline of department store chain’s collapse December 1, 2020 Department street chain Debenhams announced this morning that it is preparing to close down after failing to attract a buyer, but the former high street giant’s problems stretch back over several years. Earlier this year the struggling retailer entered administration for the second time in 12 months, even before Covid-19 forced it to close its [...]
Government agrees £825m loan to finish Crossrail December 1, 2020 The government has agreed a £825m loan to finance the completion Crossrail train link, Grant Shapps today announced. Writing on Twitter, Shapps said that the loan was a “fair dal for taxpayers across the UK”. The loan takes the total cost of the project, which has been plagued by difficulties over its lifespan, to £18.6bn. [...]
Topshop owner Arcadia collapses putting 13,000 jobs at risk December 1, 2020 Sir Philip Green’s retail empire Arcadia, the owner of Topshop and Dorothy Perkins, has collapsed into administration, putting more than 13,000 jobs at risk. The company, which has become the biggest retail casualty of the coronavirus crisis, announced this evening that it has appointed Deloitte as administrator. More than 13,000 jobs are at risk following [...]