Pubs & Restaurants to bear the brunt
LEISURE AND HOSPITALITY Pubs and restaurants will bear the brunt of a new Covid tier system so that shops, cinemas and gyms can reopen under plans to be announced by Boris Johnson today. The prime minister will confirm that a revised tier system will replace the current lockdown on December 3. All shops will be […]
Start-up loans climb
Analysis shows that a record number of small companies have taken start-up loans during lockdown, with 2,670 loans provided under the British Business Bank’s start-up loan scheme. This marks an increase of almost a quarter, year-on-year.The I, Page: 44
Pub chain closes 20 sites
Mitchells & Butlers confirms 20 closuresPub and restaurant chain Mitchells & Butlers has announced that 20 sites it operates are to shut as a result of the coronavirus pandemic. The firm reopened approximately 95% of sites after the first lockdown and remaining sites have been under review on a case-by-case basis. A spokesperson said: “We […]
Oxford Vaccine could be ready before the year ends
Professor Andrew Pollard, who has led trials of Oxford University and AstraZeneca’s coronavirus vaccine, said they are on track and “optimistic” of securing approval by Christmas. Prof Pollard, who has described work on the vaccine as a “miracle” done at “record speed”, noted that the drug is easier to deliver and ten times cheaper than […]
House prices drop as duty holiday nears the end
Rightmove has revealed that with people looking to get their properties sold before the stamp duty holiday comes to an end in March 2021, the average asking price in October was £1,505 less than in September, falling 0.5% to £322,025. Analysis shows that through October, demand and activity was strongest in price bands where buyers […]
CBILS scheme extended
The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses affected by coronavirus (COVID-19). The scheme helps small and medium-sized businesses to access loans and other kinds of finance up to £5 million.The government guarantees 80% of the finance to the lender and pays interest and any fees for the first 12 […]