All Bar One, Harvester and Toby Carvery owner axes 1,300 jobs as Covid sends them plunging to £123million annual loss Annual results showed the hefty annual losses for the year to September 26 Mitchells & Butlers previously revealed closure of up to 20 pubs and restaurants Did not at the time, earlier this month, disclose … Read more
Rishi Sunak was today accused of being ‘too optimistic’ and may need to find more cash to tackle Covid-19 despite spending ‘truly astonishing’ amounts trying to keep the British economy afloat. The Chancellor announced yesterday that borrowing would hit almost £400 billion this year, with government spending topping £1 trillion for the first time as the damage … Read more
Britain will get new HQ to tackle terrorism: Police and intelligence agents will work together in new unit as Rishi Sunak pledges tens of millions of pounds to fight terror threat Rishi Sunak to pledge tens of millions of pounds toward counter-terrorism unit First sections of new state-of-the-art building will be ready to use by … Read more
Airline shares soar as ministers prepare to slash coronavirus quarantine period for arrivals in the UK from 14 days to just FIVE from mid-December Transport Secretary Grant Shapps is set to announce quarantine rules overhaul The self-isolation period for arrivals is in line to be slashed from 14 days to five People from non-exempt countries … Read more
Rishi Sunak warns against accepting a post-Brexit EU trade deal ‘at any price’ with both sides reaching for an agreement as he says the UK economy will prosper ‘in any eventuality’ He spoke today amid ongoing talks between both sides in search of a deal Told the BBC UK has been consistent, adding: ‘we … Read more
David Cameron said Boris Johnson‘s rumoured plan to cut Britain’s foreign aid spending by £5billion would be a ‘moral, strategic and political’ error – while Tony Blair has slammed the proposals as ‘a profound strategic mistake’. Intervention from the two former Prime Ministers follows reports that Boris Johnson is planning on slashing the £15billion international development budget to … Read more
Britain will become Europe’s greatest naval power again after a £16.5billion boost to defence spending, Boris Johnson vowed yesterday. The Prime Minister said he would ‘restore Britain’s position’ as the ruler of the waves rather than allow the UK to ‘curl up in our island and leave the task to our friends’. Billions of pounds of … Read more
Millions of public sector workers face a pay squeeze to help pay for the pandemic. Rishi Sunak will use next week’s spending review to unveil a new era of ‘pay restraint’ to plug the black hole in the public finances. The Chancellor believes it would be ‘unfair’ for more than five million public sector workers … Read more
Burberry has warned that the government’s plan to end duty-free shopping will trigger a tourist exodus and damage UK economy as the brand announced its profits plunged by two thirds during lockdown. Chancellor Rishi Sunak is ending refunds for international visitors to British shops from January 1. The luxury clothing brand, which currently has 10 … Read more
Rishi Sunak was warned against inflicting ‘economic self-harm’ today after the tax watchdog suggested middle-class savers and entrepreneurs should face a multi-billion-pound tax raid. The Treasury’s independent tax watchdog has recommended a major overhaul of the capital gains tax (CGT) regime on the sale of assets, which could triple the number of people hit by … Read more