Inflation post Covid-19: to be or not to be? May 26, 2020 We spoke to two experts who argued the case for and against inflation in the near future and what it means for investments. Abdallah Guezour, Head of Emerging Market Debt and Commodities, and Keith Wade, Chief Economist, discuss the outlook for inflation in the midst of the Covid-19 crisis. Abdallah argues the case for inflation [...]
All the Tory MPs who have called for Dominic Cummings to go May 25, 2020 The Prime Minister is facing renewed pressure from Tory MPs to sack Dominic Cummings. Boris Johnson has stood by his adviser Dominic Cummings despite growing calls for his resignation after breaking lockdown rules. Number 10 initially batted off the Guardian and Mirror investigation into Cummings’ movements during lockdown as activities of “campaigning newspapers”. However, Tory [...]
Jaguar Land Rover in talks over government loan May 25, 2020 Jaguar Land Rover is reportedly in talks with the government to secure a loan due to the financial impact of Covid-19. The carmaker submitted the largest bespoke loan request of the coronavirus crisis to ministers in recent weeks, according to Sky News. Jaguar Land Rover has seen sales plunge by more than 30 per cent [...]
Project Birch: Government prepares rescue plan for largest British firms May 25, 2020 The Treasury has indicated it is prepared to rescue large British firms severely hit by the coronavirus crisis under its “Project Birch” bailout plan. It follows indications that a number of big British companies are seeking government aid to navigate through the crisis. These include Jaguar Rover, which is reportedly in talks with the government [...]
Boris Johnson backs Dominic Cummings over lockdown travel row May 24, 2020 Boris Johnson will not sack chief adviser Dominic Cummings for allegedly leaving London twice to travel to Durham during coronavirus lockdown. Speaking at today’s press briefing, the Prime Minister said Cummings acted “legally and reasonably” when he drove to Durham during the lockdown and that “his objective was to stop the spread of the virus”. [...]
Boris Johnson will lead daily press conference amidst Dominic Cummings saga May 24, 2020 Boris Johnson will lead today’s daily press briefing at 5pm as calls continue to grow for his chief adviser Dominic Cummings to resign. Johnson has so far stuck by Cummings despite mounting pressure from a group of Tory backbenchers for allegedly travelling from London to Durham twice during the coronavirus lockdown. A joint investigation by [...]
Tory MPs call for Dominic Cummings to resign May 24, 2020 A growing group of Conservative MPs are calling for Dominic Cummings to resign after he allegedly broke lockdown to travel to Durham twice. Steve Baker, Simon Hoare, Damian Collins, Sir Roger Gale, Peter Bone, Caroline Nokes and Craig Whittaker have all called for Boris Johnson’s chief aide to resign this morning after new evidence came [...]
Minister: ‘No definitive timeline’ for UK coronavirus test and trace app May 21, 2020 Home Office minister James Brokenshire has warned there is still no set date for the rollout of the UK’s coronavirus tracing app as NHS leaders warn that time is running out to get a track and trace system in place to stop a second peak. Brokenshire said this morning that there was “no definitive timeline” [...]
Easyjet to restart flights from 15 June, passengers to wear face masks May 21, 2020 Easyjet today committed to restarting some domestic flights from 15 June, with all passengers and crew required to wear face masks. The budget airline will resume a “small number” of flights mainly on domestic routes in the UK and France where “there is sufficient customer demand to support profitable flying”. Easyjet said it plans to [...]
BT bosses to waive millions in bonuses after dividend suspension May 20, 2020 BT’s top executives are said to be waiving cash bonuses for the next two years in a bid to appease investors following the company’s decision to suspend its dividend. Chief executive Philip Jansen and finance director Simon Lowth will defer their combined bonus payments of £2.2m for the next three years. They will also turn [...]