Parliament is currently debating how the self-employed can be supported similarly to other workers and businesses throughout the UK. At the outset of the debate the Chancellor, Rishi Sunak, told MPs: “We’re looking at pace at what support can be provided. “The fact is that the five million universe that we’re dealing with contains such a wide variety of different people … [Read more...]
Tim Martin callously warns Wetherspoon workers of pay delays and advises move to supermarkets
Tim Martin has told his 40,000 staff at Wetherspoons they could face delays being paid and urged them to consider taking a job at supermarkets instead. Wetherspoons sent a video sent to staff this week hosted by founder and chairman Tim Martin saying that his company would be making use of the new government wage subsidy scheme, but warned staff they would likely face delays … [Read more...]
World financial markets and world financiers react negatively to today’s COVID-19 news
As the impact of COVID-19 deepens across the world, government financial ministers, world banks and financial markets across the world all looked downwards. In London today the FTSE 100 ended below 5,000 down 196 points at 4,993, its lowest level of close since October 2011. Also in London today the FTSE 350 Travel & Leisure Index, which contains many of the best … [Read more...]
Prime Minister Boris Johnson announces UK is now in lock down
Prime Minister Boris Johnson has just announced on UK television that the nation is now officially in lock down to combat the spread of COVID-19. Johnson in the same announcement said that police would be used to enforce the lock down measures. All shops other than essential providers of food and medicines are being closed, and restrictions on travel would be enforced. All … [Read more...]
Hospitality relief from government moratorium on commercial landlord sanctions today
Earlier today the Government introduced emergency legislation to enact a moratorium on commercial landlord sanctions and debt enforcement for at least three months. This will be great news to hospitality businesses as the vast majority are now closed and unable to generate cash as a consequence of the COVID-19 pandemic. UKHospitality this morning called on the Government to … [Read more...]