This report recognises the quickness of that response, but puts a spotlight on some of the frailties of it too. It highlights the speed of the rollout of the schemes as one of the main reasons for losses in the tens of billions of pounds. But without hasty action, the Chancellor would argue, millions of businesses and individuals would currently be in dire straits.
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Canary Wharf looks to diversify as banks move out
admin, , Business, 0
A residential estate, Wood Wharf to the east of the main set of skyscrapers on the site, is also...
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Rolls-Royce says ‘worst behind us’ as it posts £4bn loss
admin, , Business, 0
While Rolls-Royce has lost billions and continues to burn through cash, investors will take some limited reassurance from this...
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Talks over £1bn UK port expansion ongoing after row
admin, , Business, 0
Discussions about a London port expansion worth £1bn are ongoing as the government tries to resolve a row with...
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Heathrow Airport suffers 600,000 cancellations in December
admin, , Business, 0
Mr Holland-Kaye said: “There are currently travel restrictions, such as testing, on all Heathrow routes – the aviation industry...
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Coronavirus: UK tightens travel rules amid Omicron spread
admin, , Business, 0
There was already concern in the industry that people’s confidence to travel, and to book future trips, would be...
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Sainsbury’s pressed to pay more to subcontracted workers
admin, , Business, 0
ShareAction, the group behind the campaign for a new pay policy at the supermarket, said there was a “compelling...
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Apple to discontinue the iPod after 21 years
admin, , Business, 0
Over the years, many celebrities have thrown their star power behind the iPod, including John Mayer, U2 and Oprah...
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Monzo bank in money laundering rules investigation
admin, , Business, 0
“In May 2021, the FCA notified us that it had started an investigation into our compliance with the Money...
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