Ranked: London constituencies have highest demand for Covid borrowing in UK June 15, 2021 London constituencies make up the top four UK regions which have seen the highest demand for Covid support loans, according to a new study. Business Rescue Expert collated the amount each devolved UK constituency has borrowed under the Bounce Back Loan Scheme (BBLS) and the Coronavirus Business Interruption Loan Scheme (CBILS). The City tops the [...]
Queen’s Birthday Honours list recognises four City Corporation figures June 15, 2021 A City of London Corporation Member, a transport expert and leaders in the charity and education sectors have been recognised in the Queen’s Birthday Honours. The four will receive awards for their work supporting communities in the Square Mile and across London, including during the COVID-19 crisis. Henry Jones, who has represented Portsoken ward on [...]
First summer post-Brexit: Panic among desperate UK farmers as hundreds of thousands of fruit pickers stay away June 15, 2021 Farmers across the UK are in panic mode as the busiest season of the year is about to start but they are faced with a shortage of hundreds of thousands of European workers. In fact, there is such a “massive whole” in the number of available fruit and vegetable pickers that it is putting farmers [...]
London calls for more support for businesses as ‘Freedom day’ pushed back June 14, 2021 London’s businesses and politicians have called for more financial support after Boris Johnson delayed the end of the Covid-19 restrictions for four weeks. Speaking at a press conference this evening, the Prime Minister said that 19 July was the new “terminus” date for the restrictions. However, despite advance calls from various sectors for extra support, [...]
Freedom day pushed back to 19 July as Johnson asks for ‘a little more time’ for jab programme June 14, 2021 England’s “Freedom Day” has been pushed back nearly six weeks until 19 July, Boris Johnson has confirmed tonight, as cases of the so-called Delta variant of Covid-19 continue to rise. The decision will be reviewed every day, and after two weeks the government will decide whether to go ahead with reopening sooner than now anticipated. [...]
Rishi Sunak not expected to alter furlough scheme despite Freedom Day delay June 14, 2021 Rishi Sunak not expected to alter furlough scheme despite 'Freedom Day' being scrapped
Britain is plagued by uncompetitive markets and a regulatory system encouraging market concentration June 14, 2021 The backslapping over the G7’s efforts to institute a new minimum global corporation tax rate last week was almost audible. The deal is a critical juncture – a signal that established economies are no longer racing to the bottom on business tax. But the palpable excitement should be cautioned: it takes far more to create [...]
Covid loan fraud fears as number of businesses struck off Companies House up by 743 per cent June 14, 2021 The number of companies closing down after being struck off the Companies House register increased by 743 per cent during the first quarter of 2021 compared to the same period in 2020. Strike-offs from Companies House increased to 39,601 in the first three months of 2021 compared to just 4,695 in the same period in 2020, [...]
Goldman Sachs UK staff under pressure to reveal vaccine status June 14, 2021 Goldman Sachs has sent a memo to its UK staff that “strongly encouraged” them to report their Covid-19 vaccination status, ahead of a return to the office. The investment bank has has been conducting a voluntary survey amongst staff based at its Plumtree Court headquarters in London since the end of May, when employees were [...]
JD Sports under fire for ‘inappropriate’ chairman bonus June 13, 2021 JD Sports is facing fierce criticism for paying bonuses to executive chairman Peter Cowgill despite taking tens of millions of pounds in government support. In a damning report shareholder advisory service Glass Lewis recommended that investors vote against the company’s “inappropriate” pay policy. It also said shareholders should oppose Cowgill’s reelection due to inadequate succession [...]