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BUSINESS

UK slashes VAT to 5% on meals and accommodation in bid to help hospitality sector

Digital Desk -
The UK will cut the VAT rate on food, accommodation and attractions in a major boost for hospitality firms hit hard by the coronavirus...
ECONOMY

EU forecasts deeper economic hit from coronavirus pandemic

Digital Desk -
The European Union’s executive arm has forecast that the bloc’s economy will contract more than previously expected because of the coronavirus pandemic. The 27-nation EU...
BOOKS

UK unemployment rate could hit 15% after second Covid wave, OECD warns

Digital Desk -
Nearly one in seven people in the UK might be unemployed by the end of this year if a second wave of the pandemic...
BUSINESS

H&M to shut 170 stores this year after virus impact

Digital Desk -
Fashion giant H&M has said it plans to shut 170 of its stores across Europe after accelerating closure plans in the face of coronavirus. The...
BUSINESS

UK demand for new cars down almost 35% in June

Digital Desk -
Demand for new cars fell by 34.9% last month, an automotive industry body said. Only 145,377 new cars were registered in June compared with 223,421...
ECONOMY

UK retail job losses: 24,000 and rising

Digital Desk -
More than 24,000 jobs have already been lost in the UK, across high street retailers in administration, in the first half of 2020 after...
BUSINESS

Five released from Turkish jail ahead of trial in Carlos Ghosn flight case

Digital Desk -
A Turkish court has released four pilots and a private airline official from jail, pending the outcome of their trial on charges of smuggling...
BUSINESS

Coronavirus sees UK economy suffer largest fall since 1979 in first quarter

Digital Desk -
The UK economy contracted by more than first thought between January and March as the coronavirus crisis saw activity tumble 2.2% in the joint...
BUSINESS

Coronavirus: Local lockdowns in UK would be the ‘final straw’ for businesses

Digital Desk -
A Leicester shop owner has said businesses urgently need financial help if they are to avoid collapse due to the renewed lockdown placed on...
BUSINESS

Sainsbury’s set to post ‘reassuring’ sales jump in new chief’s first update

Digital Desk -
Sainsbury’s in the UK is expected to reveal a jump in sales for the past three months, in Simon Roberts’ first update as the...
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