Supermarket growth slows as shoppers return to pre-lockdown habits July 21, 2020 Grocery sales in the the UK rose 14.6 per cent year-on-year in the four weeks to 12 July, but lost the momentum seen at the beginning of lockdown as restaurants, pubs and cafes were allowed to reopen. Supermarket sales slipped from 18.9 per cent growth the previous month, as shoppers tentatively returned to their normal [...]
Calorie labelling to cost British businesses ‘tens of millions’ each year July 28, 2020 The Prime Minister’s announcement that restaurant and takeaway firms must introduce calorie labels on their menus will cost British businesses “tens of millions” of pounds each year, according to a new report. Boris Johnson yesterday announced the government will introduce compulsory calorie labels for restaurant, supermarket and takeaway meals as part of measures to crack [...]
UK services sector ‘close to stalling’ as coronavirus cases surge November 4, 2020 The recovery in the UK services sector slowed sharply in October as a surge in coronavirus cases and new restrictions knocked the economy, a survey has shown. The IHS Markit/Cips services purchasing managers’ index (PMI) – a closely followed measure of the sector’s health – fell to 51.4 in October, down heavily from 56.1 a [...]
Boris Johnson moves to ease lockdown faster in face of mass job losses June 7, 2020 Boris Johnson is set to accelerate the speed of easing the coronavirus lockdown, after warnings of impending mass unemployment. Ministers have drawn up plans to bring Britain back to something resembling normal life by July, in order to ensure industries benefit from summer trading. The new plans will see the government allow planning restrictions to [...]
UK jobs market weak ahead of lockdown despite rise in vacancies November 3, 2020 The number of firms looking to add to their workforces grew in the third quarter after a historic contraction in the spring, but the UK jobs market remained weak ahead of the recently announced second lockdown, a survey has shown. In the third quarter, 37 per cent of firms attempted to recruit, according to the [...]
Business leaders back switch to airport testing September 9, 2020 The majority of UK business leaders believe the government should scrap the current quarantine regime on air travel and replace it with airport testing, new data has shown. According to a survey by London City Airport, 71 per cent of senior executives think that removing the current restrictions in favour of a testing programme would [...]
City firms begin to send workers home after new government rules September 22, 2020 City firms have begun to send workers home after the government today told people to begin working from home again where they can. About 1,000 Barclays staff will revert to home working due to the new coronavirus advice, the bank said today. Although around 22,000 employees had remained working from the lender’s offices during the [...]
Boris Johnson: People should wear face masks in shops July 13, 2020 The Prime Minister has said people should wear face masks in shops and will decide whether to make them mandatory in the next few days. Last week Boris Johnson indicated the government was looking at toughening up the rules and went further today to say a decision “in the next few days.” Speaking to Sky [...]
Sunak mulls VAT cut to boost economy after lockdown June 21, 2020 Rishi Sunak is reportedly considering cutting VAT rates to provide a much-needed boost to the economy after months of lockdown. The chancellor has ordered Treasury officials to draw up plans to reduce the sales tax, including a cut in the headline rate, the Sunday Times reported. Other proposals being considered include cutting employers’ national insurance, [...]
Coronavirus: Wetherspoon scraps dividend and warns on profit March 20, 2020 Wetherspoon boss Tim Martin has scrapped the pub chain’s dividend and issued a profit warning after Boris Johnson urged Brits not to visit pubs and restaurants amid the UK coronavirus outbreak. A rapid escalation in UK coronavirus cases has already seen a 4.5 per cent decline in Wetherspoon pub sales in the week to 15 [...]