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Posts filtered by tags: UK News[x]


 

Mass unemployment feared despite Rishi Sunak's 'plan for jobs'

Economic experts, unions and Labour sound warning after summer statementRishi Sunak has been warned he will need to act far more decisively to prevent mass unemployment this autumn after unveiling a £30bn mini budget designed to tempt nervous consumers out their Covid-19 hibernation.The chancellor announced a short-term cut in VAT for hospitality and tourism and an August “eat out to help out” discount scheme as the government sought to send out a message to the public that it was safe to leave ...
Tags: Business, Politics, Money, Economics, Tax, UK News, Labour, Trade unions, Economic policy, Property, Stamp Duty, Economic recovery, Job losses, Rishi Sunak, Summer statement 2020


Unions urge Rishi Sunak to do more on unemployment

TUC and thinktanks call for immediate action to stem rising tide of redundanciesBusiness lobby groups and trade unions have called on the UK government to do more to help companies and workers recover from the coronavirus lockdown.They warned that many otherwise viable firms still faced “maximum jeopardy right now” despite the chancellor on Wednesday announcing a string of radical measures. Continue reading...
Tags: Business, Politics, UK, Economics, UK News, Trade unions, Economic recovery, TUC, Rishi Sunak, Coronavirus outbreak, Summer statement 2020


Devolved nations call on Treasury for billions in extra spending

Finance ministers of Scotland, Wales and Northern Ireland say Rishi Sunak must offer moreThe Treasury has failed to quell demands from finance ministers in Scotland, Wales and Northern Ireland for billions in extra spending despite an offer of a further £1.6bn.The devolved governments welcomed some of the chancellor’s initiatives, including a temporary cut to VAT for tourism businesses and fresh incentives to reemploy furloughed staff, but said Rishi Sunak’s package fell far short of the stimulu...
Tags: Business, Politics, Wales, Scotland, UK News, Northern Ireland, Treasury, Scotland Wales, Rishi Sunak, Coronavirus outbreak, Summer statement 2020


UK nominates Liam Fox to lead World Trade Organization

Government describes former international trade secretary as ‘ideal candidate’ for top job Liam Fox, Britain’s former international trade secretary, will be nominated by the UK to be the next head of the World Trade Organization (WTO), the government’s Department for International Trade has confirmed.Fox was a cabinet minister in Theresa May’s government between July 2016 and July 2019, and has been a Conservative MP since 1992. Continue reading...
Tags: Europe, Business, Politics, UK, European Union, UK News, World news, Fox, Britain, Theresa May, Foreign Policy, World Trade Organization, Liam Fox, Brexit, World Trade Organization WTO, Trade Policy


UK coronavirus live: Rishi Sunak unveils stamp duty cut, furlough bonus and August discount for eating out

Chancellor delivers summer statement in the Commons on UK economic recovery from pandemicThe chancellor’s key points at a glanceFull report: Sunak unveils stamp duty holiday and hospitality VAT cutBoris Johnson refuses to apologise to care workers at PMQsPM’s local hospital closes to emergency admissions after Covid-19 outbreakGlobal coronavirus updates – live 2.28pm BST Business groups like the chancellor’s announcement.Here is an extract from the response from Dame Carolyn Fairbairn, the C...
Tags: Business, Politics, UK, Recession, Economics, Cbi, UK News, Housing Market, Tax and spending, Infectious Diseases, Labour, Today, Economic policy, House Of Commons, Boris Johnson, Pmqs


UK coronavirus live: Rishi Sunak unveils furlough bonus, stamp duty cut and August discount for eating out

Chancellor making summer statement in the Commons on UK economic recovery from pandemicThe chancellor’s key points at a glanceBoris Johnson refuses to apologise to care workers at PMQsPM’s local hospital closes to emergency admissions after Covid-19 outbreak‘We mess with this virus at our peril’: Sturgeon urges cautionGlobal coronavirus updates – live 1.28pm BST The struggling childcare sector is disappointed by the Chancellor’s statement, our colleague Sally Weale reports.“The Chancellor to...
Tags: Business, Politics, UK, Recession, Economics, UK News, Housing Market, Tax and spending, Infectious Diseases, Labour, Economic policy, House Of Commons, Boris Johnson, Pmqs, Johnson, Sturgeon


