Johnson is ‘asleep at the wheel’, says Labour’s Starmer June 29, 2020 Prime Minister Boris Johnson has been too slow at making decisions during the coronavirus crisis, Labour leader Sir Keir Starmer said today. “I think the Prime Minister has been asleep at the wheel, he has been slow, the comms, the communications has been terrible,” Starmer told ITV. “It began to break down frankly when Dominic [...]
CMA chair Tyrie was ‘forced to step down’ after row with directors June 28, 2020 The chairman of the UK’s competition watchdog was forced to step down three years early after a stand-off with the firm’s chief executive, according to reports. Lord Tyrie, who last week announced he would stand down as chairman of the Competition and Markets authority (CMA) in September three years earlier than planned, had fallen out [...]
Marston’s warns of uncertain outlook ahead of pub reopenings June 26, 2020 Marston’s warned its financial outlook in the short term is uncertain as it looks to reopening pubs and restaurants from next week. The figures The pub operator said the coronavirus outbreak had a material impact on revenues estimated at around £40m. It took a hit to profit as it reported a £9.4m profit before tax [...]
Crypto AM’s community play their part in the war against COVID-19 June 25, 2020 Ever since the Crypto AM Awards 2020 on the 11th March and the subsequent lockdown enforcement, it was clear that the new normal required new and lateral thinking with the government’s clarion call for support in the war against the coronavirus COVID-19. Now, months later, I reached out to Crypto AM’s global community to hear [...]
US jobless claims: 1.48m more file for benefits as total hits 47m June 25, 2020 More than three months into the coronavirus crisis, millions more Americans are still filing for unemployment benefits each week. According to the US labour department, 1.48m people filed claims last week, marking a slowdown from the previous week’s figure of 1.54m. Economists had predicted a bigger drop to around 1.3m. While it marks the twelfth [...]
UK coronavirus death toll rises by 154 as Johnson lambasted for track and trace app June 24, 2020 A further 154 people in the UK have died after contracting coronavirus, the Department for Health and Social Care announced, as Prime Minister Boris Johnson was accused of misleading the public over the UK’s trace and trace app in the Commons this lunchtime. The 154 coronavirus-related deaths announced today takes the total number of Covid-19 [...]
Businesses must avoid becoming the avoided June 24, 2020 On top of a tragic human toll, the COVID-19 pandemic has battered businesses – especially small ones. This is evidenced by the United Kingdom’s April 2020 gross domestic product, which experienced its largest drop in a single month in history, falling 20.4%. As restrictions stemming from the pandemic lift and people emerge from their homes [...]
London’s nightclubs and casinos slam ‘suicidal’ new coronavirus guidelines June 24, 2020 London’s nightclubs and casinos have slammed Boris Johnson’s decision to exempt them from a list of venues allowed to reopen in July as “suicidal”, and urged the government to provide financial support to prevent further redundancies in the sector. The Prime Minister yesterday announced that pubs, bars, restaurants, hotels, theme parks, galleries and hairdressers will [...]
CMA clears Amazon’s £442m Deliveroo stake despite delivery firm’s coronavirus turnaround June 24, 2020 Britain’s competition watchdog has provisionally cleared Amazon’s £442m investment in Deliveroo, saying that it is “not likely to result in a substantial lessening of competition”. The Competition and Markets Authority has been looking into whether the deal would damage competition in either restaurant delivery or online convenience grocery delivery. The decision to let the investment [...]
Boxpark chief: Rent crisis could be disastrous for London hospitality June 24, 2020 On a normal, pre-lockdown night just a short walk from Liverpool Street, Boxpark Shoreditch would usually be buzzing with small retailers and rooftop bars packed full. As anybody who has walked through the area recently will know, though, an eerie silence has fallen on that particular corner of Shoreditch – just as it has at [...]