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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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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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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The FTSE 100 has recorded its biggest fall in four years as concerns about the economic impact of the coronavirus hit global markets, wiping billions off the value of the world’s biggest companies. In London, the UK’s FTSE 100 saw £62 billion lost as the share index plummeted 3.3% – the steepest drop since January […]
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The government’s new immigration policy has been condemned as “toxic” and “xenophobic” with business set to be hit hard by plans that “spell absolute disaster” for Britain’s care system. Home secretary Priti Patel defended the new policy that is designed to cut numbers of low-skilled migrants coming to post-Brexit Britain from the start of next […]
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The UK government is in discussions with a Chinese company who have offered to build England’s HS2 rail link for “tens of billions” less than the forecast £106 billion – and in just five years compared to the expected 15-20 years. Boris Johnson finally gave the controversial HS2 project the go-ahead this week and today’s […]
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Chancellor Sajid Javid has sensationally quit after the prime minster ordered a cull of all of his Treasury advisors at the start of Boris Johnson’s cabinet reshuffle. Javid’s resignation – just three weeks before the budget – is the biggest shock of a day that has seen other leading Tories lose their cabinet posts in […]
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The prime minister has given England’s controversial high speed rail link the “green signal” despite widespread concerns from environmentalists and politicians about the £106 billion HS2 project. Boris Johnson told the House of Commons he is committed to the two sections of the project that will link Birmingham with London, Manchester and Leeds, and announced […]
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