Letters: Creative hospitality will thrive post-Covid December 13, 2021 [Re: Party’s over, Nov 8] Business travellers cancelling trips following the government’s Plan B guidance is another blow to the hospitality industry. After a tough 18 months, this Christmas period was set to be a highlight for London’s hotels. If that won’t be the case, the industry needs to find alternative solutions to stay afloat. [...]
Omicron to drive markets amid busy week of economic data December 12, 2021 Once again, Omicron news is set to drive sudden reactions from investors amid a busy week of closely watched economic data. Sentiment is more muddled due to uncertainty over the extent the reintroduction of tougher Covid-19 prevention measures in the UK could whack economic growth over the coming months. Despite greater confusion over the trajectory [...]
UK airlines set to ask Treasury for extension to Covid loans December 12, 2021 Bosses from British Airways, Virgin Atlantic and easyJet are set to ask the Treasury to extend their Covid-19 loans and provide further economic help in light of new restrictions imposed by Boris Johnson last week. Chief executives from the three airlines will meet with civil servants at the Treasury today to discuss the proposals, after [...]
How tokenisation as a method of funding could help technology companies December 10, 2021 There are some obstacles in the way of widespread adoption of tokenisation, but there are clear paths ahead, writes Emily Pavlou.
GDP growth falls short of expectations, inching 0.1 per cent higher in October December 10, 2021 The UK’s economic growth inched just 0.1 per cent in October, according to the latest figures. The figure remains 0.5 per cent below its pre-pandemic level, the Officer for National Statistic found, falling short of economist and analyst expectations after experts had forecast a 0.4 per cent increase. Construction and hospitality were among the hardest [...]
Letters: New Covid rules, new support December 10, 2021 [Re: The party’s over, yesterday] Small businesses will undoubtedly be hit by the new restrictions implemented as part of Plan B. These businesses have only just started on their tentative recovery after nearly two years of this crisis, and many need the winter trading boost to get through to 2022 with their heads above water. [...]
One of our own: Rachel Reeves’ journey from the City to the top of Labour politics December 10, 2021 Rachel Reeves looks comfortable in the palatial settings of 1 Lombard Street as she settles down to a gin and tonic, garnished with a slice of grapefruit. The shadow chancellor is is a formidable force in the House of Commons – a Labour staffer described her as “un-chill, but in a very good way” – [...]
Urgent calls for a ‘lessons learned’ review into impact of pandemic handling on high streets December 10, 2021 The government is facing calls to conduct an “immediate lessons learned” review into how high streets were affected by the handling of the pandemic. An online sales tax should also be introduced and go towards a reduction in business rates for the retailer, the cross-party Levelling Up, Housing and Communities (LUHC) Committee agreed. In a [...]
Without securing our trust, public and private leaders will fail our economy December 10, 2021 As we head into winter, with the prospect of more restrictions at a time when trust seems to be in freefall, we have all been reflecting on how this is going to impact our communities and how we can use the opportunity to make the economy work better for all. The first few months of [...]
All of our cities are at risk this Christmas as they wrestle with Covid uncertainty again December 10, 2021 Boris Johnson has now confirmed our fears: Plan B will be brought in, and with it, more mask rules, Covid passports and work from home advice. It will undoubtedly have a monumental impact on businesses that rely on high footfall in city centres. December was supposed to be the month that saw many nightclubs, bars [...]