Economy

Supermarkets are appealing to Britons to stop being selfish as shelves are emptied by customers panic-buying and stockpiling amidst rising coronavirus fears. “We understand your concerns but buying more than is needed can sometimes mean that others will be left without.,” states an extraordinary open letter from the UK’s major grocery operators that urges people to shop responsibly and with...

PM warns ‘many more will lose loved ones’ as UK enters...

The prime minister has announced the UK has moved to phase two ‘delay’ in its fight against the coronavirus, calling the outbreak “the worst public health crisis for a generation.” Boris Johnson warned the disease will “spread further” and “many more families are going to lose loved ones before their time.” The latest figures show 596 confirmed cases in the UK...

UK 2020 budget summary – what you need to know

28 eight days into his tenure, the Chancellor, Rishi Sunak, delivered his UK 2020 budget speech. As expected, he has pledged billions of pounds to help the NHS and...

Government sees off Tory backbench revolt on Huawei – for now

Boris Johnson has avoided his first Commons defeat after Conservative backbenchers rebelled against their government’s decision to allow Huawei a role in the UK’s 5G network. The prime minister’s 80...

New Black Monday for FTSE 100 – £124bn wiped off shares

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...

Chancellor – ‘NHS will get whatever it needs to tackle coronavrius’

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 and businesses financially affected by...
Flybe collapse

Flybe collapse: Loganair to operate 16 routes and maintain domestic flights

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 its intention to cease...

Coronavirus won’t delay Brexit – but could cause recession

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 of confirmed cases continues to...
Self-isolation advice

Self-isolation sick pay – Labour calls for emergency legislation

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 the introduction of emergency...

Government in ‘cloud-cuckoo land’ over UK-US trade deal

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 “rigorously protect” the UK’s high...