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 […]
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 […]
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 […]
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 […]
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 […]