Hundreds of thousands of jobs in the retail sector are at risk of being lost amid the Covid-19 crisis, the British Retail Consortium has warned. Sales at shops across Britain fell to their lowest level on record last month, with worse figures yet to come, the BRC said. With ‘non-essential’ bricks-and-mortar shops shut up and … Read more
What are the new measures that have been introduced? The Treasury has confirmed: The introduction of a new Coronavirus Large Business Interruption Loan Scheme (CLBILS) providing a Government guarantee of 80 per cent to enable loans of up to £25 million for firms with an annual turnover of between £45 million and £500 million A … Read more
Public sector workers now eight times more likely to enjoy gold-plated pensions than those in the private sector By James Salmon for the Daily Mail Published: 21:51 GMT, 9 March 2020 | Updated: 21:51 GMT, 9 March 2020 Public sector workers are more than eight times more likely to enjoy gold-plated retirement benefits than those … Read more
Service sector slows as the coronavirus outbreak starts biting the economy and Bank of England top brass face interest rate conundrum Closely-watched economic survey reading fell from 53.9 to 53.2 last month New orders and recruitment growth slowing as the coronavirus hits Remains unclear whether BoE will follow the US Fed and cut interest rates … Read more
There are emerging fears that the coronavirus outbreak could spark a global economic crisis after China’s manufacturing sector plunged further than expected this month. An official survey showing the plunge added to mounting evidence of the vast cost of the disease that emerged in central China in December. The monthly purchasing managers’ index (PMI) issued … Read more