Regulator extends mortgage payment holiday ahead of lockdown November 2, 2020 The financial watchdog has proposed an extension of the mortgage payment holiday for borrowers struggling to make payments, ahead of a second national lockdown
Boris Johnson doubles support for self-employed during new lockdown November 2, 2020 Prime Minister Boris Johnson has announced a doubling of support for the self-employed during England’s new coronavirus lockdown and an extension of the deadline for government-backed business loans. Johnson addressed the House of Commons this afternoon after announcing a month-long lockdown on Saturday. MPs will vote on the new measures on Wednesday, with both Labour [...]
Keir Starmer lashes out at Rishi Sunak over second lockdown delay November 2, 2020 Labour leader Sir Keir Starmer has lashed out at chancellor Rishi Sunak, blaming him for blocking a “circuit breaker” lockdown in September and demanding that he do more to support the economy amid new restrictions.
Sadiq Khan pushes for extension on business rates holiday for retail, leisure and hospitality businesses November 2, 2020 London mayor Sadiq Khan has written to the housing secretary Robert Jenrick to request an extension to the business rates holiday for retail, leisure and hospitality businesses, which was due to end in March 2021. In a joint letter with the Chair of London Councils, Khan requested an extension to the rates holiday, which was [...]
Goldman Sachs and Deutsche Bank return London staff to home working November 2, 2020 Goldman Sachs and Deutsche Bank are to return non-essential staff in their London offices to home working ahead of the introduction of a new coronavirus lockdown in England on Thursday. Several major banks had been encouraging staff to return to their London offices in recent months following the relaxation of initial lockdown measures, but news [...]
Goldman Sachs and Citi slash UK GDP forecasts on news of second lockdown November 2, 2020 Goldman Sachs and Citi have sharply cut its economic forecasts for the UK in the fourth quarter following news of a fresh national lockdown in England to curb the second wave of coronavirus infections. In a client note, Goldman analysts said the US investment bank now expects UK GDP to shrink 2.4 per cent in [...]
Rishi Sunak: Financial support for self-employed people to increase November 2, 2020 Chancellor Rishi Sunak this morning said that self-employed people would be given extra support due to the onset of a new national lockdown. Speaking to the BBC, he said that the cap on current grant of 40 per cent of trading profits would be increased. The grant is paid out in a single instalment covering [...]
CBI deputy: A no-deal Brexit on top of coronavirus is ‘very, very worrying’ November 2, 2020 For a while in the summer it looked as though the CBI’s annual conference – a highlight of the business calendar which kicks off today – could be celebrating an economy on its way back to health. But a surge in coronavirus restrictions and new lockdowns across the country mean it is likely to be [...]
Airlines plead for emergency support as international travel banned November 1, 2020 The UK aviation industry has made fresh pleas for emergency financial support from ministers after international travel was banned for the duration of the new lockdown. From 5 November to 2 December, foreign holidays have been banned – as well as overnight stays in the UK. The decision is a hammer blow to the country’s [...]
What’s in store for the airline industry this winter? October 30, 2020 Although every industry has suffered due to the coronavirus pandemic, few have been as hard hit as the world’s airlines. At the beginning of the year, the idea of a world without global air travel was for most people a relic of a long-forgotten past, but seven months of extreme turbulence have flipped that notion [...]