England’s coronavirus hospital death toll sees smallest rise since March May 4, 2020 England’s coronavirus hospital death toll rose 204 to 21,384 today, the lowest daily increase since late March. NHS England said that three of the 204 patients who died from coronavirus had no underlying health conditions. The UK has recorded 187,842 confirmed cases and 28,446 deaths, according to Johns Hopkins University data. Last week, Prime Minister [...]
Environmental protestors target HS2 London sites May 4, 2020 Environmental protestors have this morning targeted HS2 sites across London, including at Euston station, saying that money from the project should be funnelled to the NHS instead. As part of a day-long action against the controversial rail project, protestors are blockading sites across London, including at Colne Valley, a natural park in west London. At [...]
Coronavirus: Rail unions warn against increasing rail services May 4, 2020 The UK’s three rail unions have urged Boris Johnson’s and other regional leaders to not implement a blanket increase of train services as the coronavirus lockdown eases. The trio of unions said they would “not accept new working patterns that put the lives of railway workers and passengers at risk” and that they “are not [...]
Coronavirus: Recovery is perfect timing for a UK green bond May 1, 2020 This unprecedented public health crisis is placing an almighty toll on UK finances. Estimates vary but the UK government will be borrowing hundreds of billions by year-end, many businesses are suffering despite the extensive support offered and several years of record low unemployment are now at risk owing to this terrible virus. It is right [...]
A new economic era beckons after this crisis April 29, 2020 Current events likely mark a turning point in economic policy and the end of a 40-year spell of free market capitalism. Nobody can know how long the Covid-19 crisis will last, but I think that regardless of this it will mark a profound long-term change in economic policy. It is likely a turning point in [...]
Coronavirus: First Group receives £300m from Bank of England April 24, 2020 Transport operator First Group today announced it had received £300m from the Bank of England to help deal with the financial damage of the coronavirus pandemic. First is currently running its bus services at 40 per cent of normal capacity, although passenger numbers have dropped 90 per cent, the firm said. The company’s rail franchises [...]
Coronavirus: Transport for London to furlough 7,000 staff April 24, 2020 Tube operator Transport for London (TfL) will put 7,000 of its staff onto the government’s job retention scheme from Monday to cut costs during the coronavirus pandemic. Passenger number on TfL’s services have plummeted in recent weeks due to the coronavirus lockdown, as all but essential workers have taken to working from home. According to [...]
What’s happening to dividends and what next? 11 questions answered April 23, 2020 Nick Kirrage, co-head of the Value team, and Sean Markowicz, part of the Research and Analytics team, chatted with us about the future of dividends and buybacks. With so many investors reliant on dividends to boost their income or support their retirement we wanted know what’s happening now, whether investors should be concerned and what [...]
Transport for London ‘in line for Tube bailout’ April 22, 2020 Urban transport operators including Tube operator Transport for London are in line for government bailout as the complete collapse in passenger numbers due to coronavirus raised questions over their survival. The Financial Times reported that Whitehall officials said that emergency funding could be released by the end of the week following negotiations. Passenger numbers have [...]
Coronavirus: A lockdown exit strategy to save the economy April 20, 2020 Releasing people aged 20-30 years-old who no longer live with their parents could provide the first step out of lockdown in the UK, researchers suggest. The strategy could help policymakers to balance the health risks associated with COVID-19 and the need to avoid an “extraordinary recession”. The UK is currently locked down in an attempt [...]