Hospitality bosses say Treasury support ‘borders on insulting’ as firms call for more aid December 21, 2021 Hospitality and leisure bosses have welcomed the announcement of a short-term support package for businesses but called for more. Venues have been hit hard by cancellations as the public stays away from the capital in a last attempt to dodge the highly transmissible Omicron variant before Christmas. After calls from industry bosses, Chancellor Rishi Sunak [...]
Sunak’s announces £30m boost for theatres and museums to buffer Omicron cancellations December 21, 2021 Rishi Sunak has announced this afternoon that there will be £1bn in support for businesses most impacted by Omicron across the UK, including £30m further funding through the Culture Recovery Fund to help support theatres and museums. The government will be allowing more cultural organisations in England to apply for support during the winter, and [...]
UK government launches £1bn Omicron rescue package for pubs, bars and restaurants December 21, 2021 Chancellor Rishi Sunak has launched a fresh £1bn rescue package to help sectors worst hit by the Omicron-induced economic storm survive. Pubs, bars and restaurants across England can now receive a one-off no strings attached payment of £6,000 per venue, the UK government announced today. Sunak said: “We recognise that the spread of the Omicron [...]
UK government interest bill swells at fastest rate in over a decade December 21, 2021 Soaring inflation is swelling the government’s interest bill at the fastest rate in over a decade, reveal official figures published today. Interest payments on debt held by the government climbed over £15bn, or 54.1 per cent, over the last financial year to November, the fastest rate of acceleration since 2010, according to the Office for [...]
Airlines call on government to reopen travel despite possible restrictions December 20, 2021 The aviation industry has called on the UK Government to either reopen travel or “come to the table with economic support.” Airlines UK, the trade body that represents British carriers, has lambasted the government for its lack to support, saying “offering more debt to a sector that has already borrowed billions of pounds is not [...]
Exclusive: London rides wave of floats to snatch Europe listing crown December 20, 2021 London has ridden the crest of a wave of companies listing in the capital over the last year, reveals a fresh study shared exclusively with City A.M. today. The City muscled out its rivals on the continent to take the crown as Europe’s top listing hotspot, research by consultancy KPMG has found. The capital breezed [...]
England could face two-week ‘circuit-breaker’ lockdown after Christmas December 18, 2021 Dark clouds are looming over the festive season with ministers planning a circuit breaker lockdown after Christmas to tackle the Omicron variant.
City of London calls on Rishi Sunak to support businesses in the Covid-emptied Square Mile December 17, 2021 The City of London’s local authority has called on Chancellor Rishi Sunak to provide “much needed” financial support for shops, restaurants and pubs in the Square Mile after the government reintroduced its ‘work from home’ advice. In a letter to the Chancellor, The City of London Corporation policy chair Catherine McGuiness warned that small businesses [...]
Lack of support is untenable, and the Chancellor must know it December 17, 2021 The Chancellor, Rishi Sunak, has played a bad hand very well since taking the job in February 2020, just as news of a strange and mysterious virus was beginning to bother the front pages. It has helped that he has been playing with the equivalent of house money – borrowing huge sums in what became, [...]
Government should further consult finance industry on UK’s net zero path, says investment body December 16, 2021 The government should consult on a ‘transitional taxonomy’ to ensure the finance industry understands the country’s net zero pathway, the UK Sustainable Investment and Finance Association (UKSIF) has urged. In a government policy briefing today, the group will also caution policymakers to avoid a mandatory approach to carbon targets and instead encourage a broader range [...]