London’s stock market has plummeted amidst fears of a global recession caused by the coronavirus with £124 billion wiped off the value of the FTSE 100 blue-chip index. The FTSE 100 closed 7.69% down on Monday – the fifth biggest single day fall in the index’s 36 year history and its worst drop since the […]
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The Chancellor of the Exchequer has promised the NHS will get “whatever resources it needs” to combat the coronavirus outbreak, as the number of positive cases in the UK rose by 64 to total 273. Rishi Sunak said the UK’s “strong” economic foundations enabled him to provide extra funding which could include help for individuals […]
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The public has been warned to prepare for “social distancing” as the number of coronavirus cases in the UK jumped to 206 – a 25% increase from the 164 cases recorded yesterday. England’s deputy chief medical officer Dr Jennie Harries told the BBC the UK is “teetering on the edge” of sustained transmission but remains […]
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On Wednesday, less than two months after the UK government agreed on a rescue deal, Flybe went into administration. A failing business model and the impact of the coronavirus led to the Flybe collapse. Tweeting to customers ‘DO NOT TRAVEL TO THE AIRPORT unless you have arranged a flight with an alternative airline’ Flybe publicised […]
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Brexit will not be delayed by the coronavirus outbreak, a spokesman for the prime minister has confirmed, saying the UK will not ask for an extension to the transition period which expires on December 31, 2020. However, the outbreak could push the UK’s economy to the brink of recession, warned Goldman Sachs as the number […]
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The government’s worst-case scenario sees up to twenty per cent of the workforce staying at home either because they are sick or to self-isolate. But will they get paid? Businesses, employer groups and unions have pointed out that many workers may not be entitled to any sick pay. As a result, Labour has called for […]
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Boris Johnson has said the army is on standby as part of the government’s “battle plan” to fight the coronavirus, as the number of Covid-19 cases in the UK rises to 51. Health secretary Matt Hancock warned the virus poses an “increasingly serious” threat and told MPs it was “becoming more likely that we will […]
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The government’s objectives for the UK’s post-Brexit trade deal with the United States are evidence it is “living in cloud-cuckoo land” because it is “risking our standards for a mere 0.07%-0.16% of GDP” growth. The Department for International Trade (DIT) expects trade talks with the US to begin this month (March) and has vowed to […]
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Heath secretary Matt Hancock said “nothing is off the table” when asked if UK cities could be closed down as Britain battles to contain the coronavirus outbreak. Hancock’s comments come as the confirmed number of coronavirus cases in the UK climbed to 35 after 12 new patients were diagnosed. The government is considering all options […]
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Sir Philip Rutnam, the top civil servant at the Home Office has quit his post citing a “vicious and orchestrated campaign” against him by the home secretary Priti Patel. The Home Office permanent secretary – who has 33 years experience working in Whitehall –announced his resignation today (Saturday) and said he intends to sue the […]
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