Rishi Sunak unveils stamp duty holiday and hospitality VAT cut

Chancellor announces £9bn reward for firms bringing back furloughed workersCoronavirus – latest updatesSee all our coronavirus coverageThe government will slash VAT in pubs and restaurants, introduce a stamp duty holiday and spend up to £9bn rewarding employers that bring back furloughed staff, the chancellor said in his summer statement on Wednesday.Outlining measures designed to protect existing jobs and create thousands of new ones, Rishi Sunak said he offered all nations of the UK comprehens...
Tags: Business, Politics, UK, Economics, Pubs, UK News, Food & drink industry, Stamp Duty, Economic recovery, Services sector, Rishi Sunak, Coronavirus outbreak, Summer statement 2020


Summer statement: Rishi Sunak plans temporary job creation scheme for under-25s

Six-month placements aim to help those hardest hit by the Covid-19 lockdownSummer statement - the key announcementsCoronavirus – latest updatesSee all our coronavirus coverageRishi Sunak will respond to growing fears of a surge in youth unemployment from Britain’s pandemic-scarred economy on Wednesday with a £2bn temporary job creation scheme for the under-25s.Amid evidence that the fallout from the Covid-19-enforced lockdown has hit vulnerable young workers harder than other age groups, the cha...
Tags: Business, Politics, Recession, Economics, Conservatives, UK News, Britain, Unemployment, Economic policy, Youth Unemployment, Economic growth (GDP, Rishi Sunak, Coronavirus outbreak


Next, Asos and Amazon drop Boohoo amid Leicester factory claims

Retailers suspend label from websites after report on supplier working conditionsNext, Asos and Amazon pulled all Boohoo clothing from sale as growing anger over workers’ pay and conditions at the company’s suppliers resulted in £1.5bn being wiped from the fast fashion brand’s value in two days.Allegations that some factories in Leicester that sell clothes to Boohoo pay as little as £3.50 an hour and failed to protect workers from coronavirus emerged last week. On Tuesday, the three online retai...
Tags: Amazon, Business, Fashion, Life and style, UK News, Retail industry, Leicester, Asos, Next, Boohoo, Zalando, Coronavirus outbreak


Europe faces deep recession and UK will shrink by 10%, says EC

Gloomy forecast comes 10 days before EU leaders meet to discuss €750bn recovery planEurope is facing a deep recession in 2020, while the UK economy is forecast to shrink by almost 10% this year, the European commission has said.Brussels is forecasting an 8.3% drop in GDP for the 27 economies of the European Union in 2020 followed by a 5.8% rebound in 2021. The eurozone is forecast to contract by 8.7% this year, with 6.1% growth in 2021. Both are worse declines and weaker rebounds than the histor...
Tags: Europe, Business, UK, Economics, Eu, European Union, UK News, European Commission, Brussels, Eurozone, EC


Tory ministers from 1980s fear return to mass unemployment

Lords King and Fowler say local and national leaders must learn from policies of Thatcher eraTwo grandees of the Thatcher era have urged the government to learn lessons from the mass unemployment of the 1980s, as the Treasury draws up plans to limit a collapse in the jobs market caused by the coronavirus pandemic.Tom King, who was employment secretary in 1983 when the grim milestone of 3 million unemployed people was reached, told the Guardian that ministers should be prepared to consider proppi...
Tags: Business, Politics, Conservatives, UK News, Unemployment, Margaret Thatcher, Northern Ireland, Treasury, Thatcher, Tom King, Fowler, Coronavirus outbreak


'They've been missed': Cornwall welcomes first tourists of summer

Return of holidaymakers met with cautious optimism by businesses and residents Coronavirus – latest updatesSee all our coronavirus coverageMike Croker, a retired police officer born and bred on Cornwall’s rugged Atlantic coast, had donned his Cornish tartan tie to greet the first tourists of the summer.“It’s good to see the visitors back in the town,” said Croker, 72. “They’ve been missed and they are very welcome. This place needs tourism to survive.” Continue reading...
Tags: Business, Travel & leisure, UK News, Atlantic, Cornwall, Croker, Coronavirus outbreak


