Businesses in England that are forced to shut because of local Covid-19 lockdowns will be able to claim up to £500 a week in government grants, under new measures announced
Continue reading »Home »
The Covid-19 recession feels mild compared with the 1980s – so far
Those of us with long enough memories can vividly recall the recession of the early 1980s. Unemployment climbed inexorably as many of the big names of British industry collapsed or
Continue reading »Profits plunge for Guinness owner Diageo after Covid lockdown
Locked down drinkers in the UK started buying booze online and baking with Baileys but that wasn’t enough to stop profits tumbling at the Guinness and Smirnoff owner Diageo, as
Continue reading »English shoppers return – but economy faces long road to recovery
Gradual decline in Covid-19 cases The number of new confirmed cases of Covid-19 in the UK has fallen to the lowest level since lockdown began, with the daily number dropping
Continue reading »Elon Musk tweets protest against US coronavirus lockdown
Elon Musk, the multibillionaire founder and chief executive of electric car company Tesla, has joined those protesting against the coronavirus lockdown of the US economy, tweeting: “FREE AMERICA NOW”. His
Continue reading »Ten reasons why a ‘Greater Depression’ for the 2020s is inevitable
After the 2007-09 financial crisis, the imbalances and risks pervading the global economy were exacerbated by policy mistakes. So, rather than address the structural problems that the financial collapse and
Continue reading »Amazon workers to walk out over lack of protective gear amid coronavirus
More than 100 Amazon workers planned to walk out of a New York facility on Monday, demanding increased protective gear and hazard pay as they work through the coronavirus pandemic.
Continue reading »