Sunak’s spending spree ‘catastrophe’ for UK’s night time industry July 9, 2020 Casinos, comedy clubs and nightclubs have accused the chancellor of letting Britain’s night industry “slip through the cracks”, as a new wave of financial support for the hospitality industry failed to provide specific support for shuttered night time venues. Chancellor Rishi Sunak unveiled a raft of measures in his £30bn mini-Budget yesterday, in a bid [...]
We need female tech trailblazers if the UK is to keep its unicorn crown February 20, 2019 The UK has been crowned the “tech unicorn capital of Europe”, by virtue of the fact that we have more billion-dollar-valued tech companies than any other country in the EU. But the next generation of unicorns, which include the likes of Just Eat, Deliveroo, and Purplebricks, could well be under threat if the tech industry, [...]
New job retention bonus at heart of Rishi Sunak’s £30bn spending spree July 8, 2020 UK chancellor Rishi Sunak today put a new “job retention bonus” programme to encourage companies to bring back furloughed workers at the centre of a £30bn package aimed at kickstarting the economy. In his summer statement, Sunak said employers who take back furloughed workers until the end of January will receive a £1,000 payment for [...]
City reckons more ‘enormous’ stimulus to come from Rishi Sunak in autumn July 8, 2020 Chancellor Rishi Sunak today unveiled a package worth up to £30bn to boost the UK economy as the coronavirus lockdown is gradually eased, and promised it “will not be the last action”. At the centre of the stimulus is a “job retention bonus” worth up to £9bn that will pay companies to take back furloughed [...]
Survive and thrive: Gastropub goes takeout as punters enjoy the bar from afar June 3, 2020 London’s businesses have been forced to weather a storm they never saw coming, but many have pivoted to new ways of doing business. Today, Heath Ball – owner and landlord at Highgate gastropub The Red Lion & Sun – tells us about his new delivery service, dropping off wine to the park, and the future [...]
The “homebody economy” – investing in your digital back yard September 23, 2020 It is clear that UK shares are unloved. No likes, no shares, no new friend requests. The level of gloom surrounding this market is remarkable even amongst UK based investors, who, you might think, should feel more comfortable investing here. This is not just pandemic queasiness. Although the UK economy is service-led to some extent, [...]
Anatomy of a snack trolley: ‘Why is there always flapjack?’ April 11, 2024 Who decides what you eat when you fly or catch a train? Amelia Tait goes in search to the answer to the big question: 'Why always flapjack?'
Negative rates explained: should UK investors prepare? October 30, 2020 The UK’s banks received a letter from the Bank of England (BoE) this week which has brought negative interest rates back into the headlines. The letter, published here, asked banks how ready they would be if the Bank of England base rate – which currently sits at 0.10% – moved into negative territory. The letter, signed [...]
Ocado retains crown as Britain’s fastest-growing supermarket February 4, 2020 Ocado has retained its position as Britain’s fastest growing supermarket, with the online grocer achieving its quickest growth in the North of England. Ocado’s overall sales grew 11.2 per cent year-on-year during the quarter, with its market share rising 0.2 percentage points, according to data from Kantar. While over half of the grocer’s sales come [...]
Coronavirus: Everything is set to change May 12, 2020 It’s no real surprise that the eagerly awaited unveiling of the plan to get back to normal turned out to be such a litany of vagueness. This is a government that has always been more comfortable talking about what it doesn’t want to see happen than laying out actual plans. But behind the obfuscation, the [...]