Huawei could be cut out of UK's 5G network this year, say reports

GCHQ believed to be advising Boris Johnson that Chinese firm poses higher security riskThe UK is poised to end the use of Huawei technology in its 5G network as soon as this year because of security concerns, according to reports.The prime minister, Boris Johnson, is set to make a major policy change after GCHQ is believed to have reassessed the risks posed by the Chinese technology company, newspapers have said. Continue reading...
Tags: Business, Politics, UK, Technology, Gchq, Conservatives, UK News, World news, US news, Telecommunications industry, Telecoms, UK security and counter-terrorism, Boris Johnson, Huawei, 5g


Boohoo booms as Leicester garment factories are linked to lockdown

Exclusive: Fashion brand profits from ‘stay home’ clothing supplied at speed from city now experiencing Covid-19 surgeCoronavirus – latest updatesSee all our coronavirus coverageOn 27 March, even as the rest of the UK were trying to make sense of how to get through the coronavirus crisis, Boohoo seemed to have nailed it.It was a Friday, and usually the fast-fashion brand’s irrepressibly bouncy Twitter account would be pitching dresses and shoes to its followers ahead of a night out. But this was...
Tags: Business, Fashion, UK, Money, Life and style, UK News, Consumer affairs, Retail industry, Online Shopping, Fashion industry, Leicester, Boohoo, Coronavirus outbreak


Amid the havoc wreaked by coronavirus, there is another danger we've forgotten | Jonathan Freedland

As Boris Johnson reopens pubs, a no-deal Brexit threatens to rain disaster on a country reeling from the pandemicDo you have the bunting out and the fireworks primed for Independence Day, with 4 July designated as the moment England ends its long national hibernation and flocks to the pub? To the untrained eye, the choice of a Saturday for the great unlocking might seem a tad rash, when, I don’t know, Monday was available to ease people in gradually. That point was put to Boris Johnson on LBC th...
Tags: Europe, Business, Politics, England, London, European Union, Society, UK News, Unemployment, Infectious Diseases, Boris Johnson, LBC, Brexit, Jonathan Freedland, Coronavirus outbreak


‘A bit of trepidation’: Lake District prepares to reopen to visitors

Mixed feelings among businesses and residents around Ullswater after three months without touristsCoronavirus – latest updatesSee all our coronavirus coverageThe Duke of Portland’s boathouse is probably the most popular holiday let in the Lake District, booked up for at least 340 days each year at an average cost of £350 a night. But for the past 103 days, the luxury one-bedroom property, perched on the shores of Ullswater – once used by the 3rd duke of Portland, AKA William Cavendish-Bentinck, ...
Tags: Business, UK, Travel & leisure, UK News, Portland, Boris Johnson, Barnsley, Lake District, Cumbria, Ullswater, William Cavendish Bentinck, Coronavirus outbreak


Tenby residents feel mixed emotions about arrival of tourist hordes

Businesses are looking forward to opening up the Welsh seaside town but many locals are dreading a coronavirus spikeCoronavirus – latest updatesSee all our coronavirus coverageFor more than two centuries the seaside town of Tenby in south-west Wales has gladly welcomed tourists to its sandy beaches, picturesque harbour and cobbled streets but the imminent arrival of the hoards this July is provoking a mix of emotions.Many of those whose livelihoods depend on tourism industry cannot wait for the ...
Tags: Business, Wales, Travel & leisure, UK News, Britain, south west Wales, Tenby, Coronavirus outbreak


Child-interrupted TV broadcasts 'show reality for working parents'

Editor and scientist say their children’s debuts on live TV were mortifying but positiveWhen their children walked on screen during live news broadcasts, they were mortified, but now two professional women are hoping their experience will send a positive message about working parents.Sky News’s foreign affairs editor, Deborah Haynes, said she “wanted the ground to swallow her” when her four-year-old son gatecrashed a live broadcast, but had been overwhelmed by the positive reaction of viewers an...
Tags: Family, Money, Media, Life and style, UK News, Work & careers, Bbc, Work-life balance, TV News, Parents and parenting, Sky News, Deborah Haynes


