IMF: Covid cases and support cutbacks threaten global recovery October 13, 2020 The global economic recovery is under threat from the resurgence of coronavirus and governments withdrawing economic support too early, the International Monetary Fund (IMF) has warned. IMF chief economist Gita Gopinath said the crisis is “far from over” and will “likely leave scars”. She said the global economy’s total loss of output would could amount [...]
Coronavirus: London escapes new restrictions, but City Hall says it won’t last October 12, 2020 London will not have any new Covid restrictions imposed on it, after Prime Minister Boris Johnson today outlined a new three-tier alert system. However, Sadiq Khan has warned this could change within days. London will be put into the lowest level category, medium risk, meaning that the current restrictions will remain the same. Read more: [...]
Hospitality firms face ‘worst of both worlds’ without more support October 12, 2020 Hospitality firms have warned that pubs and bars in “tier one and two areas” will have “the worst of all worlds” as they will have to keep trading without the financial support available to those businesses forced to close. Today Merseyside was placed under “tier-three” restrictions, which will see pubs and bars shuttered unless they [...]
Government Covid leaks ‘eroding trust’ with businesses, says Chambers of Commerce October 12, 2020 One of the UK’s largest business lobby groups has slammed the government for “eroding trust” with the private sector thanks to a slew of anonymous briefings and rumours over Covid restrictions. The British Chambers of Commerce said “speculation and rumour have badly eroded trust between Westmisnter, local government and our businesses communities”, adding that the [...]
Coronavirus: Hospitality industry to take legal action over local lockdowns October 12, 2020 Britain’s hospitality industry is set to take legal action against new lockdown restrictions around the country that it said will have “catastrophic” consequences for the sector. The industry’s biggest trade bodies will today hand Downing Street a legal challenge to the emergency legislation, as the government prepares to announce a new three-tier system that will [...]
Government set to unveil new UK coronavirus restrictions October 12, 2020 The UK government is today expected to announce a raft of new restrictions to tackle the growing second wave of the coronavirus pandemic. The Prime Minister will unveil a three-tier system designed to simplify the UK’s local lockdown restrictions. Leaders from the Liverpool City Region said last night that it will be placed in the [...]
Iain Dale reveals his top 10 most powerful figures in UK politics October 10, 2020 Radio personality Iain Dale will next week reveal his top 100 most powerful people in UK politics, with City A.M. able to reveal today who made the top 10. The list, which will be released in full in next week’s edition of The Mace magazine, contains Westminster’s most important “movers, shakers and rule-breakers”, according to [...]
Business bodies urge chancellor to ‘go further’ with new furlough scheme October 9, 2020 Businesses in the hospitality sector have said Rishi Sunak’s support package “must go further” to avoid wide-scale job losses, after the chancellor today unveiled a new furlough scheme for businesses facing local lockdowns. Sunak today said the government will pay two thirds of employees’ salaries to businesses forced to shutter under fresh lockdown measures. Firms [...]
Rishi Sunak extends furlough scheme for businesses facing lockdown October 9, 2020 Chancellor Rishi Sunak has extended the furlough scheme for six months for businesses across the UK required to close under local lockdowns, as further restrictions loom ahead for parts of England. Sunak today said the government will pay two thirds of employees’ salaries to businesses forced to shutter under fresh lockdown measures. Firms whose premises [...]
Peacocks and Jaeger owner files for administration, putting 24,000 jobs at risk October 9, 2020 Around 24,000 jobs are on the line as Edinburgh Woollen Mill (EMW) group, the owner of retailers Peacocks and Jaeger, has filed a notice to appoint administrators. Bosses wrote to employees this morning warning them that lockdowns across the country had battered sales, forcing the company to review the future of its business. Steve Simpson, [...]