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admin
Written by admin
January 26, 2021

Firms planned record 800,000 redundancies last year

British employers made plans to cut 795,000 jobs last year, a record number, as Covid lockdowns took their toll on the economy. More than 10,000 firms planned job cuts, however the pace of planned cuts slowed at the end of the year. Source: https://www.bbc.co.uk/news/business-55759526

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admin
Written by admin
December 10, 2020

Brexit deal or no deal: your quick guide to the negotiations

The UK and EU are still far apart on key issues – will Britain really crash out in three weeks? What happened on Wednesday night? Boris Johnson and the European commission president, Ursula von der Leyen, met in person over a three-hour scallop and turbot dinner to try to unlock the Brexit trade negotiations deadlock. As expected,

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admin
Written by admin
December 10, 2020

US jobless claims jump; UK growth fizzles out – as it happened

Growth in the UK economy has all but fizzled out. GDP expanded by just 0.4% in October, the weakest in six months, with Covid-19 restrictions hitting the services sector hard. Economists said growth had dropped to a “snail’s pace”, and that the UK faced a fraught few months after coming to a ‘juddering halt’ this quarter. Economics thinktank NIESR

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admin
Written by admin
December 2, 2020

Covid-19: Pfizer/BioNTech vaccine judged safe for use in UK

The UK has become the first country in the world to approve the Pfizer/BioNTech coronavirus vaccine, paving the way for mass vaccination. Britain’s medicines regulator, the MHRA, says the jab, which offers up to 95% protection against Covid-19 illness, is safe to be rolled out. The first doses are already on their way to the

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admin
Written by admin
December 1, 2020

UK high street left reeling as Debenhams goes into liquidation

The Debenhams department store chain is to be wound down after Christmas, with the loss of up to 12,000 jobs and closure of 124 stores in a new blow to the high street. The liquidation of the 240-year-old business came just a day after Philip Green’s Arcadia group, the owner of brands including Topshop, Miss Selfridge and

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igt
Written by igt
November 5, 2020

Covid: Rishi Sunak to extend furlough scheme to end of March

The furlough scheme will be extended across the UK until the end of March, Chancellor Rishi Sunak has confirmed. Mr Sunak said the scheme will pay up to 80% of a person’s wage up to £2,500 a month. He told the Commons that the government will review the policy in January. The chancellor said his

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