Business news

• Funding pledges produce winners and losers with a squeeze looming

  25-11-2020 21:30
  Money found for UK defence, schools, hospitals and police but overseas aid and local government feel pain
  
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• Sunak warns of ‘economic emergency’ as borrowing hits record £394bn

  25-11-2020 20:56
  Chancellor sets out spending plans amid 11.3% fall in GDP, the biggest contraction in 300 years
  
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• Gruesome UK forecasts lay bare cost of coronavirus crisis

  25-11-2020 20:39
  OBR fiscal watchdog flags tough choices facing Sunak on stabilising public finances
  
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• Economists say Restart scheme fails to create enough jobs

  25-11-2020 20:01
  Business groups lament lack of significant new funding for skills and training
  
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• Sunak falls short on meeting healthcare needs, experts say

  25-11-2020 19:49
  Government urged to continue to honour promise to give NHS whatever it needs to fight Covid-19 pandemic
  
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• UK local councils banned from making risky property bets

  25-11-2020 19:24
  Covid hit to asset values leaves authorities struggling after £7bn borrowing spree
  
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• Sunak launches £4bn fund to bridge regional inequality

  25-11-2020 19:22
  Levelling-up plan welcomed by northern Tory MPs but criticised by Labour for centralising decision-making
  
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• Rishi Sunak launches £4bn fund to bridge regional inequality

  25-11-2020 19:22
  Levelling-up plan welcomed by northern Tory MPs but criticised by Labour for centralising decision-making
  
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• Counting the cost of Britain’s battle with the virus

  25-11-2020 19:11
  Rishi Sunak has to start preparing the country for fiscal adjustment
  
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• Rishi Sunak warns 'economic emergency has only just begun'

  25-11-2020 19:00 via bbc.co.uk
  
  The pandemic will deal lasting damage to growth and jobs, the chancellor has warned.
  
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• Minister quits after chancellor moves to cut foreign aid

  25-11-2020 18:55
  Rishi Sunak insists move was justified by fiscal crisis in the UK caused by the Covid pandemic
  
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• Sunak pivots between largesse and pain in political balancing act

  25-11-2020 18:30
  UK chancellor disguises impending austerity as he seeks to keep most election promises ahead of looming tax rises
  
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• Rishi Sunak pivots between largesse and pain in political balancing act

  25-11-2020 18:30
  UK chancellor disguises impending austerity as he seeks to keep most election promises ahead of looming tax rises
  
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• Spending Review: Key points from Rishi Sunak's statement

  25-11-2020 18:17 via bbc.co.uk
  
  Chancellor Rishi Sunak has set out what the government will spend next year. Here are the headlines.
  
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• UK public sector workers face real terms pay cut, Sunak confirms

  25-11-2020 17:58
  Teachers, police and civil servants hit by fresh squeeze but nurses and doctors will receive a rise
  
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• Dominic Raab: Targeted foreign aid remains a UK priority

  25-11-2020 17:55
  Despite cuts, Britain will fund fight against disease and climate change and help get girls into school
  
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• Low-paid public sector workers to get £250 pay rise

  25-11-2020 17:49 via bbc.co.uk
  
  Pay will be frozen for at least 1.3 million public sector staff, but low-paid and NHS workers will get raises.
  
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• Spending Review: Rishi Sunak 'hasn't gone far enough'

  25-11-2020 17:32 via bbc.co.uk
  
  Under-30s have been hit hard by Covid, so what did they think of the chancellor's Spending Review?
  
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• RPI: reprieve, not RIP

  25-11-2020 17:15
  Investors will still receive the broad inflation protection they cherish
  
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• Spending Review: Unemployed predicted to rise to 2.6 million

  25-11-2020 16:58 via bbc.co.uk
  
  The chancellor says the "economic emergency" has "just begun", but promises more help for the jobless.
  
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• Safe Delivery for COVID-19 Vaccines Enabled by Finnish Data Startup

  25-11-2020 16:52 via ibtimes.co.uk
  
  s governments and public health bodies around the world gear up for the challenge of distributing new COVID-19 vaccines, on Tuesday, Finnish supply chain analytics startup Logmore announced the launch of Logmore Dry Ice.
  
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• Sunak fighting a battle for traditional Tory values

  25-11-2020 16:32
  Conservative party is becoming hooked on the deficit financing they purportedly oppose
  
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• Rishi Sunak is fighting a battle for traditional Tory values

  25-11-2020 16:32
  The Conservative party is becoming hooked on the deficit financing they purportedly oppose
  
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• UK to stop using RPI inflation measure in 2030

  25-11-2020 16:24
  Move will save taxpayer billions of pounds each year but hit some pensioners and bondholders
  
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• Spending Review: Millions face cut in value of workplace pensions

  25-11-2020 16:11 via bbc.co.uk
  
  Women and new retirees likely to be hit hardest by the planned change - but not before 2030.
  
