Regular readers will know that much of our reporting currently on COVID-19 is taking a macro view, looking at absolute basics that will shape things to come. Readers will know that we have cited watching what money markets are doing to try and gauge the economic pulse. On Saturday we were advising hospitality businesses to look at cash flow with ice cold pragmatism and with … [Read more...]
Roux Scholarship: competition postponed
We have just received the following email from Roux Scholarship: " It’s with regret, but for all participant’s safety, that we have taken the decision to postpone the remaining stages of the competition until the autumn. New dates will be confirmed in due course." A great shame but fully understandable under current COVID-19 circumstances. … [Read more...]
British Insurers statement on COVID-19 highlights ‘almost zero’ cover for hospitality businesses
Today the Association of British Insurers has issued a statement on the closure of businesses and the impact of COVID-19. It will bring no comfort to most businesses as standard business interruption cover does not cover the situation hospitality businesses across the UK face today. The statement highlights that as far as British Insurers are concerned there is almost … [Read more...]
COVID-19 impact on Hospitality Industry now catastrophic, says UK Hospitality
Boris Johnson on behalf of the UK government yesterday, for all intents and purposes closed the UK pub sector, and many businesses associated with it. In his address to the nation yesterday he was advising people not to go to pubs and implement social distancing. Whilst this is still not yet official government policy or law, it will nonetheless be observed by … [Read more...]
Prime Minister Johnson please note: US Government looks at issuing $1,000 to every citizen
CNN is reporting this afternoon that the US government is looking at issuing every US citizen in the next few days with $1,000 to combat the economic effect of COVID-19. This would amount to 1.7% of US GDP and would cost circa $350 billion. A number of economic advisors to the US government are already backing the idea, these include Greg Mankiw, a former top economic … [Read more...]