Government in talks over state takeover of Flybe – report March 29, 2020 Collapsed airline Flybe’s administrator EY has denied reports that it is in negotiations with the government to buy the regional carrier out of bankruptcy in order to protect the UK’s battered aviation sector. According to the Telegraph, the Big Four auditor has opened talks with government officials about nationalising the airline in order to serve [...]
Exclusive: ‘Banks should deliver the same experience as Amazon and Netflix’, says Ezbob CEO January 21, 2021 After a year that was hugely disrupted by Covid-19 and the entire economy and its workforce moved online, City A.M. sat down with Tomer Guriel, CEO of Mayfair-based Ezbob, which provides digital lending software to some of the biggest banks and financial institutions in the City. A vaccine is being rolled out, so the City [...]
The pensions triple-lock is unjustifiable in normal times — in the Covid era, it is utterly unconscionable October 9, 2020 Imagine you a Conservative chancellor trying to steer the economy through the midst of the worst pandemic in modern history. You have done your best to protect jobs and support struggling businesses in the face of drastic lockdown restrictions, while tax receipts shrivelled and the healthcare bill has ballooned beyond all previous measures. Despite your [...]
Coronavirus: WHO says Asian countries must take ‘aggressive measures’ March 18, 2020 The World Health Organisation (WHO) has warned that some Asian nations need to take “aggressive measures” to stop the spread of coronavirus as the number of confirmed worldwide cases inches toward 200,000 and the death toll reaches 7,500. The WHO warning was aimed toward South East Asian countries amidst fears that numbers could soon surge [...]
Want a recovery that works for everyone? Fix the injustices in the tax system July 27, 2020 The lockdown shone a spotlight onto a two-speed, two-nation Britain, where better-paid white-collar professionals worked from home, while less well-off key workers had to keep travelling to work, often on crowded public transport, to do riskier jobs. Even worse, it turned out that those less well-off key workers were paying much higher tax rates than [...]
Government must ease restrictions for food production workers, says industry March 17, 2020 The chairman of leading UK food producer Finnebrogue Artisan has called on the government to relax self-isolation restrictions for workers in the food industry or risk “serious food shortages”. According to Denis Lynn, forcing any one who lives with someone showing symptoms of coronavirus to self-isolate for 14 days could “wreak havoc on our capacity [...]
The capital is key to rebuilding the economy March 27, 2020 Nothing since the three-day week has so disrupted British daily life as the Covid-19 pandemic, and it is hard, sometimes, to imagine a world after it. Even the optimistic projections have us stuck at home — or worse, in hospital — for weeks if not months on end. But right on cue the Global Financial [...]
Coronavirus: London Southend Airport to close for four days a week March 26, 2020 London Southend airport will shut for more than half of the week from Monday due to the complete collapse in passenger demand caused by the coronavirus outbreak. From next week, the airport will only be open between 16:30 and 21:30 on Tuesdays, Thursdays and Sundays due to severely reduced service. Due to the onset of [...]
US senate unanimously approves $58bn package for airlines March 26, 2020 Late last night the US senate voted unanimously in favour of a $58bn (£49bn) rescue package for its struggling aviation industry, which has been decimated by the plunge in travel demand caused by coronavirus. Almost half – $25bn of the total package – comes in the form of grants, which airlines will use to continue [...]
More than 5,000 retail jobs at risk as pandemic forces John Lewis and Boots to restructure July 9, 2020 More than 5,000 high street jobs could be lost as two UK retail giants announced store closures today after the coronavirus pandemic forced John Lewis and Boots to urgently restructure their businesses. John Lewis has decided not to reopen eight stores after the coronavirus lockdown, saying the sites were struggling before the pandemic. The proposed [...]