$10bn of precious metals dumped each year in electronic waste, says UN

A fast growing mountain of toxic e-waste is polluting the planet and damaging health, says new reportAt least $10bn (£7.9bn) worth of gold, platinum and other precious metals are dumped every year in the growing mountain of electronic waste that is polluting the planet, according to a new UN report.A record 54m tonnes of “e-waste” was generated worldwide in 2019, up 21% in five years, the UN’s Global E-waste Monitor report found. The 2019 figure is equivalent to 7.3kg for every man, woman and ch...
Tags: Gadgets, Business, Technology, Africa, Environment, Americas, UK News, World news, Australia news, US news, Asia Pacific, Pollution, United Nations, Global development, Un, Waste


Revealed: raw sewage poured into Olympic Park wildlife haven

Thames Water overflow pipe pumped waste for 1,000 hours into London wetlands last yearExclusive: water firms discharged raw sewage into England’s rivers 200,000 times in 2019Raw sewage was discharged for more than 1,000 hours from a Thames Water overflow pipe into an environmental wetland at the Olympic Park last year, the Guardian can reveal.The combined sewer overflow (CSO) at Mulberry Court pumped untreated waste 91 times into the waterway that feeds into the River Lea. To April this year, th...
Tags: Business, England, London, Utilities, Environment, UK News, Cities, Pollution, Wildlife, Green space, Olympic Park, Thames Water, CSO, Mulberry Court


Ryanair pilots agree to 20% pay cut in attempt to limit job losses

Accepting temporary pay cut is ‘right thing to do’ after collapse in demand, says pilots’ unionCoronavirus – latest updatesSee all our coronavirus coverageRyanair pilots have agreed to take a 20% pay cut as part of efforts to avoid up to 3,000 job cuts at Europe’s biggest budget airline.The pilots’ union Balpa announced on Wednesday that 96% of its Ryanair members had voted to accept the temporary pay cut in order to “save jobs that were under threat” due to the collapse in demand for flights in...
Tags: Europe, Business, UK News, World news, Ireland, Ryanair, Airline Industry, Michael O'leary, Balpa


Most Ryanair job losses can be avoided if staff take pay cut, says Michael O'Leary

Airline planned 3,500 job cuts but is ‘engaged in extensive negotiations’ with employees Coronavirus – latest updatesSee all our coronavirus coverageRyanair’s chief executive has told staff the airline can avoid many of its planned 3,500 job losses if they agree to pay cuts of up to 20%.Michael O’Leary, who announced plans to axe 3,000-3,500 jobs in May, said on Wednesday that across-the-board pay cuts could be an alternative to job losses. Continue reading...
Tags: Europe, Business, UK News, World news, Ireland, Ryanair, Airline Industry, Michael O Leary


'Gravest crisis' as Airbus plans to cut 15,000 jobs, 1,700 in UK

Aircraft manufacturer, which has a plant in Broughton, north Wales, hit hard by pandemicThe planemaker Airbus has announced plans to cut as many as 15,000 jobs – including 1,700 in the UK – as it warned the coronavirus pandemic had triggered the “gravest crisis” in its history.The planned cuts represent almost 15% of the European aerospace company’s global workforce of 135,000, underlining the depth of the crisis hitting the aviation and aerospace industries. Continue reading...
Tags: Europe, Business, UK, UK News, Airline Industry, Airbus, Broughton North Wales, Coronavirus outbreak


'New deal' risks fuelling emissions and eroding building standards

Green campaigners and housing experts warn Boris Johnson’s recovery plan could swiftly become a liabilityBoris Johnson’s plan to build tens of thousands of new homes risks locking in high carbon emissions for decades to come, if they are built to today’s poor efficiency standards instead of being designed for net zero carbon.The prime minister’s plans to “build, build, build” form the centrepiece of his “new deal” to lift Britain’s economy out of the coronavirus recession. About £12bn will go to...
Tags: Energy, Business, Politics, Climate Change, Housing, Environment, Economics, Communities, UK News, Britain, Greenhouse Gas Emissions, Economic policy, Economic recovery, Energy Efficiency, Boris Johnson, Johnson


UK coronavirus live: death toll rises by 155; employers in Leicester lockdown can re-furlough staff

