A VAT break on booze would allow entrepreneurs to rebuild British high streets February 18, 2021 Hospitality employs 9 per cent of the UK’s workforce. Or perhaps ‘did employ’ is a more accurate phrase. Undoubtedly, there will be more redundancies within this sector – at a phenomenal cost, ultimately, to the taxpayer. We all know that hospitality has been one of the worst hit sectors in the economy as a result [...]
Exclusive: Four out of five on furlough consider switching to jobs they are overqualified for May 4, 2021 Four in five furloughed Brits are considering applying for jobs they are overqualified for if they cannot return to their existing employment. Some 62 per cent of respondents feared they would not have a job to return to after furlough, according to new research by consultancy firm NTT DATA UK, shared with City A.M. this [...]
One in 10 British businesses think they will go bust in the next three months December 10, 2020 Twelve per cent of all businesses in the UK think they will buckle in the next three months, as tough coronavirus restrictions continue to weigh on the British economy. Around eight per cent of businesses currently trading have none or little confidence of surviving over the next three months, according to the latest figures from [...]
Business bodies warn that three-quarters of pubs, bars and casinos could go bust under new tier system December 1, 2020 The UK’s leading business bodies have slammed MPs’ decision to vote the new tier system in place from midnight tonight as the “nail in the coffin” for many businesses, warning that it will cause three-quarters of night-time venues to shut forever. The Prime Minister this evening fought off the largest Tory backbench rebellion in his [...]
Airline industry calls on the UK to lift borders like the EU May 14, 2021 Germany, Spain and Holland became the latest European nations to lift the shutters on travel restrictions yesterday, as the airline industry called on the UK to do the same. Still placing tough restrictions on arrivals, the UK has received calls from Ryanair and the British Airline Pilots Association (BALPA) for more clarity on travel. Ireland’s [...]
London business confidence ticks up in first quarter of 2021 March 31, 2021 Business confidence in London improved during the first three months of 2021, after reaching its lowest point since the 2008 global financial crisis. A new survey by Savanta ComRes/the London Chamber of Commerce and Industry has revealed that 29 per cent of business leaders in the first quarter of 2021 said London’s economic prospects will [...]
Rishi Sunak to extend business rates relief and furlough February 19, 2021 Rishi Sunak is set to extend business rates relief and the furlough scheme into the summer, offering further support to companies battered by coronavirus restrictions. In his Budget next month the chancellor is expected to announce that the year-long business rates holiday for the retail, hospitality and leisure sectors will continue beyond the previous end-date [...]
Capital Punishment: London to enter Tier 3 on Wednesday December 14, 2020 London is set to enter Tier 3 from midnight tomorrow, as the government scrambles to contain a sharp spike in coronavirus cases in the capital. The capital will enter the highest level of restrictions at 0.01am on Wednesday morning, the health secretary has announced. Parts of Essex and Hertfordshire including Basildon, Brentwood, Chelmsford, Epping Forest [...]
Rishi Sunak ‘to extend emergency Covid business loan schemes’ December 17, 2020 Chancellor Rishi Sunak is set to extend the UK’s £68bn coronavirus emergency loan schemes to help support businesses hit with the double whammy of Covid and Brexit, according to reports. Officials are drawing up plans to extend the three main loan guarantee schemes, including the government’s £43.5bn coronavirus bounce back loans programme, the Financial Times [...]
From McDonalds to supermarkets: The slow-motion car crash of Britain’s labour shortages September 6, 2021 World trade in toys is a highly cyclical business. Every year, just as everyone is putting their Halloween masks away, Chinese exports of toys drop back, and by March the following year they will typically be nearly 60 per cent lower. For the last four years, October’s peak has been getting progressively lower. Since the [...]