Business and Economics
Business and Economics News
Bank forecasts show no v-shaped recovery in UK economy
Analysts also said the central bank could increase asset purchases later this year to deal with the impact of the virus.
Branson’s Virgin Atlantic could ‘run out of money’ by Sept
It is projected that the airline’s cash flow would drop to ‘critical levels’ by the middle of next month without an injection of cash.
BA boss to be grilled by MPs after it was labelled “a national disgrace”
Chief executive Alex Cruz will give evidence to the Transport Select Committee on September 16.
Redundancies continue to mount as chancellor takes firms off life support
The OECD is forecasting that up to 14.8 per cent of the workforce could be unemployed if a second wave of Covid-19 hits Britain.
“Compassionate” CEO email goes viral as Brits are urged to head back to the office
Under new guidance employers can now ask staff to return to the workplace even if they are able to work remotely.
Burger chain Byron to slash 651 jobs and shut 31 restaurants
The brand has been rescued by newly-formed company Calveton, in a deal which could only protect 20 restaurants and 551 employees.
US GDP drops by a THIRD following second quarter collapse
It is the worst drop in history.
Aldi to create 1,200 more jobs in 2020 amid store opening plans
The retailer has already created 2,800 new permanent jobs this year after grocery sales surged in the face of the coronavirus pandemic.
Closing furlough scheme ‘a mistake’ which could see unemployment surge
NIESR hailed the Government’s coronavirus job retention scheme but called on the Chancellor to extend it into next year to preserve jobs.