Next year brings hope, but we’re not out of the woods yet December 21, 2020 As we approach the end of a year most of us would prefer to forget, Londoners have been dealt a fresh blow with news that the capital has been placed under the highest level of coronavirus restrictions. The new Tier 4 rules mean people should only go out for exercise or to travel for work, [...]
D&D owner: Tax supermarkets to bail out bars and restaurants December 21, 2020 In his second City A.M. column, D&D London CEO and cofounder Des Gunewardena reflects on the “horror show” of the last week, asks the government to consider a Covid-tax to help struggling restaurants, and offers his empty venues up as Covid vaccination stations. We have had some bad weeks during this pandemic, but last week [...]
Retailers feel Tier 4 pain as footfall drops 40 per cent December 21, 2020 Retail footfall plunged by 40 per cent in the areas of England put under Tier 4 restrictions such as London, laying bare the impact of the restrictions on shop-owners during the crucial Christmas period. Prime Minister Boris Johnson on Saturday announced London and parts of the south and south east of England would go into [...]
Naughty or nice: Which businesses pleased or peeved Santa in 2020? December 21, 2020 Which businesses stood out this year for going above and beyond for customers and staff, and which will be remembered less favourably for their pandemic policies? The last year has certainly been one that will not be forgotten. The last 12 months have been widely been touted “the worst ever” by people around the world, [...]
Mike Ashley’s Frasers Group withdraws income guidance on Tier 4 news December 21, 2020 Frasers Group has withdrawn its published guidance of a 20 per cent to 30 per cent underling improvement in EBITDA in the wake of the latest coronavirus restrictions. Due to the closure of almost all stores in London and the southeast during the year’s peak retail trading period, Frasers Group said it was withdrawing the [...]
FCA fines fall by half in 2020 as Covid takes hit on enforcement December 21, 2020 The Financial Conduct Authority handed out £183.6m worth of fines this year, more than half the total bill in 2019. The number of fines has fallen too, from 21 to just ten. Lawyers believe the slowdown is due to the pandemic disrupting enforcement activities, not least the FCA’s ability to conduct witness and suspect interviews. [...]
Business confidence surged on vaccines before new lockdowns December 21, 2020 The start of the UK’s coronavirus vaccination programme drove up business confidence to a nine-month high in December, a survey has shown. However, the Lloyds business barometer gave a picture of businesses’ attitudes before the government tightened the lockdown rules over Christmas, bringing new uncertainty to firms. Prime Minister Boris Johnson on Saturday announced London [...]
Tier 4 lockdown until widespread vaccine rollout, Health Secretary warns December 20, 2020 Matt Hancock has warned that an effective lockdown across London and the South East will continue until a sizable part of the population is vaccinated. Speaking to Sky News this morning, Hancock warned that the new variant of the Covid-19 virus was “out of control.” “Given how fast the variant spreads it is going to [...]
Mayor blasts “irresponsible promises” from No.10 amid Tier 4 chaos December 19, 2020 Sadiq Khan tonight criticised the Government’s “irresponsible promises” for raising expectations ahead of the Christmas period. In a dramatic afternoon statement, Prime Minister Boris Johnson announced London would be moving into a lockdown similar to that saw in spring, from midnight tonight. It means that the capital’s residents will no longer be able to meet [...]
London in Tier 4: What are the rules? December 19, 2020 London, the South East and the East of England have been put into a new ‘Tier 4’ in a bid to contain a new spike in coronavirus cases. Christmas for those living in the affected areas has been essentially cancelled, with harsh restrictions imposed on the areas and families warned not to mix households. The [...]