Anxious investors were offered a little respite yesterday on another topsy-turvy session on stock markets around the world. The FTSE 100 swung in and out of the red as a slew of companies temporarily shut stores, cut jobs or revealed they were on the brink of going bust because of the impact of the coronavirus … Read more
The government’s chief scientific adviser today revealed there are likely to be as many as 55,000 cases of coronavirus in the UK as official government statistics put the number at 1,950. Sir Patrick Vallance said modelling of the spread of the disease in Britain showed that for every death there was likely to be 1,000 positive … Read more
Primark has temporarily shut a fifth of its European stores amid the coronavirus panic as shares in its owner Associated British Foods were suspended today. The store closures in France, Spain and Austria account for nearly a third of its sales, although the budget clothing retailer is keeping its shops open in Britain for now. … Read more
The World Health Organisation has slammed Boris Johnson’s response to the coronavirus pandemic, saying every country should find and test every possible case. On Thursday, the Prime Minister announced only the most seriously ill will be tested with others who notice symptoms encouraged to self-isolate for 14 days. But on Friday, the WHO’s director general, Dr Tedros … Read more
IMF urges governments and central bankers to take action to protect businesses By James Salmon for the Daily Mail Published: 21:51 GMT, 9 March 2020 | Updated: 21:51 GMT, 9 March 2020 The International Monetary Fund has piled pressure on governments and central bankers around the world to do more to combat the economic fallout … Read more
Michael Gove was charged with updating the House on the Government’s Brexit strategy yesterday. Of course he was. For years the Govester has been the Government’s man for big occasions. The closer, the ‘death’ bowler entrusted with the crucial last overs. Need to rally the troops? Send for Gove! Under the previous lot this was … Read more