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• UK spending review 2020: the chancellor’s speech in full

  25-11-2020 16:09
  Rishi Sunak’s statement to the House of Commons on Wednesday
  
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• UK borrowing to hit £394bn as Sunak warns of ‘economic emergency’

  25-11-2020 15:04
  Chancellor says GDP set to fall 11.3% this year because of pandemic as he sets out spending plans
  
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• London’s leaders urge PM to spare city from toughest Covid restrictions

  25-11-2020 14:36
  Putting capital into tier 3 would force many businesses to ‘close their doors for good’
  
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• London’s leaders urge PM to spare city from toughest Covid curbs

  25-11-2020 14:36
  Hospitality sector braced for further damage if Boris Johnson places capital into tier 3 on Thursday
  
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• Brexit/derivatives: lost passport

  25-11-2020 14:02
  A beggar-thy-neighbour battle for business will benefit Paris, Frankfurt and Dublin less than some EU politicians imagine
  
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• Brexit and the City: lost passport

  25-11-2020 14:02
  A beggar-thy-neighbour battle for business will benefit Paris, Frankfurt and Dublin less than some EU politicians imagine
  
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• UK grip on European derivatives at risk in fight over post-Brexit rules

  25-11-2020 13:13
  Esma says it will not tweak requirements, setting up clash with UK rules from January
  
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• Barcelona vs Dynamo Kiev: Messi surprisingly missing from UCL squad

  25-11-2020 11:58 via ibtimes.co.uk
  
  The Catalans did just fine without the Argentine, winning 0-4 against the hosts.
  
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• Most Black Friday products 'were same price or cheaper' beforehand

  25-11-2020 11:35 via bbc.co.uk
  
  Nine in 10 products are the same price or cheaper before the sale, finds consumer group.
  
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• Covid: What are the new rules for pubs and restaurants?

  25-11-2020 11:28 via bbc.co.uk
  
  New rules for pubs in England come into effect on 2 December after the second lockdown ends.
  
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• FC Barcelona news: Messi vs Griezmann feud comes to a head, 'enough is enough'

  25-11-2020 11:27 via ibtimes.co.uk
  
  Griezmann has been at the center of a controversy pitting him against the Barcelona captain.
  
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• Burn victims may find hope in new 'electronic skin' that can feel

  25-11-2020 10:59 via ibtimes.co.uk
  
  The goal of researchers is to help restore the sense of touch to patients who have lost it either through accidents like getting burned or because of illness.
  
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• Your teeth can reveal whether you are a 'superspreader' or not

  25-11-2020 10:55 via ibtimes.co.uk
  
  Two notable features of superspreaders include having a full set of teeth or having a stopped-up nose.
  
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• 'The Umbrella Academy' season 3 premiere hints at family reunion

  25-11-2020 10:36 via ibtimes.co.uk
  
  "The Umbrella Academy" showrunner Steve Blackman dropped the title for the first episode of Season 3.
  
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• Cardi B slams Wiz Khalifa for pitting her and Nicki Minaj "against each other" over Grammy snub

  25-11-2020 09:34 via ibtimes.co.uk
  
  Wiz Khalifa shared a tweet which questioned the credibility of the Grammys .
  
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• Prince William congratulates Oxford researchers on COVID-19 vaccine

  25-11-2020 09:09 via ibtimes.co.uk
  
  The Duke of Cambridge had tested positive for the novel coronavirus in April, but his diagnosis wasn't revealed until a few weeks ago.
  
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• Sinful but good for the brain: Chocolates rich in cocoa flavanols boost cognition in healthy adults

  25-11-2020 08:31 via ibtimes.co.uk
  
  Participants were given cognitive tests after ingesting cocoa flavanols, and their rate of solving problems increased by 11 percent.
  
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• COVID-19: Questions raised as CDC considers bringing quarantine down to just 1 week

  25-11-2020 08:23 via ibtimes.co.uk
  
  As new data emerges about the virus, the CDC announces changes to protocol as it deems appropriate.
  
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• Christina Perri shares heartbreaking loss of baby girl 'born silent'

  25-11-2020 08:09 via ibtimes.co.uk
  
  Christina Perri gave birth early to her baby daughter who fought so hard to be alive.
  
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• Miranda Kerr 'adores' Katy Perry; 'grateful' ex-husband Orlando Bloom found her

  25-11-2020 08:02 via ibtimes.co.uk
  
  Miranda Kerr and Orlando Bloom were married for three years before they parted ways in 2013.
  
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• Johnny Depp vs Amber Heard: Stephen Dorff says Depp is a 'generous' and 'great guy'

  25-11-2020 07:50 via ibtimes.co.uk
  
  Stephen Dorff remembered Johnny Depp being friendly and generous to him after his mum died.
  
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• Christmas 2020 : UK allows three households to mix during holiday period

  25-11-2020 07:37 via ibtimes.co.uk
  
  To enable people to visit families in other parts of the UK, travel restrictions and measures across England, Scotland, Wales and North Ireland will be lifted.
  
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• The Weeknd breaks silence on Grammys snub; calls Recording Academy 'corrupt'

  25-11-2020 06:52 via ibtimes.co.uk
  
  The Recording Academy has insisted that The Weeknd, given name Abel Makkonen Tesfaye, wasn't snubbed on purpose.
  
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• Scotland first in the world to make menstrual products free for everyone

  25-11-2020 06:45 via ibtimes.co.uk
  
  The average cost of tampons and pads has many women struggling to afford £8 a month to purchase these with the average period lasting about five days.
  
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• US President-elect Joe Biden presents security and foreign policy team

  25-11-2020 06:31 via ibtimes.co.uk
  
  As more members of his Republican Party came out demanding an end to the impasse, Trump signed off on the GSA move, effectively admitting defeat.
  
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