Business and Economics

“The devil is in the detail, and some of the fundamental things that need to change, and some of the things that need to be invested in, are simply not happening fast enough.”

It has become the latest dining chain to shut sites after revenues dived due to Covid.

The announcement comes less than four months after the carrier axed 3,150 roles and ended its operations at Gatwick Airport.

Creditors are being asked to accept 20% less than they are owed, and for repayments to be rescheduled.

“We have the highest rate of excess deaths in all of Europe, we also have the deepest recession in all of Europe, and I think people are looking at that and are clearly very, very worried about that, thinking ‘is there an alternative?’.”

One academic said it ‘doesn’t make economic sense’ to prevent employees from choosing how they work in future.

“Like any business our revenues and our profits go up and down, so that’s accounting for some of the variation in those figures.”

The pub chain told investors that like-for-like bar and food sales are down 16.9 per cent for the 44 days to August 16.

Government and corporations will again balance the costs of a long-term stimulus on the backs of the poor