After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
No set timescale for two-metre social distancing review June 15, 2020 There is no set timescale for the government’s review into the two-metre social distancing rule in England and a decision is “weeks away”, according to Downing Street. The Prime Minister’s official spokesman told journalists today that it would be a “comprehensive review”, but gave few details on what would be included. “It will be a [...]
Treasury mulls over temporary VAT cut to boost economy June 15, 2020 Chancellor Rishi Sunak is considering a temporary VAT cut to help boost consumer demand and confidence. The Treasury is considering either a blanket cut in VAT or a more targeted reduction in a bid to stimulate the faltering economy. The measure would mirror the temporary VAT cut taken by former chancellor Alastair Darling during the [...]
Over 1m ‘locked out’ of coronavirus income support schemes, MPs warn June 15, 2020 The government must extend its coronavirus income support measures to cover over a million people who have “fallen through the gaps” in the schemes, MPs said. In a report published this morning, the influential Treasury Select Committee (TSC) said large numbers of people were suffering financial hardship because they are unable to benefit from the [...]
Three in ten independent retailers to stay shut today June 15, 2020 Thirty per cent of independent retailers are planning to keep their doors closed today, as lockdown restrictions ease and allow some shops to reopen. Just over a third of stores predicted they would be trading at pre-lockdown levels by December 2020, rising to 56 per cent who felt they would be back to normal by [...]
Coronavirus death toll in UK rises by lowest since lockdown began June 14, 2020 The death toll in the UK from confirmed cases of coronavirus has risen by 36 to 41,698, the government said today. The increase is the lowest recorded since 22 March, the day before Prime Minister Boris Johnson implemented lockdown measures. The daily tally of deaths related to Covid-19 usually dips over the weekend due to [...]
Rishi Sunak goes shopping as retail prepares to reopen June 14, 2020 Rishi Sunak visited a Waterstones yesterday as retail businesses across England prepare to reopen tomorrow. Sunak inspected some of the safety measures that the bookstore had implemented, such as screens between checkout workers and customers. England’s 7,000 high streets will open tomorrow as a part of the government’s easing of the lockdown. All shops that [...]
Robert Jenrick in further ties with property tycoon Richard Desmond June 14, 2020 Further links housing secretary Robert Jenrick and property tycoon Richard Desmond have been revealed in light of the government’s controversial decision to approve a £1bn housing development. The Observer reported today that Jenrick held a background briefing on his work to reform the UK’s planning system at an event hosted by public relations firm Thorncliffe, [...]
Rishi Sunak: Government to take ‘fresh look’ at two-metre rule June 14, 2020 Rishi Sunak has said the government would take a “fresh look” at its two-metre social distancing rule in a review. The chancellor confirmed there would be a “comprehensive review” of the rule as pressure increases from businesses to change it to one-metre. Hospitality bodies have lobbied the government for the change, with businesses worried the [...]
OECD: UK economy to take world’s biggest hit from Covid-19 June 10, 2020 The UK will suffer the largest economic hit from the coronavirus pandemic among major nations this year, the Organisation for Economic Cooperation and Development (OECD) has warned. Predicting that the UK economy could contract between 11.5 and 14 per cent in 2020, the organisation said Covid-19 represents the biggest peacetime economic downturn in a century [...]
Get the Bank of England focused on the real economy June 10, 2020 Economic policy is returning to its usual position of prominence. Fears of a major rise in unemployment are starting to worry the government more than fears around Covid-19. The chancellor’s imaginative schemes concerning furlough and other measures to protect jobs create potential problems elsewhere. So much money is being borrowed that the ratio of public [...]