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Mike Ashley’s Frasers Group withdraws income guidance on Tier 4 news December 21, 2020 Frasers Group has withdrawn its published guidance of a 20 per cent to 30 per cent underling improvement in EBITDA in the wake of the latest coronavirus restrictions.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 [...]
Christmas cancelled for London as capital enters “Tier 4” December 19, 2020 Christmas has been effectively cancelled for those living in London and the southeast of England after a new, more infectious strain of coronavirus has spread throughout the region. The capital and southeast England will enter a new ‘Tier 4’ from tomorrow morning, that will see households locked down and non-essential retail closed, mimicking the rules [...]
Government urged to increase support for retail firms after EU State Aid rule changes December 18, 2020 The government has been urged to increase the financial support available to retail and hospitality businesses after the European Commission confirmed that the UK is able to apply a revised state aid framework. The EU said earlier this week that the UK can implement the revised Covid-19 State Aid Temporary Framework, which increased the limit [...]