Coronavirus: London R rate catapults to highest in the country October 29, 2020 Covid-19 is now spreading fastest in the capital, according to the latest official estimates, raising fears of a Tier 3 London lockdown. The ‘R rate’ — the rate of spread of infection — has catapulted to a best estimate of 2.9 in London, the highest rate in the country. Figures released today by the Department [...]
Germany to enter four-week lockdown from November October 28, 2020 Germany will enter a four-week lockdown from 2 November, Chancellor Angela Merkel confirmed today. Pubs, bars and restaurants across the country will shut for one month, while all inter-household mixing will be banned. Gyms, cinemas and theatres will also shutter for four weeks, as Merkel scrambles to contain a second wave sweeping across the nation. [...]
Two-thirds of all UK businesses at risk of insolvency October 28, 2020 Two-thirds of all businesses across the UK currently trading have a “low to severe risk of insolvency”, according to the Office for National Statistics (ONS). The latest Business Impact of Coronavirus Survey (BICS) from the ONS found that 64 per cent of businesses across all industries are at risk of insolvency, with 43 per cent [...]
Whole of Nottinghamshire to enter Tier 3 from Thursday night October 28, 2020 The whole of Nottinghamshire will enter Tier 3 restrictions from midnight on Thursday, as the government scrambles to curb a spike in infections across the county. Previously Nottingham City, Broxtowe, Gedling and Rushcliffe councils had been preparing to enter the highest alert level. However, the entire county is now understood to be entering Tier 3 [...]
More than 50 Tory MPs lash out at local lockdown restrictions October 27, 2020 More than 50 Tory MPs have lashed out at the Prime Minister, warning that Northern constituencies risk being left behind unless there is a clear strategy for leaving local lockdown restrictions. MPs from parts of England currently under Tier 3 restrictions have written to Boris Johnson to warn him that his “leveling up” agenda risks [...]
Nottingham to move into Tier 3 from Thursday night October 26, 2020 Nottingham and parts of the surrounding county are set to move into the top level of coronavirus measures this week, in a move that will see almost 800,000 people placed under Tier 3 restrictions, the government confirmed today. People living in the city, along with residents of Rushcliffe, Gedling and Broxstowe will face the toughest [...]
High-flying City figures to be exempt from quarantine rules October 26, 2020 City dealmakers, hedge fund managers and executives flying into the UK are set to be exempt from the current 14-day quarantine period in a bid to “promote global Britain”, according to reports. Fresh guidelines being drawn up by the government would see the fortnight self-isolation period scrapped for senior bankers, hedge fund managers and executives [...]
Coronavirus: London to lose £10.9bn from tourist spending, Sadiq Khan warns October 23, 2020 London is set to miss out on £10.9bn from a drop in tourist spending as a result of the coronavirus crisis, Sadiq Khan has warned, as footfall in the capital remains well below pre-pandemic levels. Overseas tourists will spend £7.4bn less on goods and services in London this year, while domestic tourists will spend £3.5bn [...]
British Airways owner IAG nosedives into €1.3bn pandemic loss and cuts flights over winter October 22, 2020 British Airways owner IAG nosedives into €1.3bn pandemic loss and cuts flights over winter
Daily Mail owner raises profit outlook following spike in advertising revenue October 22, 2020 The Daily Mail and General Trust (DMGT) has raised its full-year profit outlook following a strong hike in advertising revenue, after formally suspending guidance in the initial outbreak of the pandemic. DMGT today said it expects group adjusted revenue for the year to be in the region of £1.205bn to £1.215bn, with adjusted operating profit [...]