Rishi Sunak admits his wife has been ‘lobbying’ him about opening the beauty industry as he says ‘sorry’ for the delay in getting salons back up and running following the first lockdown Rishi Sunak revealed his wife has been ‘lobbying’ him about the beauty industry Chancellor of the Exchequer reflected on reopening salons after first … Read more
The RETURN of Eat Out to Help Out? Rishi Sunak hints meal deal scheme will be back in the New Year… just as Britons are trying to shift the Christmas pounds Mr Sunak said there would be further measures to get people ‘out and about’ He added that the Government wants to get ‘consumers spending … Read more
End of duty-free ‘will cost billions’: Luxury goods firms including Gucci and Tiffany warn that ending VAT refunds will hit UK economy hard Rishi Sunak is ending VAT refunds for international visitors to British shops It is estimated the move could cost the economy up to £3.5billion 11 leading luxury firms have written to Chancellor … Read more
A Welsh farmer torched hundreds of ‘worthless’ sheep fleeces in protest at rock-bottom wool prices after the pandemic saw the market for the natural material sink to ‘diabolical’ lows. He piled up 800 fleeces from newly-shorn sheep and turned them into a funeral pyre saying it was cheaper to destroy them by fire than to go to … Read more
The economic fallout during the coronavirus pandemic has made the prospect of World War Three ‘a risk’, the UK’s most senior military commander has said. General Sir Nick Carter, the Chief of the Defence Staff, said Britain and the rest of the world would need to ‘learn’ from history and the international missteps that led … Read more
WH Smith is set to report pre tax loss of up to £75million as Covid pandemic hit sales at its travel stores after announcing 1,500 jobs could be axed WH Smith previously revealed up to 1,500 jobs were on the line amid Covid Analysts at Investec said they expect it to deliver a £73 million … Read more
High street chains Edinburgh Woollen Mill and Ponden Home have collapsed into administration with 866 jobs axed and hundreds more under threat. A total of 64 stores – 56 Edinburgh Woollen Mill and eight Ponden Home – will stay permanently closed. The remaining 328 EWM and 65 Ponden Home stores will continue to trade, Covid-19 … Read more
Britain’s economy will shrink by 11% and unemployment will rise to 2.6million amid Boris Johnson’s latest lockdown, bank of England warns Governor Andrew Bailey said the Bank expects the economy to shrink again He said economic output would be 11% lower at end of the year than at the start Added that unemployment would rise … Read more
Hundreds of workers who have recently lost their jobs are furious with Rishi Sunak after he said the furlough scheme will be extended until the end of March. In a major Government U-turn the Chancellor said the move is needed to quell the economic situation caused by the Covid-19 pandemic. The job furlough scheme had been due to … Read more
Rishi Sunak extended the furlough scheme until March today amid renewed lockdowns and demands from Nicola Sturgeon. The Chancellor admitted that the recovery had ‘slowed’ and businesses now faced heightened ‘uncertainty’ in a statement to the Commons. Workers will be able to get furlough at 80 per cent of their usual wage until the end … Read more