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  • Greggs lifts prices to offset rising wage costs as investors rally behind stock
  • Spotify founder Daniel Ek to step back as CEO, handing reins to co-leaders
  • PPE Medpro ordered to repay £122m in DHSC gown dispute, with Barrowman slamming ruling as a ‘travesty of justice’
  • A ‘taxi tax’ would hit vulnerable passengers and struggling businesses hardest
  • Mone accuses Rachel Reeves of fuelling ‘government vendetta’ after Labour fringe remark
  • HSBC warns UK business banking customers of third-party data breach
  • UK growth slows sharply to 0.3% in second quarter as households turn cautious
  • Tax reform speculation slows high-end property sales, says Zoopla
  • Electronic Arts to go private in record $55bn buyout led by Saudi, Kushner & Silver Lake
  • YouTube agrees $24.5m settlement with Trump with $22m going toward White House ballroom

Tag: Sadiq Khan

London ULEZ

Low Emission Zone expansion is not just a death knell for London businesses

15 February 2021 Opinion Charlie Mullins 0 Comments

It is no surprise that in the past 12 months we’ve become a one-issue nation. Even if it’s not the battle against COVID-19 itself, it’s the social and economic fall out we’ve got to deal with.

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Heathrow has said passenger numbers were 60% lower in November than before the coronavirus pandemic and there were “high cancellations” among business travellers concerned about being trapped overseas for Christmas as Omicron spreads. The UK’s largest airport said the government’s travel restrictions had dealt a fresh blow to travel confidence and predicted it was likely to take several years for passenger numbers to return to pre-pandemic levels. This week ministers said passengers arriving in the UK would have to take a pre-departure Covid test, as well as a post-flight test, because of fears about the spread of the new variant. “[The] high level of cancellations by business travellers concerned about being trapped overseas because of pre-departure testing shows the potential harm to the economy of travel restrictions,” the airport said in an update. Heathrow said the drop in traveller confidence owing to the new travel restrictions had negated the benefit of reopening the all-important corridor to North America for business and holiday travel last month. Eleven African countries have been added to the government’s red list, requiring travellers to quarantine before reuniting with families. “By allowing Brits to isolate at home, ministers can make sure they are reunited with their loved ones this Christmas,” said John Holland-Kaye, the chief executive of Heathrow. “It would send a strong signal that restrictions on travel will be removed as soon as safely possible to give passengers the confidence to book for 2022, opening up thousands of new jobs for local people at Heathrow. Let’s reunite families for Christmas.” Heathrow said that if the government could safely signal that restrictions would be lifted soon, then employers at Heathrow would have the confidence to hire thousands of staff in anticipation of a boost in business next summer. The airport is expecting a slow start to 2022, finishing next year with about 45 million passengers – just over half of pre-pandemic levels. This week Tui, Europe’s largest package holiday operator, said it expected bookings for next summer to bounce back to 2019 levels. However, Heathrow said on Friday not to expect the aviation industry to recover for several years. “We do not expect that international travel will recover to 2019 levels until at least all travel restrictions (including testing) are removed from all the markets that we serve, at both ends of the route, and there is no risk of new restrictions, such as quarantine, being imposed,” the airport said.

Greggs lifts prices to offset rising wage costs as investors rally behind stock

Greggs will raise prices on selected items, including breakfast deals, to counter higher payroll costs. Shares jumped 7% after improved trading eased concerns over falling sales.

Nivoda secures $60m financing facility to ease jewellery retailers’ working capital crunch

Spotify founder Daniel Ek to step back as CEO, handing reins to co-leaders

Royal Mail doubles SME apprenticeship funding with new £1m levy gift

PPE Medpro ordered to repay £122m in DHSC gown dispute, with Barrowman slamming ruling as a ‘travesty of justice’

JLR loan support failing to reach SME suppliers quickly enough, warn industry experts

UK brands risk losing $10bn in value as short-term tactics limit growth potential

Reeves’ Budget: is Larry’s cat food the last refuge?

Utilities

Energy savings

Business Energy Claims recovers £25,000 for UK chocolatier

Energy saving

Manufacturing company recovers thousands from mis-sold energy contracts

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