Competitive sectors face the hardest hit from coronavirus March 31, 2020 The package of economic support offered by the Treasury — from a standing start — is one of the most impressive among any western country. But the cascading consequences of the coronavirus crisis mean that there are all kinds of areas where the pleas for help continue to come. Small businesses, for example, are the [...]
UK government to spend £75m on charter flights for stranded Britons March 30, 2020 The government will subsidise airlines to bring home UK nationals stuck abroad in a £75m deal. Travellers stuck in countries with no commercial flight options available will have charter flights made available “at little to no cost”, according to foreign secretary Dominic Raab. Raab announced today that British Airways, Virgin, Easy Jet, Jet 2 and [...]
Easyjet founder blasts board over call for state aid, tells firm to raise cash March 30, 2020 Easyjet’s founder and largest shareholder Sir Stelios Haji-Ioannou has blasted the airline’s calls for state aid, saying companies as big as Easyjet “do not deserve charitable gifts”. Instead, the carrier should look to raise cash through an equity raise, he said, saying government loans “would only postpone the problem, [they] do not cure it”. In [...]
Coronavirus: Scottish flier Loganair confirms it will seek state aid March 30, 2020 Scottish airline Loganair has confirmed that it will join other UK carriers in seeking a government bailout, its chief executive has said. The regional carrier, which earlier this month agreed to take on a number of collapsed carrier Flybe’s routes, has recently suspended all of its passenger operations. Chief executive Jonathan Hinkles said this morning: [...]
Easyjet grounds all airplanes over coronavirus March 30, 2020 Easyjet has grounded its entire fleet of more than 300 aircraft in the wake of “unprecedented” travel restrictions over the global coronavirus pandemic. The budget flyer warned today “there can be no certainty of the date for restarting commercial flights”. It has grounded its entire fleet of commercial aircraft and put its cabin crew staff [...]
Why the UK’s startup sector is worth saving March 30, 2020 Covid-19 has already destroyed so much. Lives, livelihoods, freedom of movement. For those on the frontlines, whether in the NHS, social care or supermarkets, or in the country’s many sick beds, the battle is fierce. As the dominoes of our economy have tumbled, the government has quickly stepped in. First to safeguard business. Then to [...]
No laughing matter: The impact of coronavirus on London’s standup comics March 30, 2020 One of the benefits of living in a vibrant metropolitan city like London is seeing live entertainment. For many, the highlight of their week — before the coronavirus crisis — was enjoying standup comedians at pubs, open mic nights and comedy clubs across the capital. As well as being a source of entertainment, live comedy [...]
Retailers urge government to release tax rebates amid coronavirus crisis March 30, 2020 UK retailers have urged the government to approve billions of pounds worth of tax rebates to help cash flow as businesses battle to stay afloat amid the coronavirus pandemic. The British Retail Consortium and rating advisory Altus Group have called on the chancellor, Rishi Sunak, to settle outstanding business rates appeals ahead of the new [...]
Public support for Boris Johnson’s coronavirus response soars March 29, 2020 Public approval of Boris Johnson’s handling of the coronavirus has soared in the past week after announcing a police-enforced lockdown. A new ORB International survey has found that 67 per cent of Britons think the government has handled the coronavirus outbreak well – an 18 per cent increase from a week ago. A YouGov/Sky News also [...]
Coronavirus: Government urged to take ‘every possible step’ to bring UK tourists home March 29, 2020 Foreign affairs select committee chair Tom Tugendhat has written to foreign secretary Dominic Raab seeking assurances that the government has taken “every possible step” to return UK citizens stranded abroad to the UK. Although the exact number is unclear, there are currently hundreds of thousands of British tourists stuck overseas due to the coronavirus outbreak. [...]