PM speech on post-Covid recovery comes as Leicester faces local lockdown and ONS reports excess deaths have stoppedBoris Johnson vows to act fast to fix economy in wake of coronavirusNo 10 accused of sowing confusion over Leicester lockdownTheresa May: new national security adviser has ‘no proven expertise’Global coronavirus updates – live 5.09pm BST According to Nottinghamshire Live, the chief constable of Nottinghamshire police, Craig Guildford, has said that if his force finds people trav...
Tags: Business, Politics, UK, UK News, Tax and spending, Theresa May, Economic policy, Nicola Sturgeon, Nottinghamshire, Boris Johnson, Office For National Statistics, Leicester, Ons, Johnson, Keir Starmer, Matt Hancock


Britain and Brussels turn on each other for prolonging City's uncertainty

Deadline to agree regulatory equivalence for financial services and allow business after Brexit likely to be missedBritain and Brussels have each accused the other of holding up a decision on the City of London’s ability to do business in EU markets from next year, prolonging the financial services’ state of uncertainty about the future.Both parties had agreed to complete assessments of the other’s regulatory regimes for financial services by Tuesday 30 June, with the expectation that they would...
Tags: Europe, Business, London, Eu, European Union, UK News, Financial Sector, Britain, Brussels, Brexit, Michel Barnier


UK coronavirus live: employers in Leicester lockdown can re-furlough staff, says No 10

PM speech on post-Covid recovery comes as Leicester faces local lockdown and ONS reports excess deaths have stoppedBoris Johnson vows to act fast to fix economy in wake of coronavirusLeicester lockdown extension will mean change in law, Hancock saysMay criticises appointment of David Frost as national security adviserGlobal coronavirus updates – live 3.10pm BST There have been no new coronavirus deaths in Northern Ireland, according to the latest update from the Department of Health. 2.57pm...
Tags: Business, Politics, UK, UK News, Tax and spending, Theresa May, Economic policy, Northern Ireland, Nicola Sturgeon, Boris Johnson, Office For National Statistics, Leicester, Ons, Johnson, Keir Starmer, Department Of Health


Progress on gender equality at risk from Covid-19 jobs crisis, says ILO

UN body says pandemic a bigger blow to employment than it previously fearedModest progress in workplace gender equality risks being reversed by the disproportionate impact of the deepening global jobs crisis caused by the Covid-19 pandemic, the International Labour Organisation has said.The Geneva-based ILO said its latest update showed restrictions on activity during the second quarter had led to an even bigger blow to employment than it previously feared, and that women had been hit harder tha...
Tags: Business, Gender, Economics, UK News, World news, Un, Geneva, ILO, International Labour Organisation


UK coronavirus live: Boris Johnson refuses to rule out tax rises to pay for post-Covid recovery

PM speech comes as Leicester faces local lockdown and ONS reports excess deaths have stoppedBoris Johnson vows to act fast to fix economy in wake of coronavirusLeicester lockdown extension will mean change in law, Hancock saysUK economy hit by sharpest fall in 41 yearsGlobal coronavirus updates – live 1.26pm BST In his speech Boris Johnson promised “the most radical reforms to our planning system” since the second world war. Here is the news release about the plans, which are intended to mak...
Tags: Business, Politics, UK, England, UK News, Economic policy, Boris Johnson, Office For National Statistics, Leicester, Ons, Johnson, Matt Hancock, Coronavirus outbreak


Bank of England's Haldane sees V-shaped recovery, but fears 1980s-level jobless surge - business live

Rolling coverage of the latest economic and financial news, as BoE chief economist says Covid-19 recovery is underwayLatest: Haldane sees V-shaped recoveryChina’s PMIs show recovery underwayWorld markets have surged 18% this quarterFTSE 100 on track for best quarter since 2010UK economy shrunk faster than feared in Q1Coronavirus – latest updatesSee all our coronavirus coverage 12.21pm BST Haldane’s webinar also shows how the Bank of England has dramatically expanded its balance sheet, to pum...
Tags: Business, UK, England, Economics, Bank Of England, Mark Carney, UK News, Stock Markets, Bank, Ftse, Andy Haldane, Haldane, Andrew Bailey, Coronavirus outbreak, COVID



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