Exclusive: London’s Nightingale Hospital to reopen next week at just 1.5 per cent capacity January 5, 2021 The Nightingale Hospital at London’s Excel Centre is due to reopen next week at an estimated 1.5 per cent of its original capacity, as the NHS scrambles to find enough staff to treat patients. The emergency hospital has been “reactivated” to provide non-Covid related care for around 60 patients, senior sources close to the Nightingale [...]
The Week In Sportbiz: Premier League set to axe pay-per-view (for now), Formula E gets cosier with Extreme E, and Gosper gives US his World Cup vote November 6, 2020 Less than a month after its introduction, Premier League clubs are expected to ditch their unpopular pay-per-view service. Since debuting on 17 October, half of all games have been restricted to those willing to pay £14.95 a time. Fans groups protested the extra charges by successfully urging people to donate thousands of pounds to food [...]
Sadiq Khan: London’s hard-hit businesses need more support in Tier 3 December 14, 2020 The Mayor of London, Sadiq Khan, responds to the news that London is set to enter Tier 3 restrictions from Wednesday. The Government has decided to move London into Tier 3 from one minute past midnight on Wednesday morning. This is incredibly disappointing for our businesses who have suffered so much already this year. But [...]
Sainsbury’s to slash 3,500 jobs and close Argos stores November 5, 2020 Sainsbury's will cut 3,500 jobs and close 420 Argos sites, as the firm posted a £137m loss for the first half of the year.
Government agrees £825m loan to finish Crossrail December 1, 2020 The government has agreed a £825m loan to finance the completion Crossrail train link, Grant Shapps today announced. Writing on Twitter, Shapps said that the loan was a “fair dal for taxpayers across the UK”. The loan takes the total cost of the project, which has been plagued by difficulties over its lifespan, to £18.6bn. [...]
Amazon to escape UK tech tax as global crackdown falters October 14, 2020 Amazon is facing fresh scrutiny over its tax liabilities after it emerged the tech giant will not be affected by the government’s landmark digital services tax. In April ministers unveiled the new tax — which charges a two per cent levy on the revenue of internet companies — saying it would ensure companies contribute their [...]
Chancellor Rishi Sunak: The City could be set for a post-Brexit Big Bang 2.0 January 11, 2021 Rishi Sunak believes the Square Mile is set for a post-Brexit “Big Bang 2.0” and that the City’s “culture and creativity” will see it to greater, global heights. In a candid interview with City A.M., the Chancellor also pushed back against criticism of the UK’s trade deal with the European Union, saying that it should [...]
‘Don’t blow it now’: Matt Hancock urges caution as cases catapult in London December 10, 2020 Health secretary Matt Hancock has urged the public not to “blow it” by ignoring Covid restrictions, as new infections continue to surge across London, Essex and Kent. Speaking at a Downing Street press briefing, Hancock said the latest official figures showed “a worrying rise in infections” in London. The health secretary said the government faced difficult [...]
FTSE 100 drops to October lows on recession fears January 15, 2021 The FTSE 100 sunk into the red today, capping off its worst weekly performance since the end of October amid fresh Covid woes. The blue-chip index closed down 0.97 per cent at 6,735 points after new data showed UK GDP fell 2.6 per cent in November, sparking fears of a double-dip recession. London’s main market [...]
Sir Keir Starmer: Labour must become more patriotic September 20, 2020 Labour must stop being “shy” about patriotism to win back its traditional working class voter base, according to Sir Keir Starmer. Starmer said today that his party had been “very shy about patriotism for too many years” and that “the Labour movement actually wants the very best for the country”. The party’s virtual 2020 conference [...]