Business and Economics
Business and Economics News
Rishi Sunak considers 100% loans to small businesses as pressure mounts
Senior bankers are reportedly working with the Treasury on a new scheme which could be launched as early as next week.
“We can start reshaping the post-crisis economy now” – McDonnell
The former shadow chancellor has called on the government to use Covid-19 as an opportunity to make a dent in tax avoidance.
US unemployment claims reach 26m as coronavirus causes huge job losses
About one in six American workers have lost their jobs in the past five weeks.
UK could see deepest economic slump for several centuries, Bank of England says
Gertjan Vlieghe, who sits on the central Bank’s Monetary Policy Committee (MPC), said in a speech that state support will help ease the pain.
Borrowing overshoots target as Covid-19 action to send deficit soaring
George Osborne indicated earlier this week that more austerity will be needed post-coronavirus crisis.
Tesco to start testing shop workers for coronavirus
The supermarket’s boss Dave Lewis also said it will increase home delivery slots to ‘1.2 million per week in the next few weeks’.
Could coronavirus unwittingly help block a common tax evasion practice?
Lockdown could result in businesses being forced to reveal where their “mind and matter” really is.
Hospitality sector warns of ‘bloodbath’ without further Government support
UKHospitality chief executive Kate Nicholls said the industry was the ‘canary in the coalmine’ for the British economy.
Richard Branson reminded of comments as Virgin appeals for government support
The Virgin boss said "the Government should not intervene to stop companies going bust" when BA ran into trouble in 2009.