Coronavirus: British Airways to suspend 36,000 workers April 2, 2020 British Airways is preparing to suspend 36,000 employees after it was forced to ground flights due to coronavirus. The airline is close to reaching a deal with union Unite after negotiating for more than a week, however some details still need to be agreed upon, the BBC reported. Up to 80 per cent of the [...]
Boris Johnson: Testing is key to unlocking UK coronavirus ‘puzzle’ April 2, 2020 Prime Minister Boris Johnson has said a big increase in testing is the way to “unlock the puzzle” of the UK coronavirus outbreak. The Prime Minister admitted the government must “massively ramp up” testing after it emerged just 2,000 frontline NHS workers have been tested for coronavirus. A rapid increase in NHS testing was necessary [...]
Coronavirus: UK house prices growth ‘grinding to a halt’ April 2, 2020 UK house prices rose three per cent last month just before the coronavirus outbreak hit, according to Nationwide figures released today. But the bank warned housing market activity is “grinding to a halt” as the coronavirus lockdown stops buyers and sellers from viewing properties. Banks have also withdrawn mortgages or made it tougher to secure [...]
Treasury set to overhaul coronavirus loan scheme to avoid insolvencies April 1, 2020 The chancellor Rishi Sunak is reportedly set to overhaul the government’s emergency coronavirus loan scheme over concerns that small and medium sized businesses may go bust before they can access the funds. Sky News reported Sunak is set to announce that the requirement for banks to assess whether companies are eligible for other funding products [...]
UK mobilises army, navy and air force reservists for coronavirus fight April 1, 2020 The UK has mobilised 3,000 army, navy and air force reservists to help fight the coronavirus pandemic, the Ministry of Defence said today. “It is expected that 3,000 reservists will be required as part of this tranche and will initially be mobilised for six months, to be kept under review,” the ministry said. “The reserve [...]
Coronavirus: M&S gives staff 15 per cent bonus April 1, 2020 Marks and Spencer will give frontline staff across its stores and supply chain a 15 per cent bonus for their work during the coronavirus pandemic. The company also said employees that “have caring commitments or who are feeling more vulnerable” are able to be furloughed voluntarily on full pay. The retailer announced this morning that [...]
Government set to launch coronavirus ‘contact tracking’ app April 1, 2020 The government is gearing up to launch a new app that will alert users if they have come too close to someone who has tested positive for coronavirus. The contact tracking app, which Brits can download on a voluntary basis, will be rolled out either just before or just after the lockdown is lifted, Sky [...]
Mike Ashley’s Frasers Group cuts executive pay amid coronavirus crisis April 1, 2020 Mike Ashley’s Frasers Group, formerly known as Sports Direct, has reportedly agreed to cut executive pay in order to continue to pay shop floor staff during the coronavirus crisis. Members of the retailer’s senior management team have agreed to reduce their basic pay to a maximum of £40,000 per year from May. The reduction will [...]
Coronavirus: Imagine if the state could respond like this all the time? April 1, 2020 The effort has been extraordinary. Within a few days, entire hospitals have been constructed from scratch. Vast numbers of intensive care units and ventilators have been assembled at speed. The NHS, once a byword for bureaucracy, has been swift and nimble in getting ready for the Coronavirus emergency to come. Processes that would normally have [...]
English winemaker Chapel Down toasts surge in sales due to coronavirus lockdown April 1, 2020 British beer and wine producer Chapel Down has toasted a surge in supermarket sales as consumers stock up during the coronavirus lockdown. Supermarket and off licence sales have grown “substantially” and online transactions have also increased after the government ordered all pubs, theatres and hospitality venues to close in a bid to stop the spread [...]