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UK firms must brace for virus hammer blow as tactics used during 2008 crash may not work, experts warn Many now fear the virus outbreak could deter investment and damage trading Ministers have fewer options to fight back against a hit to consumer spending The IFS urged the Chancellor to consider deferment of tax payments … Read more
The Prince of Wales looked in high spirits as he arrived to carry out engagements in Newquay, Cornwall today. Prince Charles, 71, who is the patron of the Campaign for Wool, visited clothing brand Celtic Sheepskin and Co – whose products are sustainably made from material including wool, sheepskin and linen – to mark the firm’s 30th … Read more
Top travel firms relax strict booking policies to tempt more customers on luxury breaks as bookings fall amid coronavirus outbreak Royal Caribbean will allow cruise cancellations up to two days before departure Kuoni decided to let guests change trip dates by seven days before leaving Comes as at least six passengers died after catching virus … Read more
Coronavirus dents advert sales at ITV as events are cancelled and firms rein in spending By Matt Oliver For The Daily Mail Published: 21:50 GMT, 5 March 2020 | Updated: 21:50 GMT, 5 March 2020 Carolyn McCall, ITV’s chief exec, said it was too early to predict the impact of the virus but it was … Read more
Competition watchdog warns firms taking advantage of coronavirus panic by hiking prices of hand sanitisers and disinfectants that they will be prosecuted Competition and Markets Authority (CMA) said firms could be prosecuted Stores across the UK have been limited the amount of products people purchase Government could implement pricing measures if the problems continue By … Read more
A lifeline for small firms crippled by coronavirus: Bank of England and Treasury draw up plan for emergency loans By James Salmon for the Daily Mail Published: 21:50 GMT, 4 March 2020 | Updated: 22:06 GMT, 4 March 2020 Plans to provide emergency loans to stop small firms going bust during the coronavirus crisis are … Read more
Firms are ramping up production to cope with the massive demand brought on by coronavirus – as terrified Britons strip supermarket shelves of essentials. Shops including Tesco, Asda, Sainsbury’s, Morrisons and Waitrose are looking increasingly desolate as people begin stockpiling household goods. Pictures show empty aisles as sections for hand soap and disinfectant, nappies and baby … Read more
Someone who is infected with the coronavirus can spread it with just a simple cough or a sneeze, scientists say. More than 3,200 people with the virus are now confirmed to have died and over 94,000 have been infected. Here’s what we know so far: What is the coronavirus? A coronavirus is a type of … Read more
The race to develop a vaccine against the coronavirus is heating up. In Cambridge, researchers at the university’s Infectious Diseases Centre say work is ‘already well under way’. After further tests, they hope to send the vaccine soon for pre-clinical trials at Public Health England. In the US, Novavax has begun testing a vaccine on … Read more
Furious backlash over Chancellor’s £2.7billion tax raid on small firms By Tom Witherow For The Daily Mail Published: 23:45 GMT, 1 March 2020 | Updated: 07:46 GMT, 2 March 2020 There was a furious backlash last night against Government plans for a £2.7billion raid on small and medium-sized businesses. Chancellor Rishi Sunak is proposing to … Read more